Nut producer Diamond Foods has appointed Steven Neil to the position of CFO.
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Neil will succeed Seth Halio as CFO at the US firm with immediate effect.
He most recently served as executive vice president and chief financial officer of The Cooper Companies, a speciality healthcare products manufacturer.
“We are very pleased to welcome Steve Neil to the Diamond Foods management team,” said CEO Michael Mendes. “Steve brings a broad base of financial expertise as well as the business acumen of a successful executive to Diamond. This strong combination of skills will be an important addition to our management team as we execute our long-term strategy.”
Diamond’s most recentr results saw the company lift its annual sales forecast despite a mixed first quarter of rising revenue and falling profits.
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By GlobalDataThe company expects revenue to reach between US$535-555m during its current financial year. Diamond Foods’ previous forecast was $530-550m.
For the quarter to the end of October, Diamond Foods saw sales rise 9% to $184.5m. However, net income reached $8.3m, down from $9.6m a year earlier.
