Tunc Tezel has been appointed as Glacier’s group chief financial officer, succeeding Serkan Cagatay who had been serving as CFO on an interim basis.
Tezel brings more than 20 years of international experience in financial leadership across consumer businesses to the ice cream and frozen desserts producer.
During his career, he has held several senior finance and leadership positions, including roles at Gillette/P&G, BAT, and Pladis; where he was responsible for large-scale integrations, operational performance improvement programmes, and profitability growth initiatives across multiple European markets.
Most recently, he was CFO for Europe and VP FP&A at Ontex – the world’s largest private-label hygiene products manufacturer. Here, he led the integration of institutional business with retail business, helped return the business to growth and improved profitability.
He joins Glacier as the business looks to enter its next phase of growth, following its formation two years ago.
The ice cream and frozen desserts giant is a result of a merger; with private equity investors Afendis Capital Management and Davidson Kempner Capital Management combining the business with Belgium ice cream producer, Ysco, and artisanal producer, Gelato d’Italia. In 2025, following completion, the company reported revenue of €582 million.
Commenting on the appointment, Matt Frost, executive director of Glacier said Tenzel will be an “invaluable” asset as the business continues to “grown and strengthen”.
He continued: “Tunc joins us at an exciting point in Glacier’s journey as we consolidate our position as one of Europe’s leading ice cream manufacturers and target further international growth.
“I’d like to thank Serkan for his support and leadership over the past year, helping guide the business through an important period for Glacier. We will continue to benefit from his expertise in his role at Afendis and look forward to working together as we build a stronger Glacier.”
Tezel added: “Joining Glacier provides an exciting opportunity to bring my experience from other consumer sectors to the fast-moving world of ice cream.
“Matt and the team have built a strong reputation for quality, innovation and client service across the European market. I’m looking forward to working with them as we build on that base and become a global leader in ice cream manufacturing.”