Post Holdings has promoted Nicolas Catoggio to COO, succeeding Jeff Zadoks, who is stepping down in January. Catoggio joined Post in 2021 as CEO of its Post Consumer Brands division, which accounts for half of the company's $7.9 billion in net sales. He will oversee the company's largest segment, as well as Weetabix, Bob Evans, and foodservice operations. Catoggio's promotion may position him to replace current CEO Rob Vitale in the future.
Post Holdings, Inc. (NYSE: POST) has announced that Nicolas Catoggio, the current President and CEO of Post Consumer Brands, will assume the role of Chief Operating Officer (COO) following the retirement of Jeff Zadoks. Zadoks, who has been with the company since 2011 and served as COO since December 2022, will step down in January 2026 [1].
Under Catoggio's leadership, Post Consumer Brands has expanded its offerings into new categories, including pet food, peanut butter, and pasta, and has successfully integrated various acquired companies and manufacturing facilities. His appointment as COO positions him to oversee the company's largest segment, which accounts for half of the company's $7.9 billion in net sales [1].
Catoggio's promotion may indicate a potential succession plan for the role of CEO, currently held by Rob Vitale. Vitale stated, "Nico is a strategic leader who has led Post Consumer Brands' growth from a ready-to-eat cereal company to a multi-category organization. I am excited to work with him to continue Post's record of success" [1].
The announcement comes as Post Holdings reported strong third-quarter earnings, with shares rising 4.51% intraday. The company reported fiscal third-quarter earnings of $108.8 million, or $1.79 per share, exceeding Wall Street expectations [3].
References:
[1] https://www.marketscreener.com/news/post-holdings-announces-upcoming-executive-leadership-changes-ce7c5edcd88af22c
[2] https://www.investing.com/news/insider-trading-news/yum-brands-kfc-ceo-mezvinsky-sells-36k-in-stock-93CH-4177906
[3] https://www.ainvest.com/news/post-holdings-shares-rise-4-51-intraday-q3-earnings-beat-expectations-2508/
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