While little is known behind Palazzi’s sudden departure, it’s apparent from the short statement that Lactalis and the seasoned executive determined pretty quickly that things weren’t working out.

It does not appear that financial missteps were responsible for the departure. Lactalis said in a statement that Palazzi’s investment and his energy “made it possible to achieve the financial objectives for the year 2021.”

More than likely he and billionaire Emmanuel Besnier, nicknamed the “King of Cheese” and the “Emperor of Milk” according to Bloomberg, couldn’t see eye to eye at Lactalis, one of the world’s largest dairy firms with an estimated $22.6 billion in sales. Besnier, the company’s president and primary shareholder, and his two siblings own all of Lactalis, the world’s largest maker of cheese, the wire service noted.


Back to Latest