Scalzo exits as Dean Foods' president, COO
"I want to thank Joe for his many contributions to Dean Foods," said Engles."Joe was instrumental in building the WhiteWave platform into a single winning company, and recruited and developed exceptional talent. We wish Joe well in his future endeavors as he pursues opportunities to lead a consumer packaged goods company."
Engles continued, "It has become clear to the Board, me and Joe that Dean Foods will be best served by a new structure that can move decisively and quickly to execute our strategy while maintaining an extremely tight rein on costs.
"We expect to finish out our initial $300 million cost reduction program by achieving the final $125 million or better of savings across the supply chain in 2011. Additionally, we are aggressively attacking cost at the center, with a goal of reducing our SG&A run rate by at least $30 million by year end 2011. Dean Foods has a bright future and I am confident we will deliver for shareholders, customers and our employees."