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Post Holdings Appoints Greg Pearson as President and CEO of Consumer Brands Division
Post Holdings has announced the appointment of Greg Pearson as the new president and CEO of its consumer brands division, which includes popular products such as Honey Bunches of Oats and Fruity Pebbles. Pearson, who will assume his new role in April, will be taking over from Nicolas Catoggio, who recently transitioned to the position of chief operating officer.
Pearson brings with him a wealth of experience, having previously served as CEO of Compana Pet Brands. His background also includes roles at Chewy, Conagra Brands, General Mills, and Pretzels Inc., which was later acquired by Hershey.
Strategic Focus on Pet Food
In recent years, Post’s consumer brands division has seen significant growth in the pet food sector, following a major deal with J.M. Smucker. This strategic focus has positioned Post as a key player in the pet food market, with brands such as 9Lives and Kibbles ’n Bits under its umbrella.
Post Holdings CEO Rob Vitale expressed confidence in Pearson’s ability to lead the division, citing his extensive experience in the grocery and pet food industries. Vitale believes that Pearson is well-equipped to navigate the challenges facing the company, particularly in light of current consumer spending trends.
Adapting to Changing Market Dynamics
Pearson’s appointment comes at a time of economic uncertainty, with inflationary pressures impacting consumer behavior. Post and its competitors are facing challenges as consumers seek value in their purchases, a trend that is also evident in the pet food market.
Despite these challenges, Post remains committed to driving growth and innovation within its consumer brands division. The company’s recent financial results indicate a slight decline in net sales, reflecting the broader market dynamics at play.