Netherlands-based Royal FrieslandCampina N.V., one of the world’s leading dairy firms and the parent company of FreislandCampina WAMCO, announced on Wednesday that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO).

Schumacher became a member of the Executive Board and Chief Financial Officer (CFO) of Royal FrieslandCampina in January 2015. Prior to this, he worked at Heinz in both financial and general management positions in the Netherlands, the United States, the UK and China.