Financial director Fareed Khan is leaving this summer at breakfast cereal maker Kellog. He is succeeded by Amit Banati, who now leads the Asia, Middle East and Africa region. The seat dance takes place on July 1, Kellogg reported when the quarterly results were published.
Kellogg increased revenue in the first quarter of this year to $ 3.5 billion. That was 3.4 billion dollars a year earlier. The growth, which was hampered by exchange rate effects, was partly achieved on our own. The acquisition of the Nigerian distributor Multipro also contributed to this.
The profit was lower than a year earlier. This amounted to 285 million dollars, compared to 444 million dollars in the first three months of 2018. According to the company, this was due to higher taxes and higher costs.
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