Froneri announces new chairman
After more than 4 years as chairman of Froneri, Luis Cantarell has expressed his desire to step down at the end of December 2020.
Cantarell’s strategic vision, in-depth knowledge of the ice cream business as well as his energising and inspirational leadership were decisive factors in the forming and ensuing success of Froneri, a joint-venture partnership between Nestlé and PAI Partners created in September 2016. Under Cantarell’s leadership, Froneri has achieved rapid sales and profit growth, steadily gaining market shares. With presence in 23 markets, a portfolio of iconic brands and an exceptional management team, Froneri is now well-placed to achieve global leadership in the ice cream category.
To replace Cantarell, Froneri has announced the nomination of Patrice Bula, currently executive vice president at Nestlé and a Supervisory Board member of Froneri, and this since its creation. With a rich career spanning more than 40 years with Nestlé SA, of which the last 10 as executive vice president in charge of Strategic Business Units, Marketing and Sales and Nespresso, Froneri says it believes Bula has the right experience and leadership for the role.
Ibrahim Najafi, CEO of Froneri, commented: “I have much admiration and respect for Luis whose strategic vision and tireless leadership were driving forces behind the creation of Froneri. Without him, we would not be here today. I wish Luis every happiness in his retirement and I look forward to working even more closely with Patrice on the opportunities ahead.”
Mark Schneider, Nestlé CEO said: “I would like to thank Luis for having done such an exceptional job as chairman of Froneri, shaping this new company into the winning organisation it is today. We are very happy that Patrice Bula has accepted to succeed Luis. He has the perfect profile for the job and I am sure his leadership will provide Froneri with the guidance it requires to continue its successful journey.”
Frédéric Stévenin, managing partner at PAI Partners commented: “Luis’s leadership has been instrumental to the creation and success of Froneri. The business results speak for themselves and Luis can be very proud of such an achievement. Patrice has served as a director on the Board of Froneri since its inception and knows the company well. We are confident that he is the right person to lead the Board.”
This change will take place as of 1 January 2021.