Farmer Brothers Appoints Waheed Zaman to Board of Directors

Rhea-AI Summary

Farmer Bros. Co. (NASDAQ: FARM) has appointed Waheed Zaman to its Board of Directors, effective September 1, 2021. Zaman brings over 35 years of global consumer experience, including significant roles in corporate strategy and operations. Currently the CEO of W&A Consulting, he has a proven track record in leading transformational changes. Zaman's expertise in technology and cybersecurity is expected to enhance the company's operational efficiency, as stated by CEO Deverl Maserang.

Positive

• Waheed Zaman's extensive experience in global consumer markets and corporate strategy.
• Expected operational improvements and efficiencies from Zaman's leadership in technology and cybersecurity.

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• None.

NORTHLAKE, Texas, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Farmer Bros. Co. (NASDAQ: FARM) (“the Company”), a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products, today announced the appointment of Waheed Zaman to the Company’s Board of Directors, effective September 1, 2021.

Mr. Zaman, who will serve on the Board’s Audit Committee, brings more than 35 years of Global Consumer experience. He has extensive experience working with multiple Boards of Directors and has led transformational enterprise-wide change across Corporate Strategy, IT, Supply Chain, and Consumer and Retail Analytics.

Currently, Mr. Zaman serves as the Chief Executive Officer of W&A Consulting, where he advises senior executives on transformational change and consults with leaders and teams on personal success and leadership practices to ensure organizational effectiveness and strategy execution. Previously, Zaman served as the Senior Vice President, Chief Corporate Strategy & Administrative Officer at the Hershey Company, where he reformulated Corporate Strategy and leveraged technology to improve operational optics and decision making.

“Waheed brings operational expertise and deep knowledge of technology and cybersecurity to the Farmer Brothers Board of Directors team. We’re excited to work with him and leverage his leadership and technical expertise as we continue to drive integration and organizational efficiencies across our nationwide operations,” said Deverl Maserang, Chief Executive Officer.

About Farmer Brothers

Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler, and distributor of coffee, tea, and culinary products. The Company’s product lines include organic, Direct Trade, and sustainably produced coffee. With a robust line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes, the Company delivers extensive beverage planning services and culinary products to its U.S.-based customers. The Company serves a wide variety of customers, from small independent restaurants and foodservice operators to large institutional buyers like restaurant, department and convenience store chains, hotels, casinos, healthcare facilities, and gourmet coffee houses, as well as grocery chains with private brand coffee and consumer branded coffee and tea products, and foodservice distributors.

Marketing Contact

Nathalie Oetzel
noetzel@farmerbros.com

Investor Relations Contact

Ellipsis
Jennifer Milan & Kyle King
Investor.relations@farmerbros.com
(646) 776-0886

FAQ

Who is Waheed Zaman and what is his role with Farmer Bros. Co.?

Waheed Zaman is the recently appointed member of the Board of Directors at Farmer Bros. Co., effective September 1, 2021.

What experience does Waheed Zaman bring to Farmer Bros. Co.?

Zaman brings over 35 years of global consumer experience, including expertise in corporate strategy, IT, and supply chain management.

How will Waheed Zaman's appointment impact Farmer Bros. Co.?

His leadership is expected to enhance operational efficiencies and drive integration across the company's nationwide operations.