Saputo announces a change in its senior management structure

MONTREAL — Saputo Inc. (we, Saputo or the Company) (TSX: SAP) today announced a change in its senior management structure with the retirement of Kai Bockmann. Effective immediately, Mr. Bockmann is stepping down as President and Chief Operating Officer and will leave the company on March 4, 2022. Carl Colizza, President and Chief Operating Officer (North America), and Leanne Cutts, President and Chief of Operations (International and Europe), which reported to Mr. Bockmann, will report to Lino A. Saputo, now Chairman of the Board, President and Chief Executive Officer.

“Kai has helped build a strong and diverse management team and we thank him for his dedication and involvement over the past 10 years. I wish him and his family a good future,” said Lino A. Saputo, Chairman of the Board, President and Chief Executive Officer, Saputo Inc.

On Saputo

Saputo produces, markets and distributes a wide range of the highest quality dairy products, including cheese, fluid milk, extended shelf life dairy products and creams, cultured products and dairy ingredients. Saputo is one of the top ten dairy processors in the world, a leading cheese manufacturer and fluid milk and cream processor in Canada, the leading dairy processor in Australia and the second largest in Argentina. In the United States, Saputo ranks among the top three cheese producers and is one of the largest producers of cultured and extended shelf-life dairy products. In the UK, Saputo is the largest maker of branded cheeses and one of the leading makers of dairy spreads. Saputo products are sold in several countries under market-leading brands, as well as private labels. Saputo Inc. is a publicly traded company and its shares are listed on the Toronto Stock Exchange under the symbol “SAP”. Follow Saputo’s activities on or through Facebook, LinkedIn and Twitter.

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