American Vanguard Appoints Industry Veteran, Douglas A. (“Dak”) Kaye, III as Chief Executive Officer
American Vanguard (AVD) has appointed Douglas A. ('Dak') Kaye, III as its new Chief Executive Officer, effective December 9, 2024. Kaye brings extensive experience from his 13-year tenure at Albaugh, , where he most recently served as President, North America. He previously held positions as Group Chief Commercial Officer and President of the European region.
The appointment follows a comprehensive search process and aims to drive the company's transformation goals, including achieving a 15% adjusted EBITDA margin. Kaye will succeed the Office of CEO (OCEO), which has been in place since July 15, 2024, and will be based at global headquarters starting January 6, 2025.
American Vanguard (AVD) ha nominato Douglas A. ('Dak') Kaye, III come nuovo Amministratore Delegato, con decorrenza dal 9 dicembre 2024. Kaye porta un'esperienza vasta grazie ai suoi 13 anni trascorsi in Albaugh, dove di recente ha ricoperto il ruolo di Presidente per il Nord America. In precedenza ha ricoperto posizioni come Direttore Commerciale di Gruppo e Presidente della regione europea.
La nomina segue un processo di ricerca completo e mira a guidare gli obiettivi di trasformazione dell'azienda, tra cui il raggiungimento di un margine EBITDA rettificato del 15%. Kaye succederà all'Ufficio dell'Amministratore Delegato (OCEO), attivo dal 15 luglio 2024, e avrà sede presso la sede globale a partire dal 6 gennaio 2025.
American Vanguard (AVD) ha nombrado a Douglas A. ('Dak') Kaye, III como su nuevo Director Ejecutivo, con fecha efectiva del 9 de diciembre de 2024. Kaye aporta una amplia experiencia de sus 13 años en Albaugh, donde más recientemente se desempeñó como Presidente de América del Norte. Anteriormente ocupó cargos como Director Comercial del Grupo y Presidente de la región europea.
La nominación sigue a un proceso de búsqueda integral y tiene como objetivo impulsar los objetivos de transformación de la empresa, incluido el logro de un margen EBITDA ajustado del 15%. Kaye sucederá a la Oficina del CEO (OCEO), que ha estado en funcionamiento desde el 15 de julio de 2024, y se basará en la sede global a partir del 6 de enero de 2025.
American Vanguard (AVD)는 Douglas A. ('Dak') Kaye, III를 2024년 12월 9일부로 새 최고 경영자(CEO)로 임명했습니다. Kaye는 최근 북미 총괄 사장으로 일했던 Albaugh에서의 13년 간의 풍부한 경험을 가지고 있습니다. 그는 이전에 그룹 최고 상업 책임자 및 유럽 지역의 사장직을 맡았습니다.
이번 임명은 포괄적인 검색 과정을 거쳤으며, 회사의 변혁 목표를 추진하는 것을 목적으로 하고 있습니다. 목표 중 하나는 조정된 EBITDA 마진 15% 달성입니다. Kaye는 2024년 7월 15일부터 운영된 CEO 사무소(OCEO)를 이어받으며, 2025년 1월 6일부터 글로벌 본사에서 근무하게 됩니다.
American Vanguard (AVD) a nommé Douglas A. ('Dak') Kaye, III en tant que nouveau Directeur Général, à compter du 9 décembre 2024. Kaye apporte une vaste expérience de ses 13 années passées chez Albaugh, où il a récemment exercé les fonctions de Président pour l'Amérique du Nord. Auparavant, il a occupé des postes tels que Directeur Commercial du Groupe et Président de la région européenne.
Cette nomination fait suite à un processus de recherche complet et vise à stimuler les objectifs de transformation de l'entreprise, notamment l'atteinte d'une marge EBITDA ajustée de 15%. Kaye succédera au Bureau du Directeur Général (OCEO), qui est en place depuis le 15 juillet 2024, et sera basé au siège mondial à partir du 6 janvier 2025.
American Vanguard (AVD) hat Douglas A. ('Dak') Kaye, III zum neuen Chief Executive Officer ernannt, der am 9. Dezember 2024 in Kraft tritt. Kaye bringt umfangreiche Erfahrungen aus seiner 13-jährigen Tätigkeit bei Albaugh mit, wo er zuletzt als Präsident für Nordamerika tätig war. Zuvor hatte er Positionen als Group Chief Commercial Officer und Präsident der europäischen Region inne.
Die Ernennung folgt einem umfassenden Suchprozess und zielt darauf ab, die Transformationsziele des Unternehmens zu erreichen, einschließlich eines angepassten EBITDA-Margen von 15%. Kaye wird das Office of CEO (OCEO) übernehmen, das seit dem 15. Juli 2024 besteht, und wird ab dem 6. Januar 2025 seinen Sitz in der globalen Zentrale haben.
- Appointment of experienced industry veteran with extensive global agricultural knowledge
- Clear transformation goal set with 15% adjusted EBITDA margin target
- New CEO brings significant leadership experience from a top ten global crop protection company
- None.
Well-positioned to further accelerate transforming the global Company into an efficient, profitable, customer-centric organization
Dak’s global agricultural knowledge will be valuable in leading the Company. For the past 13 years, he has served in a variety of senior leadership roles at Albaugh, LLC, a top ten global crop protection company. He most recently held the role of President,
Prior to his work at Albaugh, Dak was the CFO and a Director at a non-crop subsidiary of the crop protection company, Adama, and previously held the role of Co-CEO at an international automotive logistics organization. Mr. Kaye began his career at Arthur Andersen, LLP. He has a Masters of Accountancy and a Bachelor of Science in Business Administration, both from
“We are excited to welcome Dak to American Vanguard,” said Scott Baskin, Lead Director of the Board. “His appointment is the result of a comprehensive search process that attracted many outstanding candidates. We are pleased that Dak has agreed to join American Vanguard to spearhead the next phase of the Company’s business transformation,” said Mr. Baskin. He continued, “We believe that Dak is the right executive to drive the Company to achieve its transformation goal of generating an adjusted EBITDA margin of
Mr. Kaye commented, “I am grateful to be named American Vanguard’s Chief Executive Officer at this important point in the Company’s history. I have admired American Vanguard for many years. I view it as having strong relationships with customers by providing solutions that customers know and trust. I’m confident we can accelerate the transformation underway, driving revenue growth and margin improvement. I look forward to leading the team to success!”
About American Vanguard Corporation
American Vanguard Corporation (AVD) is a diversified specialty and agriculture products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Over the past 20 years, through product and business acquisitions, the Company has expanded its operations into 21 countries and now has more than 1,000 product registrations in 56 nations, worldwide. To learn more about the Company, please reference www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company’s management and are subject to various risks and uncertainties that may cause results to differ from management’s current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company’s SEC reports and filings. All forward-looking statements, if any, in this release represent the Company’s judgment as of the date of this release.
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Company Contact
American Vanguard Corporation
Anthony Young, Director of Investor Relations
anthonyy@amvac.com
(949) 221-6119
Investor Representative
Alpha IR Group
Robert
Robert.winters@alpha-ir.com
(929) 266-6315
Source: American Vanguard Corporation
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