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Whole Earth Brands, Inc. Appoints Michael Franklin to its Board of Directors

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Whole Earth Brands (Nasdaq: FREE) has appointed Michael Franklin to its Board of Directors, effective August 25, 2022. With Franklin's addition, the Board now has eight members. Franklin is a Partner at Mariposa Capital LLC, where he focuses on value creation across various industries, including Consumer Packaged Goods (CPG). His previous experience includes roles at Viking Global Investors LP and Centerview Partners LLC. Executive Chairman Irwin D. Simon expressed enthusiasm about Franklin's future contributions to the company’s growth strategy.

Positive
  • Michael Franklin's extensive background in value creation and M&A could enhance the company's strategic initiatives.
  • Expansion of the Board may bring fresh perspectives and expertise to support Whole Earth Brands' growth strategy.
Negative
  • Potential concerns regarding continuity and experience gaps due to the addition of a new board member.

CHICAGO, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Whole Earth Brands, Inc. (the “Company”) (Nasdaq: FREE), a global food company enabling healthier lifestyles through premium plant-based sweeteners, flavor enhancers and other foods, today announced the appointment of Michael Franklin to the Company’s Board of Directors (the “Board”), effective August 25, 2022. Following Mr. Franklin’s appointment, the Board will consist of eight members.

Irwin D. Simon, Executive Chairman, commented, “We are excited to announce the appointment of Michael to our Board. We look forward to his future contributions as we continue to execute on our growth strategy plans.”

Mr. Franklin is currently a Partner at Mariposa Capital LLC (“Mariposa”), a Miami-based family investment firm focused on long-term value creation across various industries, including CPG.  In his role at Mariposa, Mr. Franklin actively supports operational improvements and M&A execution. Michael serves as a board member of Royal Oak Enterprises LLC and Curio Brands Holdings LLC. Prior to joining Mariposa, Mr. Franklin served as a private investor at Viking Global Investors LP. He started his career in investment banking at Centerview Partners LLC. Mr. Franklin holds a Bachelor of Science degree in Economics from the University of Pennsylvania’s Wharton School of Business.

About Whole Earth Brands

Whole Earth Brands is a global food company enabling healthier lifestyles and providing access to premium plant-based sweeteners, flavor enhancers and other foods through our diverse portfolio of trusted brands and delicious products, including Whole Earth Sweetener®, Wholesome®, Swerve®, Pure Via®, Equal® and Canderel®. With food playing a central role in people’s health and wellness, Whole Earth Brands’ innovative product pipeline addresses the growing consumer demand for more dietary options, baking ingredients and taste profiles. Our world-class global distribution network is the largest provider of plant-based sweeteners in more than 100 countries with a vision to expand our portfolio to responsibly meet local preferences. We are committed to helping people enjoy life’s everyday moments and the celebrations that bring us together. For more information on how we “Open a World of Goodness®,” please visit www.WholeEarthBrands.com.

Contacts:

Investor Relations Contacts:
Whole Earth Brands
312-840-5001
investor@wholeearthbrands.com

ICR
Jeff Sonnek
646-277-1263
jeff.sonnek@icrinc.com


FAQ

What is the significance of Michael Franklin's appointment to Whole Earth Brands?

Michael Franklin's appointment is expected to strengthen the Board with his expertise in value creation and M&A, which could bolster the company's growth strategy.

When did Whole Earth Brands announce Michael Franklin's appointment?

Whole Earth Brands announced Michael Franklin's appointment to the Board on August 25, 2022.

How many members are there on the Whole Earth Brands Board following Michael Franklin's appointment?

Following Michael Franklin's appointment, the Whole Earth Brands Board consists of eight members.

What is Michael Franklin's background before joining Whole Earth Brands' Board?

Before joining Whole Earth Brands, Michael Franklin was a Partner at Mariposa Capital LLC and had previous experience at Viking Global Investors LP and Centerview Partners LLC.

Whole Earth Brands, Inc.

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