A prominent player in the realm of nutritional ingredients manufacturing, Milk Specialties Global (MSG), has announced the appointment of Dan Nisser as its new Chief Financial Officer. Effective immediately, Mr. Nisser takes over from Tim Preuninger, who has opted for retirement. Mr. Preuninger will remain with MSG until September 2024 to ensure a seamless transition.
Bringing over three decades of progressive experience in finance and operations management within multi-billion-dollar organizations, Mr. Nisser’s most recent role was Group Vice President and CFO of Ag Services and Processing at Archer-Daniels-Midland (ADM). At ADM, a global leader in human and animal nutrition, Mr. Nisser played a pivotal role in doubling the operating profit of the divisions he oversaw, surpassing $5 billion in profit.
David Lenzmeier, CEO of MSG, expressed confidence in Mr. Nisser’s capabilities, citing his extensive expertise in the ingredients sector and track record of driving profitable growth in multinational food companies. MSG, with over 80 years of experience in producing nutritional ingredients, particularly excels in whey protein production, a vital component in numerous consumer protein products.
Mr. Nisser expressed his enthusiasm for joining MSG, recognizing the company’s innovative approach in the nutrition industry and its leading position in whey protein production. He emphasized his commitment to further fortify MSG’s position in transforming consumer approaches to protein consumption and overall health.
Prior to his tenure at ADM, Mr. Nisser held various finance and accounting roles at Cargill, another major player in the ingredients and food industry. He holds an MBA from Northwestern University’s Kellogg School of Management and a BA in Accounting from Iowa State University.
The retirement of Mr. Preuninger marks the end of his distinguished 35-year leadership career, including 18 years in various CFO roles across different food companies. Acknowledging Mr. Preuninger’s contributions, Mr. Lenzmeier extended gratitude for his guidance during critical periods, such as the COVID-19 pandemic and transitions between capital partners.
