Saputo Inc. Leadership Transition: A New Era Begins

Saputo Inc. Management Restructuring

In a significant shift in leadership, Saputo Inc. (TSX: SAP) has announced that Frank Guido has stepped down from his position as Chief Operating Officer (COO) effective immediately due to personal reasons. This change marks a pivotal moment for the company as it continues to solidify its position as a global leader in dairy processing.

The Leadership Transition

Carl Colizza, the current President and CEO of the company, will take on the responsibilities of the COO on an interim basis. This arrangement ensures that the company maintains its operational efficiency and strategic direction during this transition period. Colizza's extensive experience and proven leadership within the company position him well to guide Saputo through this change.

Thanking Frank Guido

Saputo Inc. expressed sincere gratitude toward Frank Guido for his years of service and commitment to the company. The leadership transition comes with best wishes for Guido's future endeavors, marking the end of an important chapter in Saputo's history.

A Glimpse into Saputo's Operations

Saputo is recognized globally as one of the top ten dairy processors, creating a diverse range of high-quality dairy products. Their offerings include cheeses, fluid milk, extended shelf-life milk, cream products, and cultured dairy items. Not only does Saputo excel in the Canadian market, but it also holds a prominent position as a dairy processor in Australia and Argentina.

Leading with Quality

In the United States, Saputo ranks among the top three cheese producers and is a leading supplier of extended shelf-life and cultured dairy varieties. Meanwhile, in the United Kingdom, it stands out as the foremost producer of branded cheese and dairy spreads, showcasing their extensive reach across international borders.

Dairy Alternatives

Alongside traditional dairy products, Saputo is also advancing into the dairy alternatives sector, which aligns with shifting consumer preferences. By broadening its product range, Saputo aims to meet the demands of a diverse customer base.

Committed to Growth and Community

Saputo's dedication to quality and innovation has been a driving force behind its growth. The company prides itself on maintaining high standards while expanding its product offerings to include both market-leading brands and private label products.

Connect with Saputo

As a publicly traded entity on the Toronto Stock Exchange under the ticker symbol “SAP,” Saputo Inc. continues to expand its footprint in the dairy industry. Stakeholders and investors are encouraged to stay updated on the company’s various initiatives through official channels like Saputo.com.

Frequently Asked Questions

1. Who has taken over as COO of Saputo Inc.?

Carl Colizza, the President and CEO, is assuming the role of COO on an interim basis following Frank Guido's departure.

2. Why did Frank Guido step down?

Frank Guido stepped down for personal reasons, and the company has expressed gratitude for his contributions.

3. What products does Saputo Inc. offer?

Saputo produces a variety of dairy products including cheese, milk, cream, and cultured dairy products, along with dairy alternatives.

4. Where is Saputo Inc. primarily operating?

Saputo operates across several markets, including Canada, the United States, Australia, Argentina, and the United Kingdom.

5. How can I contact Saputo for inquiries?

For investor inquiries, you can contact Nicholas Estrela, Senior Director, Investor Relations at 1-514-328-3117. For media inquiries, call 1-514-328-3141 or 1-866-648-5902.

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