Milk Specialties Global (“MSG”), a leading nutritional ingredients manufacturer, announced the appointment of Dan Nisser as Chief Financial Officer. Effective immediately, Mr. Nisser succeeds Tim Preuninger following his decision to retire. Mr. Preuninger will remain with MSG until September 2024, to help ensure a smooth transition.
Mr. Nisser brings more than 30 years of progressive experience in finance and operations management within global multi-billion-dollar organizations to MSG. Most recently, he served as Group Vice President, CFO, Ag Services and Processing, at Archer-Daniels-Midland (ADM), a global leader in both human and animal nutrition, with responsibilities involving a significant portion of the company’s global revenue of $94 billion in the most recent fiscal year. Throughout his career, Mr. Nisser has crafted, developed and instituted new organizational structures that led to significant growth in profitability. Notably, under his leadership at ADM, the divisions he was involved with doubled operating profit to more than $5 billion.
“Dan is a proven senior finance executive in the ingredients space who has built an impressive track record over the past three decades in supporting profitable growth at multinational food companies,” said David Lenzmeier, Chief Executive Officer at MSG. “On behalf of the entire team at MSG, we are thrilled to welcome Dan to the leadership team. With his deep expertise in the food industry and international experience, we’re confident Dan will continue driving successful finance strategies at MSG as we grow.”
MSG has been producing nutrition ingredients for food and performance products for more than 80 years. Its human nutrition business and expansion into private label offerings have enabled the company to produce key ingredients for a wide range of health and nutrition products.