Saputo announces management shuffle as Kai Bockmann steps down as president, COO
BNN Bloomberg
Dairy giant Saputo Inc. says Kai Bockmann is stepping down as the company's president and chief operating officer ahead of his retirement this March.
MONTREAL -- Dairy giant Saputo Inc. says Kai Bockmann is stepping down as the company's president and chief operating officer ahead of his retirement this March.
The Montreal-based dairy processor says effective immediately Carl Colizza, president and chief operating officer of North America, and Leanne Cutts, president and chief operating officer of international and Europe, will report to Lino A. Saputo.
Saputo will now serve as president in addition to his role as board chairman and chief executive.
He says Bockmann contributed to building a strong and diverse leadership team over the last 10 years.
The company has struggled in recent months as COVID-19 disruptions, labour shortages and supply chain turmoil weighed on it's bottom line. Saputo has ushered in price increases to cope with inflation, yet the company said in November those higher prices are failing to keep up with rising costs.
Jay Allen is a fan of U.S. President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas.
Another climb for oil prices sent the U.S. stock market sharply lower, as hopes collapsed for a possible cut to interest rates by the Federal Reserve.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Global oil prices will continue to rise as the war in the Middle East continues and the Strait of Hormuz remains inaccessible, according to an energy expert.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Facing a $1.4 billion deficit shortfall, the provincial government says its large-animal vet service will be privatized over the next three years.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.
Markets in Canada and the U.S. continued to trade lower while oil went up late morning on Friday as inflationary fears prevailed among investors.
Gold prices fell by 1.8 per cent on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns of higher oil prices, inflation, and with it, elevated interest rates.
Canada’s federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.
Statistics Canada says retail sales were up 1.1 per cent at $70.7 billion in January, led by sales at motor vehicle and parts dealers.
As Qatar reels from an Iranian attack that has hobbled its giant natural gas company, its boss, who doubles as the country’s energy minister, says he had warned officials and executives of just such a danger should Iran’s own sites be hit.
Top Picks from Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod