Oatly Names Marie-Jose David Chief Financial Officer
July 10 2023 - 6:30AM
Oatly Group AB (Nasdaq: OTLY)(“Oatly” or the “Company”), the
world’s original and largest oat drink company, today announced the
appointment of Marie-Jose David as Chief Financial Officer (CFO),
effective October 1, 2023. Ms. David will lead Oatly’s global
finance function, reporting directly to Oatly’s CEO Jean-Christophe
Flatin. She succeeds Christian Hanke, who has served as CFO since
2020. Mr. Hanke, who assisted in the search process, has chosen to
step down from the company and will continue to serve as CFO
through September 30 to support the transition.
"I am delighted to welcome Marie-Jose to lead our global
financial team as we enter our next phase of growth," said Mr.
Flatin. "We believe her impressive global and operational
experience in scaling world-class and high-growth consumer brands
will help Oatly as we expand into new markets, pursue profitable
growth, and help convert more people to plant-based
consumption.”
Ms. David brings more than two decades of global finance and
leadership experience to Oatly, including significant operational
experience with consumer brands. She most recently served as Chief
Financial Officer at Mars Veterinary Health International, a
division of Mars Petcare. Prior to Mars she was CFO Americas for
Pandora, the world’s largest jewelry brand and Vice President,
Finance for a professional product division unit at L’Oreal
USA.
"I am excited to join the impressive, mission-led team at
Oatly," said Ms. David. "Oatly is a values-driven, iconic brand
redefining the global food system for the sake of our planet. I
look forward to working with Jean-Christophe and the entire team to
leverage Oatly’s innovative and great-tasting plant-based product
portfolio to drive long-term growth and shareholder value."
"I would like to thank Christian for his service to Oatly,
including his leadership and contributions on public company
readiness, our IPO process and most recent fundraising effort,"
added Mr. Flatin. "His commitment and financial stewardship have
been instrumental to the growth and global expansion we’ve achieved
over the last several years, and he leaves the company in a
position to continue its mission to convert more consumers to
plant-based. We look forward to continuing to work with Christian
through the transition process.”
About OatlyWe are the world’s original and
largest oat drink company. For over 25 years, we have exclusively
focused on developing expertise around oats: a global power crop
with inherent properties suited for sustainability and human
health. Our commitment to oats has resulted in core technical
advancements that enabled us to unlock the breadth of the dairy
portfolio, including alternatives to milks, ice cream, yogurt,
cooking creams, spreads and on-the-go drinks. Headquartered in
Malmö, Sweden, the Oatly brand is available in more than 20
countries globally.
Forward looking statements This press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any express or
implied statements contained in this press release that are not
statements of historical fact may be deemed to be forward-looking
statements, including, without limitation, the changes to executive
management, as well as statements that include the words “expect,”
“intend,” “plan,” “believe,” “project,” “forecast,” “estimate,”
“may,” “should,” “anticipate,” “will,” “aim,” “potential,”
“continue,” “is/are likely to” and similar statements of a future
or forward-looking nature. Forward-looking statements are neither
promises nor guarantees, but involve known and unknown risks and
uncertainties that could cause actual results to differ materially
from those projected, including, without limitation: general
economic conditions including high inflationary cost pressures; our
history of losses and inability to achieve or sustain
profitability; the impact of the COVID-19 pandemic, including the
spread of variants of the virus, on our business and the
international economy; any failure to obtain necessary capital when
needed on acceptable terms; a cybersecurity incident or other
technology disruptions; changing consumer preferences and our
ability to adapt to new or changing preferences; and the other
important factors discussed under the caption “Risk Factors” in
Oatly’s Annual Report on Form 20-F for the year ended December 31,
2022 filed with the SEC on April 19, 2023 and other filings with
the SEC as such factors may be updated from time to time. Any
forward-looking statements contained in this press release speak
only as of the date hereof and accordingly undue reliance should
not be placed on such statements. Oatly disclaims any obligation or
undertaking to update or revise any forward-looking statements
contained in this press release, whether as a result of new
information, future events or otherwise, other than to the extent
required by applicable law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/875fbacf-14d4-4c63-87c0-733853bb483f
Contacts
Oatly Group AB
+1 866-704-0391
investors@oatly.com
press.us@oatly.com
Oatly Group AB (NASDAQ:OTLY)
Historical Stock Chart
From May 2024 to Jun 2024
Oatly Group AB (NASDAQ:OTLY)
Historical Stock Chart
From Jun 2023 to Jun 2024