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Darling Ingredients Inc. Announces Leadership Changes

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Darling Ingredients (NYSE: DAR) announced significant leadership changes. Brad Phillips, Executive VP and CFO, will retire after 36 years, effective June 15, 2025. Robert Day, current Executive VP and Chief Strategy Officer, will become CFO after the 2024 Form 10-K filing (expected Feb. 25, 2025). Sandra Dudley will be promoted to Executive VP, Renewables and Chief Strategy Officer. Carlos Paz will join as Executive VP, Global Risk Management, Ingredients.

Day joined in 2023 with previous experience at Ascendant Partners and Ceres Global Ag Corp. Dudley, who joined in 2015, currently oversees the Diamond Green Diesel joint venture and specialty operations. Paz comes from Ceres Global Ag Corp., bringing over 20 years of experience from Cargill in trading and merchandising.

Darling Ingredients (NYSE: DAR) ha annunciato importanti cambiamenti nella leadership. Brad Phillips, VP Esecutivo e CFO, andrà in pensione dopo 36 anni, a partire dal 15 giugno 2025. Robert Day, attuale VP Esecutivo e Chief Strategy Officer, diventerà CFO dopo la presentazione del modulo 10-K del 2024 (prevista per il 25 febbraio 2025). Sandra Dudley sarà promossa a VP Esecutivo, Rinnovabili e Chief Strategy Officer. Carlos Paz entrerà come VP Esecutivo, Gestione del Rischio Globale, Ingredienti.

Day è entrato in azienda nel 2023 con precedenti esperienze in Ascendant Partners e Ceres Global Ag Corp. Dudley, che è entrata nel 2015, attualmente supervisiona la joint venture Diamond Green Diesel e le operazioni speciali. Paz proviene da Ceres Global Ag Corp., portando oltre 20 anni di esperienza in Cargill nel trading e nel merchandising.

Darling Ingredients (NYSE: DAR) anunció cambios significativos en su liderazgo. Brad Phillips, VP Ejecutivo y CFO, se retirará después de 36 años, a partir del 15 de junio de 2025. Robert Day, actual VP Ejecutivo y Chief Strategy Officer, se convertirá en CFO después de la presentación del formulario 10-K de 2024 (prevista para el 25 de febrero de 2025). Sandra Dudley será promovida a VP Ejecutivo, Renovables y Chief Strategy Officer. Carlos Paz se unirá como VP Ejecutivo, Gestión de Riesgos Globales, Ingredientes.

Day se unió en 2023 con experiencia previa en Ascendant Partners y Ceres Global Ag Corp. Dudley, que se incorporó en 2015, supervisa actualmente la empresa conjunta Diamond Green Diesel y las operaciones especializadas. Paz proviene de Ceres Global Ag Corp., aportando más de 20 años de experiencia en Cargill en comercio y comercialización.

다를링 재료 (NYSE: DAR)는 중요한 리더십 변화를 발표했습니다. 브래드 필립스, 전무이사 및 CFO는 36년 근무 후 2025년 6월 15일자로 은퇴합니다. 로버트 데이는 현재 전무이사이자 전략 책임자로서 2024년 10-K 양식 제출 후 CFO가 됩니다(2025년 2월 25일 예정). 산드라 더들리는 전무이사, 재생 가능 에너지 및 전략 책임자로 승진합니다. 카를로스 파즈는 전무이사, 글로벌 리스크 관리, 재료 부문으로 합류합니다.

데이는 2023년에 합류했으며, 그 이전에는 아센던트 파트너스와 세레스 글로벌 농업 공사에서 경험을 쌓았습니다. 더들리는 2015년에 합류하여 현재 다이아몬드 그린 디젤 합작 투자와 전문 운영을 감독하고 있습니다. 파즈는 세레스 글로벌 농업 공사 출신으로, 카길에서 거래 및 판매에 관한 20년 이상의 경험을 가지고 있습니다.

Darling Ingredients (NYSE: DAR) a annoncé des changements significatifs dans sa direction. Brad Phillips, vice-président exécutif et CFO, prendra sa retraite après 36 ans, à compter du 15 juin 2025. Robert Day, actuellement vice-président exécutif et directeur de la stratégie, deviendra CFO après le dépôt du formulaire 10-K de 2024 (prévu pour le 25 février 2025). Sandra Dudley sera promue vice-présidente exécutive, Énergies Renouvelables et directrice de la stratégie. Carlos Paz rejoindra l'équipe en tant que vice-président exécutif, Gestion des Risques Globaux, Ingrédients.

Day a rejoint l'entreprise en 2023 avec une expérience précédente chez Ascendant Partners et Ceres Global Ag Corp. Dudley, qui a rejoint l'entreprise en 2015, supervise actuellement la coentreprise Diamond Green Diesel et les opérations spécialisées. Paz vient de Ceres Global Ag Corp., apportant plus de 20 ans d'expérience chez Cargill dans le commerce et la commercialisation.

Darling Ingredients (NYSE: DAR) hat bedeutende Veränderungen in der Führung angekündigt. Brad Phillips, Exekutiv-Vizepräsident und CFO, wird nach 36 Jahren am 15. Juni 2025 in den Ruhestand treten. Robert Day, derzeit Exekutiv-Vizepräsident und Chief Strategy Officer, wird CFO nach der Einreichung des Forms 10-K für 2024 (voraussichtlich am 25. Februar 2025). Sandra Dudley wird zum Exekutiv-Vizepräsidenten für Erneuerbare Energien und Chief Strategy Officer befördert. Carlos Paz wird als Exekutiv-Vizepräsident für Globale Risikomanagement, Zutaten, beitreten.

