Consumer product firms Kellogg Company and Unilever have announced changes at the head of their organisations, with cereal group Kellogg advising of their new Chief Financial Officer while Unilever reported the resignation of theirs.

Unilever said that its CFO, James Lawrence, has decided to resign from the boards of the maker of Streets and Lipton at the end of the year, just over two years after joining the firm.

“It’s been an excellent time for me and I have made many good friends among my colleagues in the company,” Lawrence said. “I’m delighted that Unilever is in such great shape for our shareholders and, having seen the company through an important period of transition, I’m now looking forward to pursuing new opportunities.”

Paul Polman, Chief Executive of Unilever, welcomed his contribution to the company.

“We’d all like to thank Jim for the valuable experience and perspective he brought to Unilever during an important period in the company’s development. We wish him well in his future endeavours.”

Mr Lawrence will make himself available in the New Year to facilitate a smooth transition to his successor who will be announced shortly, the company said.

Kellogg’s Dissinger gets a promotion

Kellogg Company announced that Ronald Dissinger would be promoted to CFO on January 3.

Dissinger, who was previously vice president and chief financial officer for Kellogg North America, will serve as a member of the company’s Global Leadership Team and report to John Bryant who had previously held the dual role of CFO and COO.

“Ron will ensure that Kellogg continues its disciplined focus on results and financial integrity while John focuses on the broader elements of the COO role to continue to strengthen our sustainable growth model,” said David Mackay, President and CEO, Kellogg Company.

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