Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) has announced the retirement of Waltherus Matthij as the company's CEO and the appointment of Patrick Stillhart as the new CEO as of 1 November 2021.

With over 23-year experience in the branded food FMCG industry, Stillhart has occupied several senior positions in Nestlé, Cereal Partners Worldwide, and DKSH, according to a bourse filing on Thursday.

The new CEO covered various businesses across the Asia Pacific, Middle East, Africa, and European markets, including cereals, coffee, confectionery, and ice cream businesses.