Lifeway Foods, a US-based manufacturer of fermented milk product kefir, has become the subject of an apparent family feud after directors Ludmila and Edward Smolyansky moved to remove Julie Smolyansky as the company’s CEO.

The two directors want the Illinois-based company, established by Ukrainian immigrants in 1986, to pursue “strategic alternatives” .

Ludmila, Julie’s mother and Edward, her brother, together own 34.9% of the company’s shares. Julie, who became Lifeway’s CEO in 2002 at the age of 27, has a 13.2% stake in the firm.

Ludmila is the company’s chairperson and Edward was its COO until he was ousted in January.

French dairy giant Danone owns 22.4% of Lifeway.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

See Also:

On 25 February. Lifeway confirmed Ludmila and Edward Smolyansky’s request for their relative’s removal as CEO in an SEC filing.

“The reporting persons notified the board of directors of Lifeway Foods, Inc. of their belief that the company should replace the company’s chief executive officer and commence an exploration of the company’s strategic alternatives,” it said.

Some analysts suggest that one of those alternative strategies could be a sale of the business.

In August, Lifeway, which has annual revenues of around US$120m, acquired GlenOaks Farms, a local probiotic drinkable yogurt brand founded in 1984, for $5.8m and in September sought to extend its product portfolio with the launch of oat milk.

Danone did not want to comment on the situation or on its strategy for its investment in Lifeway when contacted by Just Food. Lifeway did not respond to a request for comment.