Parmalat S.p.A. has announced the appointment of Craig Garvin to the role of Chief Executive Officer of Parmalat Australia. Mr Garvin replaces Fabio Genitrini who, in June this year, took over from David Lord when he resigned after eight years as CEO. “Within the Australian marketplace, Mr Garvin has a strong FMCG background in well known branded companies and hospitality industry,” the Italian dairy firm said in a statement. His appointment is effective starting from 11 January, 2010.  Read More →

Dairy group Parmalat has reported revenue growth of 1.7% in the first nine months of 2009, with higher prices helping to boost sales. The Italian-based firm reported “positive results” in Australia, with EBITDA more than doubling. “Stated in Australian dollars and without counting the revenues related to the assets acquired in the third quarter (52.5 million), net revenues increased 0.6%, rising from $565.9 million in the first nine months of 2008 to $569.3 million in the same period... ...Read more »

Italian dairy firm Parmalat has seen profit fall as a result of decreased proceeds from legal proceedings relating to their 2003 collapse, while revenues were hurt by foreign exchange rates. Restated at constant exchange rates, however, Parmalat saw sales rise by 2.6 per cent in the first half. Savings from lower raw milk costs helped offset competitive pressures, the company said. “During the first six months of 2008, the Group continued to face strong competitive pressure from private labels,”... ...Read more »