SunOpta appoints Diamond Foods executive David Colo as CEO

SunOpta

06/02/2017 13:12

Feb 6 (Reuters) - SunOpta Inc  SOY.TO   STKL.O  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 
Foods.  urn:newsml:reuters.com:*:nBw3Sp7qxa 
    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. 
 urn:newsml:reuters.com:*:nL3N1CD320 
    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 
Chakrabarty) 
 ((Komal.Khettry@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 99 1694 7070; Reuters Messaging: 
Komal.Khettry.thomsonreuters.com@reuters.net)) 
 
Keywords: SUNOPTA MOVES/CEO