The Nero Group hires new Chief Financial Officer following Compass acquisition

The appointment sees long-serving CFO Ben Price transition to a new Chief Operating Officer role at the Caffè Nero parent company

UK-based The Nero Group has appointed former Walmart executive Morten Schott Knudsen as its new Chief Financial Officer.

Schott Knudsen joins the coffee shop group from US meat production company Pilgrim’s, where he had served as Chief Financial Officer since 2019. He previously held the same role for Walmart Asia, Danish manufacturing firm Hempel and Scandinavian communications group Cobham, and also held the post of President of Finance for Danone Asia.