Glacier Names Marc Auclair Chief Executive
Auclair, formerly of Carambar & Co., succeeds Matt Frost, who led the European candy and food group as executive director since its formation.
Updated on Nov. 9, 2026 in People
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Glacier has appointed Marc Auclair as its new chief executive, succeeding Matt Frost, who led the company as executive director since its formation. Auclair joins from Carambar & Co., which Ferrara Candy acquired last year.
Why it matters
The appointment marks a leadership transition at a company formed through a series of European acquisitions and backed by Davidson Kempner Capital Management and Afendis Capital Management. Glacier recently secured €400m ($447.5m) in financing, which places new leadership at the center of its next phase of growth.
Auclair spent four years leading Carambar and 11 months as chief executive of Herta Foods Group, which ended in November 2022. Glacier secured €400m ($447.5m) in financing earlier this year and announced a €45m investment programme in July, but the announcement does not detail how Auclair will allocate these resources.
The players
Marc Auclair
Auclair is a food industry executive who previously led Carambar & Co. for four years and served as chief executive of Herta Foods Group.
Matt Frost
Frost led Glacier as executive director since the company's formation through a series of European acquisitions.
Ferrara Candy
Ferrara Candy is the confectionery company that acquired Carambar & Co. last year.
Davidson Kempner Capital Management
Davidson Kempner Capital Management is an investment firm that backs Glacier.
Afendis Capital Management
Afendis Capital Management is an investment firm that backs Glacier.
The details
Auclair previously spent four years at Soufflet Group before serving briefly as chief executive of Herta Foods Group. Chairman Cem Karakaş said Glacier will continue to invest in its capabilities and pursue further growth, with Auclair expected to build on the company's existing operations.
Timeline
November 2022: Auclair's 11-month tenure as Herta Foods Group chief executive ended.
Last year: Ferrara Candy acquired Carambar & Co.
Earlier this year: Glacier secured €400m ($447.5m) in financing.
July: Glacier announced a €45m investment programme to expand production sites in Italy and Belgium.
November 9: Auclair was appointed Glacier chief executive.
Market Landscape
Auclair's move from Carambar & Co., now owned by Ferrara Candy, into Glacier reflects ongoing consolidation among European confectionery and food producers. The transition highlights how acquired operators are supplying leadership to larger multi-company platforms.
For consumers, leadership changes at Glacier do not immediately alter the products sold under its brands. Shoppers are unlikely to see direct effects on pricing or availability from this appointment alone.
The takeaway
Leadership transitions at acquisition-driven companies often signal a shift in how the business plans its next stage of growth. Watching how new executives allocate capital after such changes can reveal the direction of the company.
Further reading
Explore more business leadership coverage for context on executive moves across the industry.
Source note: This article includes information reported by Just-food.
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