American Vanguard Appoints Industry Veteran, Douglas A. (“Dak”) Kaye, III as Chief Executive Officer
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