Published in Breaking News

Kellogg hires away CFO from US Foods

BY MiBiz Staff Friday, January 13, 2017 10:25am

BATTLE CREEK — Global food giant Kellogg Co. will be getting a new CFO next month.

Fareed Khan will join the Battle Creek-based Kellogg (NYSE: K) on Feb. 17 and take over as CFO and principal financial officer on the day after its files its annual report with federal securities regulators. 

Khan previously served as CFO at Rosemont, Ill.-based US Foods Holding Corp. (NYSE: USFD), where he helped lead the food distributor through a $1.02 billion IPO in May of last year.

At Kellogg, Khan will succeed CFO Ron Dissinger, who plans to remain with the company through 2017 “to ensure an orderly transition.”

Describing Khan as a “proven business leader” with “deep expertise and diverse background,” Kellogg Chairman and CEO John Bryant said the new CFO will “play a critical role in driving our 2020 Growth Plan.”

U.S. Foods announced yesterday that Khan was “leaving to pursue a new opportunity outside the company” effective Feb. 6, according to a statement. The company noted Khan will serve in an advisory capacity through mid February.

Khan also previously held executive positions at United Stationers and USG Corp., and served as a management consultant for McKinsey & Co.

Editor’s note: This story was clarified to note that while Khan will join Kellogg on Feb. 17, he will take over CFO duties on the day after the company files its 10-K.

Read 1634 times Last modified on Friday, 13 January 2017 16:27