September 29, 2022

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Chobani Names New CFO, Company Advancement Chief As It Builds Tomorrow’s Food items Business

5 min read

NORWICH, N.Y., Dec. 22, 2020 /PRNewswire/ — Chobani these days introduced that veteran finance executive Jody Macedonio will serve as Main Money Officer, effective Dec. 28, 2020.

Macedonio, who will report to Chobani President & COO Peter McGuinness, is becoming a member of Chobani at an enjoyable time as it enters and grows in 4 classes: plant-primarily based oat milks, dairy & plant-centered oat creamers, purposeful wellness beverages, and a new probiotic yogurt portfolio. This comes as Chobani continues to expand by double digits in complete greenback sales in grocery shops1 and on-line.

Particularly, Chobani’s yogurt enterprise is also growing double-digit and proceeds to outpace the yogurt group1 by more than twofold.

In oat milk, Chobani is now the #2 model in US Meals marketplace share in just eight months given that its start2 and exceeded its system by about 100% in income.

To aid aid this progress, Chobani’s interim CFO Michelle Brooks will continue her function as Treasurer and acquire on the newly produced position of Main Enterprise Enhancement Officer. Brooks remains on the Govt Management workforce, reporting to Macedonio.

“As we make the subsequent technology food firm, we’re setting up the leadership team who will enable us make it come about. Jody brings deep operational finance management expertise. She has a passion for food stuff and beverage, she loves a challenge, she’s super-collaborative and incredibly growth-driven,” explained McGuinness. “Michelle’s new leadership role is central to our development system as a modern-day foods company. With each other, Jody and Michelle are a formidable mixture.”

Irrespective of the challenges of the world COVID-19 pandemic, Chobani expended 2020 investing in its people today, communities and innovation. Chobani donated additional than 7 million merchandise to food banks coastline to coast, turned its cafe into a foodstuff pantry, retained its workforce protected and supported and its crops functioning 24/7 even though giving exclusive benefits to its essential workers like extra quarterly bonuses and day by day childcare stipends. The business also a short while ago declared a motivation to a starting wage of $15 an hour, much more than double the federal minimum wage. This financial commitment delivers its ordinary wage to $19 an hour for its essential staff. For the duration of this time, Chobani has also introduced in excess of 50 new goods across 4 groups continuing to bring improved food stuff to additional people.

Each Macedonio and Brooks have a dedication to Chobani’s values and expansion society together with deep small business encounter.

Macedonio has additional than 20 several years of world wide expertise as a finance government in the buyer items industry. Most recently she served as the CFO of 8th Avenue Meals & Provisions, a PE backed CPG business affiliated with Submit Holdings and prior to that CFO of Dean Food items.

Quickly soaring as a result of the ranks in senior finance roles at multi-nationals like Henkel AG, PepsiCo, Nestle, and SmithKline Beecham, she’s led complex turnarounds, productivity initiatives, restructurings and huge-scale write-up acquisition integrations.

“Chobani has produced extraordinary strides in a short period of time of time – as a brand name, there is no much better area to be in foodstuff. Expansion through innovation has been impressively clever and nimbly executed. I appear ahead to becoming a member of the workforce to assist generate continued, strategic growth as Chobani broadens its portfolio to further food types,” mentioned Macedonio. “With its people today-initial society, and Chobani’s philosophy of investing in its employees, creating extra healthy food much more accessible to all and meaningful aid for its communities, I’m unbelievably fired up and grateful to be a portion of the Chobani family.”

Macedonio is a Board Director for 4word, a countrywide non-gain firm for specialist women exactly where she enjoys mentoring and is an ardent advocate for variety and inclusion. She and her spouse Mark have two grown children who reside in Austin, TX and Los Angeles, CA.

Brooks’s new position as Chief Enterprise Progress Officer demonstrates her exceptional expenditure experience and her wide-based mostly company acumen. Brooks will carry on to perform a important position in representing Chobani with its loan company local community and guide new ventures to supply even additional general performance and development.

“Michelle has been extremely instrumental in assisting us accomplish astounding expansion, notably in 2020. Her determination and enthusiasm for Chobani’s mission exists in everything she does, and we are so grateful she has recognized this new leadership part,” reported McGuinness.

Chobani a short while ago declared the debut of the new Entire world of Chobani Probiotics, a range of organic oat-dependent practical probiotic drinks and a total portfolio of dairy based probiotic yogurts and beverages, young children pouches and shakes all with a distinctive blend of immune supporting probiotics. Chobani also added new objects to the company’s batch-produced oat milk system, together with the vegan-helpful Chobani® Oat Zero Sugar3 with grams of sugar and two new Chobani® Oat Espresso Creamers.

For additional information and facts about all Chobani goods, remember to go to http://www.chobani.com.

About Chobani
Our founding mission was “better food for far more people” but about a decade afterwards, as we have grown from a yogurt corporation to a food stuff-concentrated wellness firm, Chobani has expanded its guiding eyesight to attain dietary, social, and environmental wellness. Main the change is Chobani’s ambition “to make universal wellness materialize faster.” In brief, Chobani utilizes food items as a pressure for fantastic for all, concentrating philanthropic endeavours on humanity and giving a portion of the company’s annual income to assistance the wants of our communities. As the maker of America’s No. 1-selling Greek Yogurt model, Chobani has since expanded its portfolio to involve oat milks, non-dairy probiotic beverages, and dairy- and plant-dependent creamers. All Chobani products and solutions are kosher accredited, consist of stay and energetic cultures, and are produced without any artificial flavors, sweeteners, or preservatives. Chobani items are available nationwide through North The usa, with producing in Australia, and distribution in Asia and Latin The united states. For extra facts, make sure you check out www.chobani.com and www.fb.com/chobani

1 Resource: Nielsen U.S. Foods, Constructing Calendar 12 months 7 days ending 12/12/20
2 Resource: Nielsen U.S. Food stuff, Making Calendar calendar year 7 days ending 12/13/20
3 Not a small calorie foodstuff

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Source Chobani, LLC

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