Steven Cahillane to replace John Bryant as Kellogg CEO
By Annie Gasparro and Joann S. Lublin
Another food company picks an outsider to lead it
Kellogg Co. chose an outsider as its new chief executive, becoming the fifth major food and beverage company to name a new leader in a tumultuous year for the industry.
Steven Cahillane, the 52-year-old CEO of health-and-wellness company Nature's Bounty Co. and a former Coca-Cola Co. executive, will succeed Kellogg CEO John Bryant next week.
Bryant said Cahillane's experience running a company that sells natural and organic supplements will help Kellogg (K) expand its own health-conscious product offerings. "Steve can hit the ground running on Monday," Bryant, 51, said in an interview. Kellogg wouldn't make Cahillane available for an interview.
Kellogg board members hope Cahillane can quickly reignite sales growth, a person familiar with the company said. "The biggest challenge, obviously, is accelerating growth again on the top line," because Kellogg already has cut costs and made significant acquisitions, the person said.
An expanded version of this report appears on WSJ.com (https://www.wsj.com/articles/kellogg-ceo-john-bryant-to-step-down-1506603901?mod=mktw).
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