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Nomad Foods Names P&G's Samy Zekhout As New CFO

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Frozen food manufacturer Nomad Foods has appointed Samy Zekhout as its new chief financial officer, effective April 2018.

Zekhout joins the company from consumer goods giant Procter & Gamble, where he held various finance roles across a 30-year career, and was most recently CFO and vice president of global grooming.

“Samy is a talented finance executive with global experience and a proven track record of unlocking value and integrating acquisitions within large consumer product portfolios," said Stefan Descheemaeker, CEO of Nomad Foods.

"We look forward to his contributions as we enter the next phase of our growth strategy.”

Business Growth

Last month, Nomad announced that it is acquiring Green Isle Foods, which operates the Goodfella's Pizza brand, for approximately €225 million.

The deal will see the company add the frozen pizza business to its portfolio, which includes frozen food brands such as Bird's Eye, Iglo and Findus.

Nomad Foods reported revenue of €459 million in the third quarter of its financial year, representing growth of 4.4%, and is set to release its full-year results in March.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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