Oatley Names Jean-Christophe Flatin, Formerly Mars President, As New CEO, Reports Strong Global Growth – Vegetarian

Oatly Group AB (Nasdaq: OTLY), the world’s largest oat drink company, today announced that Global President Jean-Christophe Flatin has been named the company’s next CEO, effective June 1, 2023. Meanwhile, the Swedish oat giant said it is on track to make a profit in 2024, with total revenue rising to $29.5m compared to $166.2M for Q1 2022, following strong global revenue growth in Q1.

“We had a solid start to the year with growth accelerating, gross margin expansion on track and profitability improving. Importantly, the supply chain continued to perform well. This strong supply chain performance has enabled us to make progress against our 2023 priorities and start playing offense again,” said current Otley CEO, Tony Peterson.

Peterson, who has served as CEO since 2012, will step into the role of co-chairman of the board of directors. In his new role, Peterson will provide support to Mr. Flatin during the transition period and focus on strategic initiatives, including advising on Otley’s business in China.

Oatly partners with SWISS Airlines to offer its vegan Caffè Latte
© Oatley

The new CEO comes to the company in 2022 with more than 30 years of experience at Mars, where he led the multi-billion dollar growth of Royal Canin’s cat and dog food business as Global CEO and President, and managed multiple global brands as President of the Global Chocolate Division. Otley said in a press release that, over the past twelve months, Flatin has led a number of initiatives for Otley, including simplifying the company’s organizational structure, driving cost and resource efficiencies across all regions, and establishing a new operating model to drive profitable future growth. stage

“I am humbled and honored to have the opportunity to lead this great organization. Oatly is a generational company with a team, purpose, and products that are second to none. We have all the ingredients to strengthen our leadership position in multiple markets and fuel the societal transition to a more sustainable plant-based food system,” comments Flatin.

From Otley Bar
© Oatley

“I would like to thank Tony and the board of directors for their trust and confidence and our staff for welcoming me so warmly. I am excited to continue to partner with our entire leadership team to unlock Oatley’s full potential and drive long-term shareholder value,” he added.

Tony Peterson said: “Jean-Christophe is a proven leader and the ideal person to help Otley in our next phase. He has already strengthened our company by strengthening our supply chain, renewing our focus on innovation, and enabling our organization to go on offense to drive profitable growth.

“I’m incredibly proud of what Oatly has accomplished as a company over the past decade –– creating an entirely new category, growing our portfolio of innovative products, and establishing a global brand with a uniquely unique identity and voice. I look forward to continuing to work with Jean-Christophe, the Board and the entire Otley team to realize our long-term mission to make it easier for people to live healthier lives without recklessly taxing the planet’s resources.”

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