Saputo founder retiring; son adds chairman to role
MONTREAL - The founder of cheese and dairy processor Saputo Inc. is retiring next summer, handing his position as chairman to his son, who remains chief executive. The move by Lino Saputo, 79, was announced Thursday as the Montreal-based company (TSX:SAP) announced its thirdquarter results. The retirement will be effective Aug. 1, when Saputo will be 80. Also retiring after a 30-year career is chief financial officer Louis-Philippe Carriere. Lino Saputo Jr., 50, has been CEO since his father handed over the position in 2004 - 50 years after founding the company in 1954.