Spanish Bakery Monbake Hires Reckitt Exec As Ceo

Lomba has joined Monbake aft a decade astatine Reckitt. Credit: Monbake

Monbake, nan Spain-based bakery group, has named erstwhile Reckitt head Borja Lomba Sorrondegui arsenic its caller CEO.

Lomba succeeds Aurelio Antuna, who has led Monbake since 2018 and will now presume nan domiciled of president astatine nan company.

Monbake is 1 of Spain’s largest bakery groups. It manufactures, markets and distributes its products for Spain and abroad, pinch a beingness successful much than 30 countries.

Lomba joins nan Monbake aft much than a decade astatine Reckitt. His astir caller domiciled astatine nan UK-based consumer-goods group was director-general for its operations successful Iberia.

In a statement, Lomba said: “I americium joining Monbake pinch awesome enthusiasm and excitement, astatine a cardinal infinitesimal for nan company. Monbake has tremendous maturation potential, an exceptional squad and a patient committedness to value and innovation. I look this situation pinch determination and nan extremity of continuing to create semipermanent worth for each our stakeholders.”

Private-equity patient CVC Capital Partners acquired Monbake past year. CVC purchased nan business from France-based finance institution Ardian and co-investors Alantra, Artá and Landon.

Antuna added: “In this caller shape arsenic chairman, my attraction will beryllium connected strengthening organization and firm relations, maintaining nonstop and ongoing speech pinch nan committee of directors, arsenic good arsenic deepening nan medium-term strategy and supporting cardinal firm operations.”

Over nan past 12 months, Monbake has snapped up 2 Spanish bakers: Galica-based IPASA and Murcia-based pizza-dough shaper La Nina del Sur.

Monbake, which has much than 2,000 employees, operates 10 factories. It besides has much than 230 stores.