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CFO to Leave Arla Foods

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CFO to Leave Arla Foods

CFO to Leave Arla Foods
May 05
10:18 2015

Frederik Lotz (pictured), Executive Vice President and Chief Finance Officer of Arla Foods, has decided to accept a position as CFO in the private equity owned Dutch-based retail company Action BV and will leave Arla Foods after 5½ years with the company.

“Frederik has taken Arla and our finance community into a new era and he has particularly been our front-runner on going beyond budgeting and has established a more agile finance organisation and at the same time established strong finance programmes to manage our cash flow. Frederik has now decided to pursue a new career opportunity outside Arla, and I wish him all the best of luck in his new role,” says Peder Tuborgh, CEO of Arla Foods.

The decision to leave Arla Foods was not an easy one. “I am proud to have been part of Arla on its journey to create the future of dairy. In particular, I have always admired the active ownership of the farmers and their no-nonsense approach to business. Arla today is a strong company and will continue to deliver good growth with success. However, the opportunity for me to join Action and to move to Amsterdam with my family was simply too good to pass up. I sincerely wish Arla all the best going forward. It has been a privilege,” says Frederik Lotz.

Frederik Lotz will leave Arla by July 31st this year. The process of finding his replacement has now been initiated.

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