Darling Ingredients Director Mary Korby to retire from Board at Annual Meeting; Larry Barden elected to Board of Directors

Rhea-AI Summary

Darling Ingredients Inc. (NYSE: DAR) announced the retirement of long-time board member Mary Korby, effective at the 2023 Annual Meeting of Stockholders. Ms. Korby will remain a director until then, having served on the board since 2014, contributing significantly to the company's growth in international law and global expansion. Additionally, Larry A. Barden has been elected as an independent director, expanding the board to 11 members. Mr. Barden brings extensive legal and executive experience, having served as Chairman of the Management Committee at Sidley Austin LLP.

Positive

• Larry A. Barden's election enhances the board's expertise in corporate governance and legal matters.
• Continued commitment from Mary Korby until the Annual Meeting ensures a smooth transition.

Negative

• The retirement of Mary Korby may create a potential gap in board experience.

IRVING, Texas, Jan. 26, 2023 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR), today announced that long-time board member Mary Korby has informed the board that she plans to retire, effective at the company's 2023 Annual Meeting of Stockholders. Ms. Korby will remain a director and maintain her committee memberships through the 2023 Annual Meeting.

Separately, the company also announced that Larry A. Barden, former Chairman of the Management Committee of Sidley Austin LLP, has been elected to the board as an independent director, effective immediately; expanding the total number of directors on the board to 11. Mr. Barden will serve on the board's Environmental, Social and Governance Committee.

Ms. Korby joined the Darling Ingredients board in 2014 following a long and distinguished legal career as a partner at both Weil, Gotshal & Manges LLP and K&L Gates LLP.

"On behalf of the board of directors, I would like to thank Mary for her many years of dedicated service," said Randall C. Stuewe, Chairman and Chief Executive Officer. "Mary's significant and meaningful contributions to Darling Ingredients have helped transform our company. Her extensive knowledge and experience in international law helped grow our business and expand our global footprint. We wish Mary all the best in retirement."

Mr. Barden is a retired partner of Sidley Austin LLP, an international law firm. He served as Chairman of Sidley's Management Committee from April 2014 until April 2022 and was a member of the Executive Committee from 1999 through April 2022. Mr. Barden's principal areas of practice were mergers and acquisitions, securities/corporate finance and strategic counseling/corporate governance. He also serves on the boards of various civic and educational organizations.

"I want to extend a warm welcome to Larry as he joins our board of directors," Stuewe said. "We are fortunate to have his deep breadth of executive management and legal expertise at the board level, as we continue to execute our global growth strategy."

About Darling Ingredients
Darling Ingredients Inc. (NYSE: DAR) is the largest publicly traded company turning edible by-products and food waste into sustainable products and a leading producer of renewable energy. Recognized as a sustainability leader, the company operates more than 270 facilities in 17 countries and repurposes approximately 15% of the world's meat industry waste streams into value-added products, such as green energy, renewable diesel, collagen, fertilizer, animal proteins and meals and pet food ingredients. To learn more, visit darlingii.com. Follow us on LinkedIn.

Darling Ingredients Contacts
Investors:	Suann Guthrie
	Senior VP, Investor Relations, Sustainability & Communications
	(469) 214-8202; suann.guthrie@darlingii.com
Media:	Jillian Fleming
	Director, Global Communications
	(972) 541-7115; jillian.fleming@darlingii.com

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SOURCE Darling Ingredients Inc.

FAQ

What date did Mary Korby announce her retirement from the Darling Ingredients board?

Mary Korby announced her retirement effective at the 2023 Annual Meeting of Stockholders.

Who is Larry A. Barden and what role will he serve at Darling Ingredients?

Larry A. Barden is a former chairman of Sidley Austin LLP and will serve as an independent director on the board's Environmental, Social and Governance Committee.

How many directors are on the Darling Ingredients board after the recent changes?

After the election of Larry A. Barden, the total number of directors on the Darling Ingredients board has increased to 11.

What contributions did Mary Korby make during her tenure at Darling Ingredients?

Mary Korby's contributions helped transform Darling Ingredients, leveraging her extensive knowledge in international law to support the company's global expansion.

What is the significance of Larry Barden joining the board for Darling Ingredients?

Larry Barden's appointment is significant as it brings deep executive management and legal expertise to support the company's global growth strategy.