Feb 6 SunOpta Inc named
Diamond Foods Inc executive David Colo as chief executive
officer on Monday, months after the Canadian organic food
company concluded a strategic review of its business.
Colo, whose appointment is effective Feb. 6, was most
recently chief operating officer at Kettle chips maker Diamond
SunOpta, whose brands include Nature's Finest and Sunrich
Naturals, said interim CEO Katrina Houde would continue on the
company's board. Houde took on the role after Hendrik Jacobs
resigned in November.
Brampton, Ontario-based SunOpta hired financial and legal
advisers in June to explore strategic alternatives, bowing to
pressure from top shareholder Tourbillon Capital Partners LP.
The company said in October it concluded the review with an
$85 million investment from Oaktree Capital Management LP to pay
off its second-lien debt.
(Reporting by Komal Khettry in Bengaluru; Editing by Saumyadeb