MINNEAPOLIS — Milk Specialties Global (MSG), a nutritional ingredients manufacturer for the health and wellness, performance nutrition and functional food industries, announced the appointment of Dan Nisser to the role of chief financial officer. Nisser will succeed Tim Preuninger following his retirement. Preuninger was named CFO of MSG in 2020. He will remain with the company until September to assist with the transition.

Nisser comes to MSG with more than 30 years of experience in finance and operations management, most recently serving as group vice president and CFO of Ag Services and Processing at ADM. During his tenure at ADM, he helped double operating profit to more than $5 billion in the divisions in which he worked.

“Dan is a proven senior finance executive in the ingredients space who has built an impressive track record over the past three decades in supporting profitable growth at multinational food companies," said David Lenzmeier, chief executive officer at MSG. “On behalf of the entire team at MSG, we are thrilled to welcome Dan to the leadership team. With his deep expertise in the food industry and international experience, we’re confident Dan will continue driving successful finance strategies at MSG as we grow.”

In addition to his time with ADM, Nisser held various finance and accounting related positions at Cargill. He earned a Bachelor of Arts degree in Accounting from Iowa State University and a Master of Business Administration from the Kellogg School of Management at Northwestern University.

MSG has been producing nutrition ingredients for food and performance products for more than 80 years. In addition to its human nutrition business, the company supports animal nutrition in the livestock and pet industries. Its product offerings include milk replacers for kittens and puppies, as well as value-added ingredients, extruded solutions, milk, whey and plant-based protein options, casein and caseinates, and other ingredients.

“MSG is a true innovator in the nutrition space and the clear-cut market leader in whey protein production, a critical source for a host of consumer protein products,” Nisser said. “David, Tim and the rest of MSG’s best-in-class management team have built a strong foundation for me to continue fortifying our business as we transform how consumers approach protein consumption, nutrition, health and wellness.”

Preuninger’s retirement concludes his 35-year career that includes 18 years in the role of CFO at various food companies.

“I want to give special thanks to Tim for his leadership at MSG as we wish him the best in his much-deserved retirement,” Lenzmeier said. “Tim’s contributions to MSG are invaluable as he helped guide us through the COVID-19 pandemic and our successful transition between capital partners.”

Read more about personnel changes throughout the industry.