Kellogg Company announces new CFO

16-Jan-2017 - Last updated on 16-Jan-2017 at 15:06 GMT

The Special K manufacturer has announced that Fareed Khan will take over from Ron Dissinger as chief financial officer in February. Pic: ©iStock/abdone

Related tags Management

Kellogg Company has named Fareed Khan as its new chief financial officer and principal financial officer.

He will replace outgoing CFO Ron Dissinger, who has been with the company for almost 30 years and announced his retirement plans last year.

Khan joins the company on February 17, the day after the company’s 10-K is filed. Dissinger will remain with the company in 2017 to ensure an orderly transition.

According to John Bryant, Kellogg chairman and CEO, Khan is a proven business leader whose diverse background makes him the right choice as the breakfast giant’s CFO.

“Having served in finance leadership, as well as commercial and operational roles, Fareed will play a critical role in driving our 2020 Growth Plan and 350 basis-point margin expansion goal. We look forward to welcoming him to the Kellogg team,” he said.

Khan previously served as CFO at US Foods Holding Corp, where he helped lead the food distributor through a $1.02bn Initial Public Offering last year.

He has also held executive positions at United Stationers, 12 years at USG Corporation, and served as a management consultant in the US and Europe for McKinsey & Company.