FDBusiness.com

Kellogg Company has named John Bryant, currently chief operating officer, as successor to president and chief executive David Mackay upon his retirement on January 1st 2011. The two men will work together to ensure a smooth transition through to March 31st 2011.

David Mackay has worked at Kellogg for twenty years, serving as chief executive for the past four years. John Bryant has played a central role in the cereals group’s strategic and operational plans over the past decade.

John Bryant.

John Bryant joined Kellogg in 1998 and has held numerous leadership roles. He has led the Kellogg North America and Kellogg International business units, served as chief financial officer from 2002 to 2004 as well as from 2006 to 2009, and assumed his current role of chief operating officer in 2008. Most recently, in July 2010, he was also elected to the company’s board of directors.

Kellogg has reaffirmed its 2010 and 2011 guidance. For fiscal year 2010, the company continues to expect internal net sales to be down approximately 1%, internal operating profit to be flat, and full-year currency-neutral earnings per share growth of 4 to 5%. For 2011, Kellogg still expects low single-digit internal net sales growth, flat to down 2% internal operating profit, and low single-digit earnings per share growth on a currency-neutral basis.