OREANDA-NEWS. August 30, 2010. Wimm-Bill-Dann Foods OJSC [NYSE: WBD] announced that the contract of its Chief Executive Officer, Tony Maher, has been extended until 2014.

Sergey Plastinin, Chairman of the Board of Directors of Wimm-Bill-Dann, said: “Tony’s executive leadership ensured that we got through the recent financial downturn with enhanced profitability and strengthened market leadership, a better product mix and reinvigorated brands. Under Tony Wimm-Bill-Dann has reached a new stage of development – a transition from rapid geographic expansion to building sustainable and long-term market leadership. When Tony first joined us, he articulated a clear vision for carrying out this transition. He has consistently delivered on this vision and we believe he is the right person to continue to lead Wimm-Bill-Dann going forward.”

Tony Maher, CEO of Wimm-Bill-Dann, commented: “The last four and a half years have been among the most productive and satisfying of my career and I look forward to the forthcoming challenges and opportunities. Going forward, I believe we have put the right strategy in place to expand our market leadership, further reduce costs and make Wimm-Bill-Dann a truly global FMCG player with top ratios for our industry. It is a privilege to continue to lead our remarkable team as the Russian economy rebounds and new opportunities and challenges emerge.”