The Kellogg Company’s board of directors has elected Steven Cahillane as its chief executive and chairman from October when current chief John Bryant retires.

Cahillane most recently served as president and chief executive of health and wellness business The Nature’s Bounty Co and he will also join Kellogg’s board of directors.

Bryant, who will continue as executive chairman of the board until March, said: “It has been my pleasure to serve as the chief executive of Kellogg Company over the past seven years. 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. He is a proven leader with an exceptional track record of creating shareholder value. Steve has a tremendous history of success as the chief executive 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.”