Darling Ingredients Inc. Announces New Appointment To Board Of Directors

Rhea-AI Summary

Darling Ingredients Inc. (NYSE: DAR) has appointed Enderson Guimaraes as an independent director on its Board and Audit Committee, effective immediately. This increases the total number of board members to ten. Guimaraes has extensive global experience, previously serving in key roles at PepsiCo and Laureate Education. Chairman and CEO Randall C. Stuewe expressed enthusiasm about Guimaraes' appointment, highlighting his robust skill set and experience in supporting the company's growth strategy.

Positive

• Appointment of Enderson Guimaraes adds valuable global experience to the Board of Directors.
• Expansion of the Board to ten members may enhance strategic decision-making.

Negative

• No significant negative implications reported.

IRVING, Texas, May 25, 2021 /PRNewswire/ -- Darling Ingredients Inc. (NYSE: DAR) today announced the appointment of Enderson Guimaraes to its Board of Directors and as a member of its Audit Committee. Mr. Guimaraes joins the Board as an independent director, and his appointment is effective immediately. The appointment of Mr. Guimaraes will expand the total number of directors to ten.

Mr. Guimaraes previously held various positions within the beverage, semi-durables and education industries. His most recent roles were President and COO of Laureate Education Inc, President of PepsiCo Global Operations, CEO PepsiCo Europe and Sub-Sahara Africa, and CEO of Electrolux EMEA. He was member of the Executive Committees of Electrolux, PepsiCo and Laureate. Mr. Guimaraes is currently an independent board member of AutoZone, Inc. and Refresco Group B.V.

"We are excited to add Enderson Guimaraes to our Board. He brings an incredible resume and a robust skill set.  His global experience base will help support our world growth strategy," said Randall C. Stuewe, Chairman and CEO of Darling Ingredients.

About Darling
Darling Ingredients Inc. (NYSE: DAR) is a world leading producer of organic ingredients, generating a wide array of sustainable protein and fat products while being one of the largest producers of renewable clean energy. With operations on five continents, Darling collects waste streams from the agri-food industry, repurposing into specialty ingredients, such as hydrolyzed collagen, edible and feed-grade fats, animal proteins and meals, plasma, pet food ingredients, fuel feedstocks, and green bioenergy. Darling Ingredients named one of the 50 Sustainability and Climate Leaders in 2021, to learn more Darling Ingredients: The greenest Company on the planet - 50 Sustainability & Climate Leaders (50climateleaders.com). The Company sells its ingredients around the globe and works to strengthen our promise for a better tomorrow, creating product applications for health, nutrients and bioenergy while optimizing our services to the food chain. Darling is a 50% joint venture partner in Diamond Green Diesel (DGD), North America's largest renewable diesel manufacturer, currently producing approximately 290 million gallons of renewable diesel annually which products reduce Greenhouse Gas (GHG) emissions by up to 85% compared to fossil fuels. For additional information, visit the Company's website at http://www.darlingii.com.

For More Information, contact:
Jim Stark | VP, Investor Relations | Darling Ingredients Inc. | 972-281-4823 | james.stark@darlingii.com

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SOURCE Darling Ingredients Inc.

FAQ

Who is Enderson Guimaraes and what is his role at Darling Ingredients?

Enderson Guimaraes is the newly appointed independent director on the Board and a member of the Audit Committee of Darling Ingredients.

What is the impact of Enderson Guimaraes' appointment on Darling Ingredients?

His appointment is expected to support Darling Ingredients' global growth strategy with his extensive experience.

How many directors are on the Board of Darling Ingredients after this appointment?

The Board of Darling Ingredients now has a total of ten directors following Enderson Guimaraes' appointment.

What previous positions did Enderson Guimaraes hold before joining Darling Ingredients?

Guimaraes held key roles at PepsiCo, including President and COO of Global Operations, and CEO for Europe and Sub-Sahara Africa.