Management ChangeMay 7, 2026, 04:34 PM
Post Holdings CEO Vitale to Executive Chairman; Catoggio Named CEO
AI Summary
Post Holdings announced a leadership transition, with Robert V. Vitale moving to Executive Chairman and Nicolas Catoggio appointed President and CEO, both effective October 1, 2026. The company also reported strong second fiscal quarter results, with net sales up 4.7% to $2.04 billion and Adjusted EBITDA increasing 14.0% to $395.0 million. Additionally, Post Holdings approved a new $600.0 million share repurchase authorization, replacing the existing $500.0 million authorization, and affirmed its fiscal year 2026 Adjusted EBITDA outlook.
Key Highlights
- Robert V. Vitale will transition from President and CEO to Executive Chairman, effective October 1, 2026.
- Nicolas Catoggio, current COO, has been appointed President and CEO, effective October 1, 2026.
- Board approved a new $600.0 million share repurchase authorization, effective May 9, 2026.
- Q2 Net Sales increased 4.7% to $2.04 billion compared to the prior year period.
- Q2 Operating Profit rose 16.3% to $211.9 million.
- Q2 Net Earnings increased 30.8% to $81.9 million.
- Q2 Adjusted EBITDA grew 14.0% to $395.0 million.
- Affirmed fiscal year 2026 Adjusted EBITDA outlook of $1,550-$1,580 million.