Ocean Spray Appoints New Chief Financial Officer
- by Chandler James
BOSTON, MA - The announcement of new leadership is almost always cause for celebration, but the news is especially sweet when said leaders have a personal passion for the team they will lead. Ocean Spray Cranberries announced yesterday that Daniel Cunha has joined the farmer-owned cooperative as Chief Financial Officer (CFO), effective November 11, 2019. Cunha joins the company from Tangram Partners where he was a Co-Founder. Bringing with him an extensive background in corporate finance, financial planning and analysis, investor relations, mergers and acquisitions, strategic leadership, and risk management, he also has a deep personal appreciation for Ocean Spray and its unique cooperative structure.
"It is a fantastic time to be joining Ocean Spray," Cunha said. "Ocean Spray was historically built on products with clear health benefits and certainly has a key role in serving consumers in the future, offering them the health and wellness products they want. Bobby and his entire executive team recognize the importance of innovation and have made it Ocean Spray's mandate. I'm ecstatic to join this transformational effort and help build a stronger consumer-centric company."
According to a press release, Ocean Spray’s new CFO has more than 15 years of management and financial experience. At Tangram Partners, Cunha was responsible for fundraising, deal sourcing, and execution. Prior to co-founding Tangram, he was CFO of two businesses with roughly $4 billion in revenues at Kraft Heinz (i.e., CFO of Heinz North America prior to Kraft's acquisition, and later CFO of Beverages and Snack Nuts BU after Kraft's acquisition). Before joining Kraft Heinz, Cunha worked at GP Investments and McKinsey and Company. He received his bachelor's degree in Mechanical Aeronautical Engineering at the Instituto Tecnológico de Aeronáutica (ITA) in Brazil, and his Master of Business Administration from Harvard Business School.
"I couldn't be more thrilled to welcome Daniel to Ocean Spray where he will undoubtedly make an impact as a financial leader with a keen strategic orientation to accelerate the evolution of our cooperative toward a health and wellness company," said Bobby Chacko, CEO. "I am particularly impressed with Daniel's ideas and approach to leadership when it comes to the strategic vs. operational requirements of a CFO, as well as his ability to navigate through transformational growth. Daniel is joining an Ocean Spray leadership team that is committed to accelerate growth sustainably on behalf of the many generational family farmer-owners."
Cunha will lead Ocean Spray's financial planning and analysis, corporate controller, treasury, and procurement teams. He will report directly to Chacko.
Congratulations to Daniel Cunha on this exciting position!