The
Saputo will now serve as president in addition to his role as board chairman and chief executive.
He says Bockmann contributed to building a strong and diverse leadership team over the last 10 years.
The company has struggled in recent months as COVID-19 disruptions, labour shortages and supply chain turmoil weighed on it's bottom line.
Saputo has ushered in price increases to cope with inflation, yet the company said in November those higher prices are failing to keep up with rising costs.
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Companies in this story: (TSX:SAP)
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