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WBC reworks its management following takeover

Warrnambool Cheese and Butter Factory Company (WBC) has announced a number of changes to its management and board, following Saputo’s takeover.

WBC has announced that Kai Bockmann, will assume the role of WCB's President and Chief Operating Officer.

Bockmann is currently the President and Chief Operating Officer of Saputo Inc.'s Dairy Division (International), will assume the new role on 1 April 2015.

The company announced months ago that WCB's Chief Executive Officer, David Lord, would be stepping down from his current position as of 1 April.

Bockmann has been with Saputo Inc. in his current function since January 2012.

He will take on his new role with WCB as part of his current responsibilities as President and Chief Operating Officer of Saputo Inc.'s Dairy Division (International). As such, Bockmann will continue to be employed by Saputo Inc.

Furthermore, WCB's Chief Financial Officer, William Hannah, will be stepping down on 1 July 2015, when Paul Moloney, currently Company Secretary, will be appointed as Vice President, Finance and Administration, Chief Financial Officer and Company Secretary and will report to Bockmann.

Finally, Richard Wallace, currently General Manager – Operations, has been appointed to the position of Senior Vice President and General Manager of WCB, effective as of 5 January 2015. In his new role, Wallace will oversee operations, milk supply, domestic sales, human resources and corporate development.

In April, as a result of its 87.92 percent stake in Warrnambool Cheese and Butter Factory, Saputo requested a number of changes to the company’s constitution, including the restructure of the WCB Board.

These changes were considered at the General Meeting on 9 May and it was decided that all current directors and associate directors will resign from their positions, with Terry Richardson, Bruce Vallance and Neville Fielke standing for re-election.

In August, Lino Saputo Jr, the chief executive of Saputo, said he is hoping to see 10 percent more milk every year.

 

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