- Strong signs for push-out forces
- After a few months on the job
- Thanks and good wishes for Sliva
- Dennis Riordan to take over in the interim
- Search for a successor
(management-change.com) — Oak Brook, Illinois, November 03, 2016 — Chris Sliva, President of TreeHouse, leaves. As announced by TreeHouse Foods, Inc. in a news release and in a regulatory filing published on Thursday, November 03, 2016, Christopher D. (Chris) Sliva leaves the post as President at the food processing company in a surprising move after a few months on the job.
The exact date of Sliva’s departure was not specified. Obviously, it was an abrupt change.
TreeHouse will undertake a search for a successor.
Sliva’s duties are taken over in the interim by Dennis F. Riordan, most recently Chief Financial Officer at TreeHouse Foods, Inc.
TreeHouse Foods, Inc. still listed Sliva as President on its leadership page.
“To pursue another career opportunity”
Sliva’s departure is explained as follows. TreeHouse said: Christopher D. Sliva “has tendered his resignation as President in order to pursue another career opportunity”.
The phrase “to pursue another career opportunity” is often used in corporate announcements and opens the door to speculation.
Precise information about the future plans of Sliva was not immediately available.
Share price decline
The change follows a decline in the share price of TreeHouse Foods, Inc. since August 2016.
Chaired by Sam Reed
TreeHouse Foods, Inc. is chaired by Sam K. Reed.
Sam K. Reed, age 69, is the Chairman of TreeHouse Foods’ Board of Directors. Reed has served as TreeHouse Foods’ Chief Executive Officer since January 2005 and President from July 2011 to August 2016.
On the job as President since 2016
Christopher D. Sliva has been the President of Treehouse Foods, Inc. since August 4, 2016.
Christopher D. Sliva joined TreeHouse in July 2012.
Prior to coming to TreeHouse, Sliva held various positions for Dean Foods from March 2006 to June 2012, including Chief Commercial Officer for the Fresh Dairy Direct Business from February 2011 to June 2012, and President and Chief Operating Officer of the Morningstar subsidiary from December 2007 to February 2011.
From 2006 to 2007, Sliva served as Chief Customer Officer for WhiteWave Foods.
Sliva held various positions for Eastman Kodak Company located in Atlanta, Georgia between March 2000 and February 2006, including Vice President and General Manager, Consumer Printing from 2003 to 2006; Vice President of Sales, North American Consumer Division from 2001 to 2003; and, Vice President and General Manager, Kodak Retail Services from 2000 to 2001.
Prior to his service at Eastman Kodak Company, Sliva held a variety of sales and marketing positions for Fort James Corporation from 1992 to 2000, and for Procter and Gamble Distributing Company from 1985 to 1992.
Sliva holds a B.S.B.A. degree from Washington University.
Strong signs for push-out forces
It is not completely certain what forces eventually triggered Chris Sliva’s move.
The Push-out Score™ determined by management-change.com suggests strong signs for push-out forces that may have contributed to the management change.
Read the full story in the management-change.com report 41.2016 ($).