Monbake, the Spain-based bakery group, has named former Reckitt director Borja Lomba Sorrondegui as its new CEO.
Lomba succeeds Aurelio Antuna, who has led Monbake since 2018 and will now assume the role of chairman at the company.
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Monbake is one of Spain’s largest bakery groups. It manufactures, markets and distributes its products for Spain and abroad, with a presence in more than 30 countries.
Lomba joins the Monbake after more than a decade at Reckitt. His most recent role at the UK-based consumer-goods group was director-general for its operations in Iberia.
In a statement, Lomba said: “I am joining Monbake with great enthusiasm and excitement, at a key moment for the company. Monbake has enormous growth potential, an exceptional team and a firm commitment to quality and innovation. I face this challenge with determination and the goal of continuing to create long-term value for all our stakeholders.”
Private-equity firm CVC Capital Partners acquired Monbake last year. CVC purchased the business from France-based investment company Ardian and co-investors Alantra, Artá and Landon.
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By GlobalDataAntuna added: “In this new stage as chairman, my focus will be on strengthening institutional and corporate relations, maintaining direct and ongoing dialogue with the board of directors, as well as deepening the medium-term strategy and supporting key corporate operations.”
Over the last 12 months, Monbake has snapped up two Spanish bakers: Galica-based IPASA and Murcia-based pizza-dough manufacturer La Nina del Sur.
Monbake, which has more than 2,000 employees, operates 10 factories. It also has more than 230 stores.
