His son, Lino Saputo Jr., will become the chairman in
addition to chief executive officer, which he became in 2004.
Saputo Sr. founded the company in Montreal, specializing in mozzarella.
It is now Canada’s largest dairy business with significant operations in the
United States, Australia and Argentina.
Its third quarter profits were $127.4 million, a 12.7 per
cent increase from a year earlier, and its revenues were $2.97 billion.
