Saputo announces transition plan for president, CEO in August

Saputo Inc. says its president and CEO Lino Saputo plans to transition to the role of executive chair of the board.

The Montreal-based dairy processor says the transition will take effect Aug. 9, the date of the company's annual general meeting.

Saputo says Carl Colizza, the company's current president and chief operating officer for North America, will take the top job in August.

Colizza has been with Saputo since 1998, and in his current role since 2019.