BATTLE CREEK, Mich. -- Kellogg Co. has announced that a former executive of U.S. Foods Holdings is joining Kellogg as its chief financial officer.
Fareed Khan, CFO of U.S. Foods, succeeds Ron Dissinger, who will remain with the company in 2017. Khan's appointment is effective Feb. 17. Kellogg said he will add the title of principal financial officer the day after the company's 10-K is filed.
Khan has held the CFO position at U.S. Foods since 2013. He led the food distributor through its initial public offering (IPO) process last year. U.S. Foods has announced that Dirk J. Locascio, senior vice president, financial accounting and analysis, has been promoted to replace him. Locascio has served in a variety of finance and accounting leadership roles with the company since 2009.
Khan has also served as senior vice president and CFO of United Stationers and spent 12 years at USG Corp. in a variety of finance, business and leadership roles, including executive vice president of finance and strategy and president and CEO of USG Building Systems. His experience also includes several years at McKinsey & Co. as a management consultant in the United States and Europe.
"Fareed is a proven business leader whose deep expertise and diverse background make him the right choice as our new CFO and leader of our global finance organization," said John Bryant, Kellogg chairman and CEO. "Having served in finance leadership, as well as commercial and operational roles, Fareed will play a critical role in driving our 2020 growth plan and 350 basis-point margin expansion goal. We look forward to welcoming him to the Kellogg team."
Dissinger announced his retirement as of the end of 2016 and will stay through this year to ensure a smooth transition. Dissinger has been the CFO and senior vice president of Kellogg Co. since January 2010. He is served as a member of the company’s Global Leadership Team. He joined Kellogg in 1987 as a supervisor in general accounting for the Mrs. Smith’s subsidiary and was promoted to manager of cost accounting in 1992. He held a number of national and international leadership positions in the company.
The Kellogg Co., with more than 1,600 products such as Keebler, Special K, Frosted Flakes and Rice Krispies, is based in Battle Creek, Mich., and reported sales of $13.5 billion in 2015.
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