Joseph Scalzo leaves Dean Foods
March 2, 2011
by Eric Schroeder
DALLAS — Joseph E. Scalzo, who was promoted to president and chief operating officer of Dean Foods Co. in August 2010, has left the company. Gregg Engles, chairman and chief executive officer, is assuming Mr. Scalzo’s operating responsibilities, and executives previously reporting to Mr. Scalzo now will report directly to Mr. Engles. Dean Foods said it does not intend to name a replacement for Mr. Scalzo.
“I want to thank Joe for his many contributions to Dean Foods,” Mr. Engles said. “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.
“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.”