INGREDION INCORPORATED CFO CHERYL BEEBE ANNOUNCES RETIREMENT
(Thomson Reuters ONE) -
* Jack Fortnum, currently President, North America, will succeed Beebe as
Ingredion's CFO
* James Zallie, currently President Asia Pacific and EMEA, will succeed
Fortnum as President, North America
WESTCHESTER, Ill., October 30, 2013 - Ingredion Incorporated (NYSE: INGR), a
leading global provider of ingredient solutions to diversified industries, today
announced that CFO and Executive Vice President Cheryl Beebe has decided to
retire due to family health issues. Her retirement will be effective January
6, 2014.
"It is with great regret that we announce Cheryl's retirement today. She has
brought immense passion, leadership, commitment and world class financial acumen
to our company for decades," said Ilene Gordon, chairman, president and chief
executive officer. "Cheryl has been a great partner over the past four years
and has helped take Ingredion to new heights. She will be missed by our
leadership team, our 11,000 employees, our board of directors and all of our
external constituents. We wish her and her family all of our best."
We are fortunate to have a deep and talented executive team that allows us to
continue our growth and strategic execution. To that end, I'm very pleased that
Jack Fortnum will become our next CFO. Jack has a long and varied financial
background along with a decade of highly successful operating experience running
our largest business. I have absolutely no doubt that Jack is going to be an
outstanding CFO," Gordon added.
We're also fortunate to have Jim Zallie on-board. Jim joined us from National
Starch, where he was the CEO. He has a long and successful history of running
starch-related businesses. Since coming to Ingredion, he has added additional
strategic thinking on innovation and specialty starches. I believe he will do a
great job leading our North America team," Gordon concluded.
Jack Fortnum joined CPC International (Ingredion's former parent company) in
1984. Fortnum is currently President, North America. He held various executive
positions within the region prior to that. Before moving to operational
management, he held a wide range of key financial roles including Corporate
Controller of Corn Products International from the time the Company was taken
public until 2001. At CPC International, he was Vice President, Finance,
Canadian Corn Refining business and Director, Finance, Latin American Corn
Refining business. He holds a Bachelor's degree in economics from the
University of Toronto.
James Zallie joined Ingredion in 2010 as part of the National Starch
acquisition, where he was the CEO. He is currently President, Asia Pacific and
EMEA. He worked at National Starch for over 27 years in various positions of
increasing responsibility in technical, marketing and international business
management. Zallie holds master's degrees in food science and business
administration from Rutgers University and a Bachelor of Science in food science
from Pennsylvania State University.
ABOUT THE COMPANY
Ingredion Incorporated (NYSE:INGR) is a leading global ingredients solutions
provider specializing in nature-based sweeteners, starches and nutrition
ingredients. With customers in more than 40 countries, Ingredion serves
approximately 60 diverse sectors in food, beverage, brewing, pharmaceuticals and
other industries. For more information, visit www.ingredion.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ingredion Incorporated via Thomson Reuters ONE
[HUG#1739083]
Unternehmensinformation / Kurzprofil:
Datum: 30.10.2013 - 11:32 Uhr
Sprache: Deutsch
News-ID 310710
Anzahl Zeichen: 4312
contact information:
Town:
Westchester, Illinois
Kategorie:
Business News
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