Ocean Spray has terminated the contract of CEO Bobby Chacko.
The US group, which produces a range of cranberry juice products, fruit-based snacks and sauces, said Chacko had violated the company’s anti-harassment policy.
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James White has been named interim CEO and the search for a permanent replacement is underway.
The company declined to give further details on Chacko’s exit. Ocean Spray chairman Peter Dhillon said: “At Ocean Spray, we have pledged to hold everyone accountable and ensure that every decision is made in the best interest of the cooperative.”
The chairman praised Chacko’s contribution to Ocean Spray, saying the former CEO “helped to right the ship … and set us on a new path”.
“However,” Dhillon added, “no matter how valuable someone’s contributions may be, we simply cannot accept a violation of our company policy.”
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By GlobalDataChacko joined Ocean Spray in 2017 as the company’s chief growth officer. He was named CEO in 2018, replacing the outgoing Randy Papadellis.
Prior to joining Ocean Spray, Chacko served as regional president of Mars Drinks’ North American business. He previously held various positions at The Coca-Cola Co, Anheuser-Busch InBev and GE Capital.
