Dairy giant a2 Milk Company announced on Monday that its chief financial officer, Craig Louttit, has stepped down from the position to spend more quality time with his family.
Louttit, who began working for a2 Milk in 2014, will remain with the company as the deputy chief financial officer and will continue to play a “senior and integral role” within the company. Race Strauss will join the company and take up the CFO role during the second half of FY20.
“Race is an extremely experienced finance executive with a strong packaged goods background as well as very relevant international experience, particularly in China and other Asian regions,” Jayne Hrdlicka, managing director & CEO of a2 Milk said on Monday.
“He has proven his ability to build and grow businesses across a diverse range of sectors and geographies both organically and via acquisition.”
Strauss worked for 20 years at FMCG giant, Unilever and had a stint in China, Southeast Asia and Australasia as well as in the UK.
Hrdlicka praised Louttit for his commitment to the company and said he has been “instrumental” in a2 achieving the results it has in recent years.
“Craig has been such a strong support for me and I am very pleased that we have been able to solve for Craig’s personal priorities while keeping him in a senior position in the business. I am also delighted that we have filled the CFO role with someone of Race Strauss’ calibre and experience as we continue our growth journey,” she said.
“I am delighted that I am able to continue to be a key part of the team, but without the extensive travel demands of the public company CFO role. Race will be a great addition to the team. I am looking forward to working closely with Race as we continue to develop our thinking and execution as a company firmly focused on its next stage of growth,” Louttit said.