Saputo Inc. Announces CEO Transition

Saputo Inc. Headshots of Lino Saputo and Carl Colizza

MONTREAL — Saputo Inc. has announced its plan for executive leadership succession. Lino A. Saputo, Chair of the Board, president and CEO, will transition to the role of executive Chair of the Board, effective Aug. 9, 2024.

As part of the transition, Carl Colizza, currently president and COO (North America) has been appointed the company’s new president and CEO. Since joining Saputo in 1998, Colizza has held key leadership positions in the area of engineering, operations, business development and strategy. He was appointed president and COO, Dairy Division (Canada) in 2015 before taking on the role of president and COO (North America) in 2019.

“As I will be transitioning to the position of executive Chair, my role will shift into a new capacity more focused on strategic oversight, continuing to promote the Saputo vision and values, and supporting the leadership team. As the company’s largest shareholder, Jolina Capital is committed to Saputo for the long-term, and we fully support Carl’s nomination as president and CEO,” says Saputo. “I’m proud of what we’ve accomplished together, and I’m excited to continue supporting Carl and the entire Saputo team in achieving even greater success in the years to come. Carl is an extraordinary business leader who is well-respected across our industry and has a strong track record of leading global teams. He has deep roots within Saputo and has played a pivotal role in developing our strategy and improving our business.”

“I’m honoured to lead Saputo and our talented team with Lino’s support, building upon the foundation we’ve established over the past seven decades,” says Colizza. “For more than 25 years, I’ve had the privilege of working alongside Lino, whose commitment to Saputo’s culture, our people, and the communities we serve is truly extraordinary. I’m excited to continue advancing Saputo’s business and delivering on the incredible opportunities we see ahead.”

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