Natalie Knight Withdraws As CFO From Arla Foods

On Tuesday, Northern European dairy giant Arla Foods disclosed that its chief financial officer (CFO) Natalie Knight would depart the firm on February 29, 2020.

Meanwhile, Ahold Delhaize accepted the role of executive vice president, finance, of the Dutch-Belgian retail group.

In January 2016, during Knight’s tenure as CFO, Arla Foods inched up its balance sheet. Moreover, the firm was delivering steady cash flow and net working capital.

According to the firm, it has “enabled Arla Foods to fund significant investments in developing global market positions for its brands.”

In addition, the Arla Foods Ingredients business also improved as well as increased its revenue in growth categories.

The departing officer and her colleagues played a “key role in the development and execution” of the corporation’s calcium program.

Arla also stated that it is producing significant savings. This is to supply the competitiveness of the company’s milk price and reinvest in its growth.

Additional Statements from Arla Foods

Peder Tuborgh, Arla Foods CEO commented on the news and said, “I would like to recognize and thank Natalie for the contribution that she has made to the progress of Arla Foods over the last four years.”

Tuborg confirmed that he is directing a search process. The search is to find Knight’s replacement. In addition, the timing of her move means that she will be in a position to see the achievement and reporting of Arla’s 2019 annual accounts.

Meanwhile, Knight also commented, “It has been a privilege to be CFO of such a progressive and strong co-operative as Arla Foods, and I am proud of the achievements that we have made over the last four years.”

She also added, “I wish Arla Foods and its owners every success for the future.”