Mr. Cahillane also joined the company's board of directors, effective Oct. 2. Mr. Bryant will continue as executive chairman of the board until March 15, 2018, at which time Mr. Cahillane will assume the role of chairman and CEO.
"It has been my pleasure to serve as the CEO of Kellogg Company over the past seven years," Mr. Bryant said. "I am even more confident in the future of our company today than at any other time in my 20 years with Kellogg. I've decided that the time is right to hand over the reins to a new leader who can continue the transformation of this great company.
"Today, it's my pleasure on behalf of the Kellogg Board to welcome Steve," Mr. Bryant continued. "He is a proven leader with an exceptional track record of creating shareholder value. Steve has a tremendous history of success as the CEO of Nature's Bounty, a health and wellness company, as well as in senior leadership roles around the world at blue-chip consumer packaged goods companies including Coca-Cola and AB lnBev."
Mr. Bryant added, "I am confident that the strength of Steve's leadership, combined with the drive and talent of our management team and the passion of our incredible employees, will enable Kellogg to realize our vision and purpose while achieving our long-term growth goals."
Mr. Cahillane has been president and CEO of Nature's Bounty, the largest global pure-play manufacturer, marketer and specialty retailer of health and wellness products, since 2014. In this role, he successfully aligned the company with key health and wellness trends, established a thriving e-commerce division and created significant shareholder value.
Prior to this, Mr. Cahillane spent seven years with The Coca-Cola Co., most recently serving as president of Coca-Cola Americas, the global beverage maker's largest business with $25 billion in sales. Under his leadership, Coca-Cola Americas' performance improved significantly as the business achieved record revenues and delivered consistent market share gains. Other roles there included President and CEO of the Coca-Cola Refreshments business, President of Coca-Cola Enterprises in North America and President of Coca-Cola Enterprises in Europe.