Wimm-Bill-Dann Foods has appointed a new chief financial officer, Dmitry Ivanov.

Ivanov most recently served as CFO at Sitronics, a publicly listed company within the AFK Sistema group, where he was responsible for capital market transactions, corporate financial strategy and all financial processes, including annual budgeting and forecasting, cash management and treasury functions

Commenting on the appointment, Tony Maher, Wimm-Bill-Dann's CEO said: "We are very pleased that Dmitry has decided to join our team. He is a versatile finance officer and we were very impressed with his extensive track record in financial management and corporate finance. Dmitry brings a unique set of experiences and skills in M&A, debt raising, and organisational restructuring. He also has the rare experience of taking a company public. His seven years of service within the AFK Sistema group and two years as the CFO of Multon gives Dmitry a deep understanding of our industry and the demands on the CFO of a public company. We are looking forward to together taking Wimm-Bill-Dann's finance department to yet another and even stronger level."

"I am very excited at this new opportunity," Ivanov said. "Wimm-Bill-Dann is one of the most progressive Russian public companies and I am honored to join such a well regarded company. I bring a strategic and analytical approach to building and developing finance functions. Coupled with my knowledge of the FMCG sector gained during my time at Multon, and in Small Enterprise Assistance Funds I will help drive Wimm-Bill-Dann's financial strategy going forward, as well as enhancing day-to-day financial management throughout all the 37 production facilities based around Russia and the CIS. I also have extensive experience in ERP implementation, and I will be personally overseeing the implementation process."