CEO Jean-Christophe Flatin said David’s ‘global and operational experience in scaling high-growth consumer brands’ will enable Oatly to enter new markets and achieve profitable growth
Oatly posted 18% first quarter sales growth in the three months ended 31 March 2023 to reach $195.6m | Photo credit: Oatly
Oatly has appointed Marie-Jose David as its new Chief Financial Officer, effective 1 October 2023.
David replaces Christian Hanke who will remain in post until the end of September 2023 to support the transition process.
CEO Jean-Christophe Flatin cited David’s two decades of global finance and leadership experience as key assets to drive Oatly’s expansion into new markets and pursuit of profitable growth.
She most recently served as CFO for Mars Veterinary Health International, a division of Mars Petcare, and CFO for the Americas division of Danish jewellery brand Pandora.
“I am delighted to welcome Marie-Jose to lead our global financial team as we enter our next phase of growth. We believe her impressive global and operational experience in scaling world-class and high-growth consumer brands will help Oatly as we expand into new markets, pursue profitable growth, and help convert more people to plant-based consumption,” Flatin said.
“I would like to thank Christian for his service to Oatly, including his leadership and contributions on public company readiness, our IPO process and most recent fundraising effort. He leaves the company in a position to continue its mission to convert more consumers to plant-based,” Flatin added.
Flatin was appointed Oatly CEO in June 2023, replacing Toni Petersson who had held the role since 2012.
Oatly posted 18% first quarter sales growth in the three months ended 31 March 2023 to reach $195.6m. The Malmo-based oatmilk manufacturer also narrowed its losses from $81.4m in the first quarter of 2022 to $59.3m.
Oatly, which has a current distribution reach spanning more than 20 countries globally, achieved 12% sales growth in 2022 to reach $722m.