Lori L.S. Mingus Joins MGP Ingredients Board of Directors

Rhea-AI Summary

MGP Ingredients (Nasdaq: MGPI) has elected Lori L.S. Mingus to its Board of Directors effective June 30, 2020. Mingus, owner of Torpa Design Co., brings extensive experience in graphic design and community involvement as part of the founding Cray family. CEO Dave Colo emphasized her valuable industry knowledge. The company, established in 1941, is known for premium distilled spirits and specialty wheat products, with operations in Atchison, Kansas, and other locations.

Positive

• Lori Mingus brings fresh perspectives and community ties as a fourth-generation family member.
• Her design expertise may enhance MGP's branding and market presence.

Negative

• Potential concerns about continuity in leadership experience.

ATCHISON, Kan., Aug. 26, 2020 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq: MGPI), a leading supplier of distilled spirits and specialty wheat proteins and starches, announced that Lori L.S. Mingus has been elected to the Board of Directors effective as of MGP’s annual meeting of stockholders on June 30, 2020.

Mingus is the executive designer and owner of Torpa Design Co., specializing in all facets of graphic design, and interior and exterior design, since 2005. She began her graphic design career in 1996, and worked for public companies, national associations and an advertising agency.

“We welcome Lori’s business and civic experience, and especially value her knowledge of the industries in which we operate,” said MGP Chief Executive Officer Dave Colo.

Mingus is the fourth generation of the founding Cray family to serve MGP and the Atchison community, where she is a trustee of the Evan C. Cray Historical Museum and a board member of the Amelia Earhart Foundation. She also serves on the board of the Cray Medical Research Organization at the University of Kansas Medical Center in Kansas City, Kan.

“It’s been a privilege for our family to help guide the growth of MGP and I am happy to have the next generation at the table,” said MGP Chairman Karen Seaberg, Mingus’s mother.

Mingus graduated from the University of Kansas with B.F.A and B.G.S degrees.

About MGP
Founded in 1941, MGP (Nasdaq: MGPI) is a leading supplier of premium distilled spirits and specialty wheat proteins and starches. Distilled spirits include bourbon and rye whiskeys, gins and vodkas, which are carefully crafted through a combination of art and science backed by a long history of experience. The company's proteins and starches are created in the same manner and provide a host of functional, nutritional and sensory benefits for a wide range of food products. MGP additionally is a top producer of high quality industrial alcohol for use in both food and non-food applications. The company is headquartered in Atchison, Kansas, where it produces premium distilled spirits and food ingredients. The company also produces premium distilled spirits in Washington, D.C., and at its historic distillery in Lawrenceburg, Indiana. For more information, visit mgpingredients.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7df81991-861b-4952-b213-df12fc04d247.

Media Contact: Jenell Loschke, 913.360.5403

FAQ

Who is Lori Mingus in relation to MGP Ingredients?

Lori Mingus is the newly elected board member of MGP Ingredients, effective June 30, 2020.

What experience does Lori Mingus bring to MGP Ingredients?

Lori Mingus has extensive experience in graphic design and community service.

Why was Lori Mingus elected to the Board of Directors of MGPI?

She was elected for her business experience and knowledge of the industries in which MGP operates.

What is the significance of Lori Mingus's election for MGPI?

Her election may provide new insights and strengthen community relations due to her family legacy.