Mark Karns Joins Ingredion as VP Corporate Development and M&A
Ingredion (NYSE: INGR) has appointed Mark Karns as vice president of corporate development and M&A, effective December 2, 2024. Reporting to CEO Jim Zallie, Karns will lead the combined corporate strategy and M&A function to optimize Ingredion's strategic growth agenda. Karns joins from Whirlpool , where he served as global head of mergers and acquisitions. His previous experience includes roles at Baird, where he executed over 60 M&A and financing transactions, Boston Consulting Group, and Goense Bounds & Partners.
Ingredion (NYSE: INGR) ha nominato Mark Karns come vicepresidente dello sviluppo aziendale e delle fusioni e acquisizioni, con effetto dal 2 dicembre 2024. Riportando direttamente al CEO Jim Zallie, Karns guiderà la strategia aziendale complessiva e la funzione M&A per ottimizzare l'agenda di crescita strategica di Ingredion. Karns proviene da Whirlpool, dove ha ricoperto il ruolo di responsabile globale delle fusioni e acquisizioni. La sua esperienza precedente include ruoli presso Baird, dove ha eseguito oltre 60 transazioni di M&A e finanziamento, Boston Consulting Group e Goense Bounds & Partners.
Ingredion (NYSE: INGR) ha nombrado a Mark Karns como vicepresidente de desarrollo corporativo y M&A, con efecto a partir del 2 de diciembre de 2024. Reportando al CEO Jim Zallie, Karns liderará la estrategia corporativa combinada y la función de M&A para optimizar la agenda de crecimiento estratégico de Ingredion. Karns se une a Whirlpool, donde se desempeñó como jefe global de fusiones y adquisiciones. Su experiencia previa incluye roles en Baird, donde llevó a cabo más de 60 transacciones de M&A y financiamiento, Boston Consulting Group y Goense Bounds & Partners.
Ingredion (NYSE: INGR)는 Mark Karns를 기업 개발 및 M&A 부사장으로 임명했습니다. 임기는 2024년 12월 2일부터 시작됩니다. Karns는 CEO Jim Zallie에게 보고하며, Ingredion의 전략적 성장 계획을 최적화하기 위해 통합된 기업 전략 및 M&A 기능을 주도할 것입니다. 그는 Whirlpool에서 글로벌 인수합병 책임자로 재직한 경력이 있습니다. 이전에는 Baird에서 60건 이상의 M&A 및 금융 거래를 수행하였으며, 보스턴 컨설팅 그룹 및 Goense Bounds & Partners에서도 근무한 경험이 있습니다.
Ingredion (NYSE: INGR) a nommé Mark Karns vice-président du développement corporatif et des fusions-acquisitions, effectif à partir du 2 décembre 2024. Relevant du PDG Jim Zallie, Karns dirigera la stratégie corporative combinée et la fonction M&A afin d'optimiser l'agenda de croissance stratégique d'Ingredion. Karns rejoint Whirlpool, où il occupait le poste de responsable mondial des fusions et acquisitions. Son expérience précédente comprend des rôles chez Baird, où il a exécuté plus de 60 transactions de M&A et de financement, ainsi qu'au Boston Consulting Group et chez Goense Bounds & Partners.
Ingredion (NYSE: INGR) hat Mark Karns zum Vice President für Unternehmensentwicklung und M&A ernannt, mit Wirkung zum 2. Dezember 2024. Karns wird an CEO Jim Zallie berichten und die kombinierte Unternehmensstrategie sowie die M&A-Funktion leiten, um die strategische Wachstumsagenda von Ingredion zu optimieren. Vor seinem Wechsel zu Whirlpool, wo er als globaler Leiter für Fusionen und Übernahmen fungierte, hatte Karns bei Baird bedeutende Erfahrungen, indem er über 60 M&A- und Finanzierungstransaktionen durchführte, zudem arbeitete er bei der Boston Consulting Group und Goense Bounds & Partners.
- Strategic appointment of experienced M&A executive with track record of over 60 transactions
- Strengthening of corporate development capabilities through combined strategy and M&A function
- None.
Insights
The appointment of a new VP of Corporate Development and M&A signals a potential shift in Ingredion's strategic direction, particularly given Karns' extensive experience in consumer sectors and portfolio transformation. His track record of executing over 60 M&A transactions at Baird and his experience at Whirlpool suggests Ingredion may be positioning for more aggressive inorganic growth.
The food ingredients sector is experiencing consolidation pressures and increasing demand for healthful solutions. Karns' background in consumer-focused industries aligns with Ingredion's strategic focus on texture and health solutions. His appointment could accelerate the company's portfolio transformation and market expansion efforts through strategic acquisitions.
WESTCHESTER, Ill., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced the appointment of Mark Karns as vice president, corporate development and M&A, effective December 2, 2024. Karns will serve as a member of the executive leadership team and will report to Jim Zallie, president and chief executive officer.
Karns' role will lead a combined corporate strategy and M&A function to align and optimize Ingredion’s strategic growth agenda while driving the execution of M&A projects across the company.
“Mark is an experienced leader who has driven enterprise-wide impacts through a unique blend of M&A, capital markets and consulting experiences, having held roles in corporate development, investment banking, private equity and strategy consulting. He has a proven track record in the valuation and execution of transactions across multiple consumer sectors, including food and beverage, home appliances, outdoor recreation and apparel,” said Zallie.
“I’m excited to bring my knowledge and experience to help drive growth at Ingredion working closely with the Company’s leadership and the combined strategy and M&A teams. I look forward to helping deliver on our winning aspiration to be recognized as the go-to-provider for texture and healthful solutions that ‘make healthy taste better,’” said Karns.
Karns joins Ingredion from Whirlpool Corporation, where he served as the global head of mergers and acquisitions, focusing on the development and execution of the company’s portfolio transformation strategies. Prior to Whirlpool, Karns served as a director in the global consumer investment banking group at Baird, where he executed more than 60 M&A and financing transactions during his nine years with the firm. He also previously worked in strategy consulting at Boston Consulting Group, and in private equity at Goense Bounds & Partners.
Karns holds a master’s degree in business administration from the University of Chicago and a bachelor’s degree, with distinction, from the University of Virginia.
ABOUT Ingredion
Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in nearly 120 countries. With 2023 annual net sales of approximately
CONTACT:
Investors: Noah Weiss, 773-896-5242, noah.weiss@ingredion.com
Media: Rick Wion, 708-209-6323, rickwion@ingredion.com
FAQ
When will Mark Karns join Ingredion (INGR) as VP of Corporate Development and M&A?
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