Raisio Chief Executive Matti Rihko Steps Down
The chief executive of Raisio, the Finland-based company that owns the Benecol dairy products brand, Matti Rihko, has resigned from his position.
Rihko has held the position of CEO at Raisio since November 2006. According to a company statement, the plc's Board of Directors 'will begin immediately the search process for a new CEO'.
“The Board of Directors wants to thank Matti Rihko for his ten years’ term and his excellent work for Raisio’s renovation and internationalization," said Matti Perkonoja, Chairman of the Board of Directors.
"Since 2006 Raisio shareholders have nearly tripled the value of their investment due to the share price increase and the nine years of increased dividends. We wish Matti Rihko the best of success in his future endeavours.”
Jarmo Puputti has been appointed the group's temporary CEO, until a new chief executive is found.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. To subscribe to ESM: The European Supermarket Magazine, click here.