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Pladis Chief Executive Karakas Steps Down

Published on Sep 24 2018 8:59 AM in A-Brands tagged: Godiva / Yildiz Holding / Turkey / McVitie’s / Pladis

Pladis Chief Executive Karakas Steps Down

The chief executive of Pladis, the snacking arm of Turkish conglomerate Yildiz Holding, has stepped down from his position.

Just Food reported that Cem Karakas has stepped down from the role of chief executive ‘with immediate effect’, as well as taking a ‘leave of absence’ from his secondary role as deputy chairman.

Pladis, which is the parent company of McVitie’s biscuits and Godiva chocolates, cited ‘family health reasons’ for the decision, according to Just Food.

The chairman of the group’s UK arm, Jim Zaza, will take on the role of CEO on an interim basis, according to the company.

The board has commenced a formal selection process to find a permanent replacement for Karakas as CEO.

Karakas was appointed CEO of Pladis in 2016, following the segment’s establishment by Yildiz Holding.

© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: European Supermarket Magazine.

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