Nov 21, 2019

Ocean spray appoints new chief financial officer

Ocean Spray Cranberries, Inc. recently announced that Daniel Cunha has joined the farmer-owned cooperative as Chief Financial Officer (CFO), effective November 11, 2019.

Cunha joins Ocean Spray from Tangram Partners where he was a co-founder. Cunha brings with him an extensive background in corporate finance, financial planning and analysis, investor relations, mergers and acquisitions, strategic leadership, and risk management, according to a press release from Ocean Spray. I am particularly impressed with Daniel’s ideas and approach to leadership when it comes to the strategic vs. operational requirements of a CFO, as well as his ability to navigate through transformational growth,” Bobby Chacko, CEO of Ocean Spray, said in a press release. “Daniel is joining an Ocean Spray leadership team that is committed to accelerate growth sustainably on behalf of the many generational family farmer-owners.”

Cunha will lead Ocean Spray’s financial planning and analysis, corporate controller, treasury, and procurement teams, according to the press release. He will report directly to Chacko.

“Ocean Spray was historically built on products with clear health benefits and certainly has a key role in serving consumers in the future, offering them the health and wellness products they want,” Cunha said in the press release. “Bobby and his entire executive team recognize the importance of innovation and have made it Ocean Spray’s mandate. I’m ecstatic to join this transformational effort and help build a stronger consumer-centric company.”

Cunha has more than 15 years of management and financial experience. At Tangram Partners, a consumer-focused private equity vehicle, Cunha was responsible for fundraising, deal sourcing and execution.

Prior to co-founding Tangram, Cunha was CFO of Heinz North America prior to Kraft’s acquisition, and later CFO of Beverages and Snack Nuts BU after Kraft’s acquisition, according to Ocean Spray’s press release. Before joining Kraft Heinz, Cunha worked at GP Investments and McKinsey and Company.  Cunha received his bachelor’s degree in Mechanical Aeronautical Engineering at the Instituto Tecnológico de Aeronáutica (ITA) in Brazil, and his Master of Business Administration from Harvard Business School.

Founded in 1930, Ocean Spray is owned more than 700 cranberry farmers in the United States, Canada and Chile.