McCain Foods Limited’s Board of Directors has unanimously approved the appointment of Max Koeune to the role of President and CEO effective November 1st, 2017.
Koeune will succeed Dirk Van de Put, who is leaving the business after seven years in the role of President and CEO. His new role is CEO of Mondelēz International, Inc., a multinational confectionery, food and beverage company based in Illinois.
Koeune will assume the role of CEO-designate immediately, and then the role of President and CEO in November 2017. Koeune joined McCain Foods as Chief Financial Officer in 2012 and through his leadership, financial management has greatly progressed. He has played a lead role in the development and delivery of a very successful global growth and transformation strategy, organically and through acquisitions.
During Van de Put’s six-year tenure as CEO, he grew net sales by more than 50 per cent, generating more than 75 per cent of that growth organically, with EBITDA (earnings before interest, tax, depreciation and amortization) growing double digits each of the last six years.
McCain Foods Limited is the world’s largest manufacturer of frozen potato products, employing approximately 20,000 people and operating 51 production facilities on six continents. A privately-owned company based in Canada, founded by four sons of potato farmer Andrew McCain in Florenceville, N.B in 1957, McCain generates annual sales in excess of $9 billion. The company’s products can be found in restaurants and retail stores in over 160 countries around the world.