Hamdi Ulukaya Out As Chobani CEO,
NY Post Reports. Chairmanship Next?
The founder of Chobani yogurt is fast approaching his expiration date, the New York Post reported this week.
Hamdi Ulukaya, the charismatic Turkish immigrant who started the brand in a former Kraft plant in South Edmeston in 2005, is being replaced as CEO and may even be stripped of his chairman role, The Post reported, quoting sources.
TPG, a private-equity firm that funneled $750 million into the company last April through a loan, is deep into a search with Chobani’s board for Ulukaya’s successor, even as it scrambles to recover from a devastating product recall in 2013 that some insiders blamed on the founder, sources said.