TreeHouse Foods recently announced the appointment of William J. Kelley, currently SVP of Corporate and Operations Finance, to Interim Chief Financial Officer. He replaces Matthew Foulston, who after a three-month transition period will be pursuing other career opportunities. The appointment will be effective immediately.
"I have seen the company change significantly over the past three years, and I welcome the opportunity to serve TreeHouse in this important role as we continue to execute on the next phase of our strategy," said Kelley. "I also look forward to continuing to work with and lead our talented finance team."
TreeHouse has engaged an executive search firm to review candidates for a permanent CFO, according to a press release. The company will be considering both internal and external candidates.
"I want to thank Matthew for his contributions during his time at TreeHouse," said Steve Oakland, Chief Executive Officer. "He deserves a great deal of credit for helping drive the organization forward over the last three years as we streamlined our portfolio and reengineered the organization—difficult but essential tasks. As TreeHouse continues its transition to a more agile, focused, and growth-oriented enterprise, we will be best served by having a management team with expertise that aligns more closely with our future growth opportunities.”
Kelley joined TreeHouse in 2016 as Corporate Controller. Prior to that, he was Head of Global Audit for Kraft Heinz Company for two years. He also spent time as Corporate Controller and Chief Accounting Officer at Hillshire Brands. From 2010 to 2012, he was Vice President and Corporate Controller at USG Corporation. He has been in a variety of senior finance roles throughout his career, including stints at PepsiAmericas, Arthur Andersen, and Cargill. He holds a B.A. in Accounting from Clark Atlanta University and an MBA in Accounting and Strategy from the University of Chicago.
Oakland continued, adding, “I am also delighted that Bill will be stepping into an important transition role. Bill is an accomplished finance executive who has spent more than 30 years in the food and beverage industry. He has successfully led our finance transformation program and has been responsible for the company's financial plans, as well as managing profit and loss on a daily basis. We are confident he will continue to be a strong financial leader during this transition period."
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