Kellogg's CFO on the move
Newly appointed chief operating officer the first in a string of managerial restructures
John Bryant, chief financial officer at Kellogg’s, has been promoted to chief
operating officer.
A
report released by Reuters said the appointment is to form part of a series
of managerial restructurings at the cereal manufacturer.
According to Matt Arnold, analyst at Edward Jones, the move signals Bryant’s
grooming for the top job, despite the current chief executive David Mackay only
assuming the role in late 2006.
‘It certainly positions him well to be the next CEO, but there is no reason
to think it is anything that’s going to happen in the next couple of years,’ he
said.
Kris Charles, a spokesperson for the company, declined to comment on further
appointments, arguing it was a matter of internal discretion.