CFO Turnover At Food Companies Is At The Highest Rate Since 2007
June 9, 2016 | 1 min to read
By the end of 2016, more than half of the chief financial officers at major food companies will be on the job for less than three years, according to an analysis by J.P. Morgan.
The bank found that at least 12 of 22 CFOs at companies including Mondelez International Inc., Hershey Co. and Hain Celestial Group Inc. will have started their jobs in March 2014 or later. In the past few weeks, the CFOs for ConAgra Foods Inc., Hormel Foods Corp., Kellogg Co. and Snyders-Lance Inc. said their CFOs would be stepping down by year-end.
“More packaged food CFOs are departing in 2016 than in any year since 2007, and the year is not yet half over,” J.P. Morgan wrote in a Monday note.
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