Dive Brief:
- Chobani Inc. is considering taking on Kevin Burns, an executive from private equity firm TPG, which invested $750 million a year ago into the Greek yogurt company.
- Burns already holds interim positions as president and COO, but Chobani is looking to expand his role in those capacities.
- Burns has already seen success in his interim, including improvements in "procurement, distribution, capital expenditures and plant operations."
Dive Insight:
According to The Wall Street Journal, Burns currently oversees "TPG’s Global Operations group, a stable of roughly 40 executives who work with managers at the companies in which TPG invests to improve their operations." Investors groups have been making headway into the food industry, recently including 3G and its Kraft-Heinz merger. 3G has already worked to trim down Heinz, as 3G tends to do with the companies it acquires, so Kraft mat be next.