Cott Hires Lance Exec as CFO

The Canadian cola giant hires a finance chief away from the maker of Toast Chee and Nip Chee.
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(COT) - Get Report

named Clyde Preslar finance chief.

The Canadian cola company said it hired Preslar from



, the Charlotte, N.C.-based maker of the Toast Chee and Nip Chee brand crackers. Preslar said Friday that he would leave Lance after nine years as chief financial officer there. Lance said it would begin searching for a replacement.

"We're extremely pleased to announce that someone with Clyde's breadth and depth of financial experience is joining our team," said Cott CEO John Sheppard. "His financial leadership of both retailer brand and brand name manufacturing businesses will allow him to hit the ground running and bring a fresh perspective to Cott's business."

On Monday, Cott rose 8 cents to $23.20, and Lance fell 42 cents to $18.51.