Saputo Creating New Ingredients Division as Part of Organizational Evolution

09:07 AM EDT, 09/23/2026 (MT Newswires) -- Saputo (SAP.TO) is creating a dedicated Ingredients Division, it said Wednesday as it detailed changes to its organizational structure. The company appointed Steve Douglas as chief operating officer, Ingredients. He will also remain chief operating officer, Dairy Division (UK), until the completion of the sale of the Dairy Division (UK), added the company. The dairy-products company also created the role of Chief Enterprise Transformation Officer, and appointed Haig Poutchigian to the role, it said. The company also appointed Dave Paradis as chief operating officer, Dairy Division (Canada), it added. "As Saputo continues to evolve its portfolio and invest in growth opportunities, it is important that our organizational structure evolves alongside our business," said Chief Executive Officer Carl Colizza. "These changes are intended to increase organizational focus, strengthen accountability, and improve execution across key strategic priorities." The company's shares close up CA$0.20 to CA$40.05 Tuesday on the Toronto Stock Exchange.