Swiss food group Orior has appointed private-equity executive Ricarda Demarmels as its new CFO.
Demarmels, investment director at Capvis Equity Partners, will join the convenience food maker in April, two months after incoming CEO Daniel Lutz takes his position. The company announced in October Lutz, previously a senior executive for Nestle in China, will join Orior in February.
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Demarmels will replace Hélène Weber-Dubi, who has decided to step down from the role after 15 years.
Orior said Demarmels had gained “in-depth knowledge” of the business while at Capvis Equity Partners.
An Orior spokesperson told just-food Demarmels has been involved in Orior’s IPO while at the private-equity firm. Orior floated in 2010 after then majority investor Capvis sold some of its shares in the business. Capvis took its stake in Orior below 3% in 2012, the spokesperson added.
Orior chairman Rolf Sutter said Weber-Dubi had “played a significant role in Orior Group’s development”.
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By GlobalDataHe added: “She has long expressed a wish to step back a little, and the board has agreed to this. At the same time we are very pleased to have found a very well qualified successor in Ricarda Demarmels.”
