NBTY Snags Former Coca-Cola Executive

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NBTY Snags Former Coca-Cola Executive

By CGT Staff - 08/19/2014
NBTY, Inc., a global manufacturer, marketer, distributor and retailer of vitamins and nutritional supplements, names Steven Cahillane Chief Executive Officer. A 25-year consumer goods industry veteran, Cahillane comes to NBTY from Coca-Cola, where he led the successful integration of Coca-Cola Enterprises' North American bottling operation and drove significant market share gains as President of Coca-Cola Americas. Cahillane, who succeeds Jeff Nagel, begins his new role on Sept. 8, 2014. NBTY is a portfolio company of The Carlyle Group.

"Steve has an exceptional track record of building brands and delivering shareholder value in consumer goods industries," says Sandra Horbach, chairman of the board of NBTY and head of The Carlyle Group's consumer-retail team. "Steve is an experienced and thoughtful executive who will lead NBTY to the next level of market penetration and financial success."

Prior to becoming President of Coca-Cola Americas in 2013, Cahillane was President and CEO of Coca-Cola Refreshments and President of Coca-Cola Enterprises for North America and Europe. Before joining Coca-Cola in 2007, Cahillane held several senior roles at InBev (now AB Inbev), including Chief Commercial Officer, CEO of Interbrew U.K. and CEO of Labatt USA. Cahillane previously held positions with Coors Distributing Company, State Street Brewing Company and E&J Gallo Winery.