BATTLE CREEK, Mich. — Kellogg Co. president, chief executive officer and director, David Mackay, will retire at the end of the month, Kellogg announced Monday.
He'll be succeeded by John Bryant, chief operating officer and current member of the board of directors, as the new president and CEO effective January 2, 2011. Mackay will work with Bryant, who was elected by the board, through March 31 to smooth the transition.
"This past summer, I became eligible to retire and made a commitment to spend more time with my family. I am pleased to pass the baton to John, whose management capabilities and wealth of experience have prepared him well to drive our business agenda for 2011 and beyond," said Mackay in a statement.
During Bryant's tenure with the company beginning in 1998, he's led the Kellogg North American and Kellogg International business units, served as chief financial officer and assumed the role of COO in 2008. Last July he was elected to the company's board.