Milwaukee-based Sensient Technologies Corp. has hired Sam Lteif as president of its flavors business.
Lteif will report to Paul Manning, president and chief executive officer of Sensient, and will be responsible for leading the global flavors business.
He has 23 years of consumer packaged goods experience, most recently serving as general manager and chief executive officer of Muller Quaker Dairy, a joint venture between PepsiCo Inc. and Muller Group of Germany. Lteif worked at PepsiCo for 14 years.
“I am very pleased to add an executive of Sam Lteif’s caliber to run Sensient’s Flavors business,” Manning said. “Sam brings a customer’s perspective to Sensient and his extensive consumer products experience will help us more effectively execute our strategic shift to value-added customer solutions.”
Sensient has made a number of changes recently following an indication that hedge fund FrontFour Master Fund Ltd. would attempt a hostile board takeover at its April 24 annual meeting of shareholders.
Since FrontFour’s announcement, the color, flavor and fragrance manufacturer has created a new independent lead director position, changed its long-term equity incentive compensation plan and announced a restructuring that will eliminate underperforming operations, improve efficiencies and consolidate manufacturing facilities. It has urged shareholders to reject the takeover attempt.
