Torben Dahl Nyholm appointed Arla Foods CFO

By Jim Cornall

- Last updated on GMT

Arla Foods has appointed its new chief financial officer from within the company. Pic: Arla Foods
Arla Foods has appointed its new chief financial officer from within the company. Pic: Arla Foods

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Arla Foods has announced the appointment of Torben Dahl Nyholm, 38, as its chief financial officer, with immediate effect.

Torben Dahl Nyholm currently heads Arla’s Performance Management function and has been reporting directly to CEO Peder Tuborgh since the departure of former CFO, Natalie Knight, earlier this year.

Tuborgh said, “I am delighted to appoint Torben as our CFO and welcome him to my Executive Management Team (EMT). He is an outstanding young leader who has already shown our board of directors and colleagues the strength of his financial governance and the depth and breadth of his understanding of not only our business but also our co-operative as he has worked with me and my EMT to safeguard the safety of our people, operations and finances during what is the most testing global crisis that businesses have faced for many generations.”

As CFO, Nyholm has executive responsibility for the company’s finance, legal and IT functions.  He joined Arla in 2012 after working for several years in the M&A advisory industry. Starting out in Arla as a Business Controller in group finance, he has subsequently held project and leadership roles across the finance organization, focusing mainly on the interface between finance and strategy.

As head of performance management, Nyholm has worked closely with the EMT and board of directors on the company’s long-term financial outlook and strategy, its Calcium transformation program, and the short-term delivery of financial results. The role also requires high levels of collaboration with the company’s commercial, supply chain operations and corporate functions.

Nyholm said, “I am excited, but at the same time humble about stepping into the role as CFO for Arla Foods – a great company where I have been fortunate to work for the last eight years. I look forward to working with my great colleagues in our collective endeavor to continue to grow Arla Foods and create value for our farmer owners, by bringing loved brands and great products to our consumers around the world.”

Nyholm holds an M.Sc. in finance and international business from Aarhus University, where, earlier in his career he also lectured part time in corporate valuation. Married to Rikke, they have two children and live in the Silkeborg area west of Aarhus.

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