Day trat 2023 bei und bringt Erfahrung von Ascendant Partners und Ceres Global Ag Corp. mit. Dudley, die 2015 eintrat, leitet derzeit das Joint Venture Diamond Green Diesel und spezielle Operationen. Paz kommt von Ceres Global Ag Corp. und bringt über 20 Jahre Erfahrung aus Cargill im Handel und Merchandising mit.

Positive
  • Smooth leadership transition with overlap period ensuring continuity
  • Strategic promotion of internal talent (Sandra Dudley) maintaining operational consistency
  • Addition of experienced risk management executive (Carlos Paz) strengthening global operations
Negative
  • Loss of 36-year veteran CFO Brad Phillips and his institutional knowledge
  • Brad Phillips, Executive Vice President and Chief Financial Officer, to retire
  • Robert Day to be named Executive Vice President and Chief Financial Officer
  • Sandra Dudley to be named Executive Vice President, Renewables and Chief Strategy Officer
  • Carlos Paz joins as Executive Vice President, Global Risk Management, Ingredients

IRVING, Texas, Dec. 12, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced that Brad Phillips, Executive Vice President and Chief Financial Officer, will retire from the company after 36 years, effective June 15, 2025. Robert Day, currently Executive Vice President and Chief Strategy Officer, will assume the role of Executive Vice President and Chief Financial Officer effective on the day after the company files its 2024 Form 10-K, which is expected to occur on Feb. 25, 2025; after which, Phillips will remain employed until his retirement date to assist Day in his transition to his new role. Sandra Dudley, currently Executive Vice President, Renewables and U.S. Specialty Operations, will succeed Day as Chief Strategy Officer, under the new title of Executive Vice President, Renewables and Chief Strategy Officer. Carlos Paz will join the company as Executive Vice President, Global Risk Management, Ingredients.

"We extend our deepest gratitude to Brad for his many years of service to Darling Ingredients," said Randall C. Stuewe, Chairman and Chief Executive Officer. "Brad's vision, leadership and financial expertise were instrumental in shaping our company into the pillar it is today. From spearheading transformative acquisitions to driving unprecedented growth, Brad's contributions are woven into every success we've achieved. We thank him for his unwavering dedication and wish him all the best in his retirement."

Day joined Darling Ingredients in August 2023 as Chief Strategy Officer. Prior to joining the company, he served as a partner at Ascendant Partners, an investment bank and advisory firm. From 2015 to 2022, Day was with Ceres Global Ag. Corp., where he served as Chief Executive Officer from 2016 to 2022. Prior to that, he was Managing Director Asia at ED&F Man; and he held a variety of executive and senior management roles with Cargill, Incorporated in Asia, Latin America and the United States over a 19-year period. Day holds an MBA from St. Thomas University and a bachelor's degree from the University of Minnesota.

Dudley joined Darling Ingredients in 2015 and has served as Executive Vice President, Renewables and U.S. Specialty Operations since October 2021, overseeing Darling Ingredients' investment in its Diamond Green Diesel joint venture, as well as the company's wet pet food, organic fertilizer, bakery feeds, refining and restaurant services businesses. Prior to joining Darling Ingredients, from 1998 to 2004, she worked at ConAgra Foods, serving in both strategy and financial roles; and from 2004 to 2015, she worked at Tenaska Marketing Ventures, a top natural gas marketer, where she analyzed long-term deals, developed deal structures and traded natural gas.

Paz will join Darling Ingredients as Executive Vice President, Risk Management, Ingredients. In this newly created role, Paz will oversee all risk-taking and trading activities globally, as well as the management and mitigation of risks related to commodity price fluctuations, supply chain disruptions and market volatility. He joins Darling Ingredients from Ceres Global Ag. Corp., where he served as President and Chief Executive Officer from August 2022 until December 2024. Prior to joining Ceres, he spent over 20 years at Cargill, Incorporated in a number of leadership roles, where he successfully led trading and merchandising. Paz has a bachelor's degree in general business management and agricultural economics from Kansas State University.

About Darling Ingredients
A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn.

Darling Ingredients Contacts

Media:

Jillian Fleming


Director, Global Communications


(972) 541-7115; jillian.fleming@darlingii.com



Investors:

Suann Guthrie


Senior VP, Investor Relations, Sustainability & Communications


(469) 214-8202; suann.guthrie@darlingii.com

 

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SOURCE Darling Ingredients Inc.

FAQ

When will Brad Phillips retire as CFO of Darling Ingredients (DAR)?

Brad Phillips will retire as CFO of Darling Ingredients on June 15, 2025, after 36 years with the company.

Who will replace Brad Phillips as CFO at Darling Ingredients (DAR)?

Robert Day, current Executive VP and Chief Strategy Officer, will become CFO after the company files its 2024 Form 10-K, expected on February 25, 2025.

What is Sandra Dudley's new role at Darling Ingredients (DAR)?

Sandra Dudley will become Executive Vice President, Renewables and Chief Strategy Officer, succeeding Robert Day in the strategy role.

What will be Carlos Paz's role at Darling Ingredients (DAR)?

Carlos Paz will join as Executive Vice President, Global Risk Management, Ingredients, overseeing all risk-taking and trading activities globally.

When will Robert Day assume the CFO position at Darling Ingredients (DAR)?

Robert Day will assume the CFO position after the company files its 2024 Form 10-K, expected on February 25, 2025.

DARLING INGREDIENTS INC.

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