Macadamia Names Saurabh Nayyar New CFO
Saurabh Nayyar has been appointed as new Chief Financial Officer, replacing a retiring Ron Hock, for Macadamia Natural Oil. In this role, Nayyar will be responsible for financial obligations, cash flow, company liabilities, financial performance, company metrics and scorecards, departmental supervision of accounting, finance, human resources, and information technology, financial relationships, and budget and expense control.
“I am excited for the opportunity at Macadamia and thank Ron Hock for all the goodwill he has done overseeing the finances of this growing brand,” said Nayyar.
Macadamia’s former Chief Financial Officer, Ron Hock announced his retirement earlier this month. Hock joined Macadamia in 2012 as the CFO with over 35 years of distribution background within Fortune 500 companies as well as entrepreneurial businesses and was a significant contributor in the development and reorganization of Macadamia Professional.
Born and raised in New Delhi, India, Nayyar earned an MBA from Cornell University. Earlier in his career, Nayyar held positions at UBS Investment Bank as Associate Director of Investment Banking Division leading transaction teams, presentations, and due diligence. Nayyar brings 12+ years of finance leadership experience in consumer-packaged goods at Unilever in skincare and hair-care categories as well as financial services industry on Wall Street, participating in mergers and acquisitions and financings with total transaction value exceeding $2 billion.
Most recently, Nayyar spent four years with Unilever in finance leadership roles with oversight of $100 million in budget spending, strategic and tactical planning, and management of growth and profitability results. “We are pleased to welcome Saurabh to our team,” exclaimed Vincent Davis, Macadamia CEO. “His proven track record of leading cross-functional teams resulted in Unilever saving an excess of $6 million through enhanced logistics network, margin expansion, travel and freight efficiencies and trade rationalization.” In addition, Nayyar also improved the cash flow position through a 20% reduction in debt outstanding.