Saputo Inc. Approves Dividend, Payable on March 13, 2020; Announces Executive Changes
February 06, 2020 at 10:43 am EST
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Saputo Inc.'s Board of Directors approved a dividend of $0.17 per share payable on March 13, 2020, to common shareholders of record on March 3, 2020.
The company to announce that Mr. Richard Wallace will be appointed as President and Chief Operating Officer of Saputo's Dairy Division (Australia), effective April 1, 2020. He will continue to report to Mr. Kai Bockmann, President and Chief Operating Officer, Saputo Inc. and International Sector. Mr. Wallace currently holds the position of Senior Vice President, Operations, Dairy Division (Australia). He joined Warrnambool Cheese and Butter Factory Company Holdings Limited in 1996, where he held a number of key management positions prior to its acquisition by Saputo. The company also announced that Mr. Carl Colizza, President and Chief Operating Officer (North America), will, in addition to his current duties, take the leadership of the Dairy Foods Division (USA) on an interim basis, effective April 1, 2020. As previously announced, Mr. Paul Corney, the current President and Chief Operating Officer, Dairy Foods Division (USA), had advised that he would retire after 47 years in the dairy industry, including almost 20 years with Saputo. Mr. Corney will ensure the transition until his retirement in July 2020. Mr. Colizza will continue to report to Mr. Bockmann.
Saputo Inc. produces, markets, and distributes an array of dairy products, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products, and dairy ingredients. It has four geographic sectors, including Canada, United States of America (USA), International and Europe. The Canada Sector consists of the Dairy Division (Canada), which produces, markets and distributes in Canada a variety of cheeses, including mozzarella and cheddar, specialty cheeses, fine cheeses and other cheeses. The USA Sector consists of the Dairy Division (USA), which produces, markets and distributes an assortment of cheeses, including mozzarella, American-style and specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese and romano. The International Sector comprises the Dairy Division (Australia) and the Dairy Division (Argentina). The Europe Sector consists of the Dairy Division (UK), which produces, markets and distributes cheeses, butter, spreads and oils.
SAPUTO INC. 
