MGP Ingredients Appoints Two New Directors
MGP Ingredients (MGPI) has announced the appointment of two new independent directors to its Board: Gerardo 'Gerry' Lopez and Martin Roper, while Preet Michelson has resigned from the Board. Following these changes, the Board will maintain nine directors, with eight being independent.
Lopez brings significant executive experience as former President and CEO of AMC Entertainment Holdings and EVP at Starbucks Coffee Company. He currently serves on the boards of CBRE Group, Newell Brands, and Realty Income Roper is the current CEO of Vita Coco Company and serves on Fintech's board, with previous experience as CEO of The Boston Beer Company.
Board Chairman Donn Lux expressed confidence that the new directors' industry knowledge and operational expertise will help guide MGPI's next growth phase and strategic priorities.
MGP Ingredients (MGPI) ha annunciato la nomina di due nuovi direttori indipendenti nel suo Consiglio di Amministrazione: Gerardo 'Gerry' Lopez e Martin Roper, mentre Preet Michelson si è dimesso dal Consiglio. A seguito di questi cambiamenti, il Consiglio manterrà nove membri, di cui otto indipendenti.
Lopez porta con sé una significativa esperienza dirigenziale, essendo stato Presidente e CEO di AMC Entertainment Holdings e EVP presso Starbucks Coffee Company. Attualmente fa parte dei consigli di amministrazione di CBRE Group, Newell Brands e Realty Income. Roper è l'attuale CEO di Vita Coco Company e membro del consiglio di Fintech, con precedenti esperienze come CEO di The Boston Beer Company.
Il Presidente del Consiglio, Donn Lux, ha espresso fiducia che la conoscenza del settore e l'esperienza operativa dei nuovi direttori aiuteranno a guidare la prossima fase di crescita e le priorità strategiche di MGPI.
MGP Ingredients (MGPI) ha anunciado el nombramiento de dos nuevos directores independientes en su Junta Directiva: Gerardo 'Gerry' Lopez y Martin Roper, mientras que Preet Michelson ha renunciado a la Junta. Tras estos cambios, la Junta mantendrá nueve directores, de los cuales ocho serán independientes.
Lopez aporta una amplia experiencia ejecutiva, habiendo sido Presidente y CEO de AMC Entertainment Holdings y EVP en Starbucks Coffee Company. Actualmente forma parte de los consejos de administración de CBRE Group, Newell Brands y Realty Income. Roper es el actual CEO de Vita Coco Company y miembro del consejo de Fintech, con experiencia previa como CEO de The Boston Beer Company.
El presidente de la Junta, Donn Lux, expresó su confianza en que el conocimiento del sector y la experiencia operativa de los nuevos directores ayudarán a guiar la próxima fase de crecimiento y las prioridades estratégicas de MGPI.
MGP Ingredients (MGPI)는 이사회에 두 명의 새로운 독립 이사인 Gerardo 'Gerry' Lopez와 Martin Roper를 임명했다고 발표했으며, Preet Michelson은 이사회에서 사임했습니다. 이 변화로 이사회는 총 9명의 이사를 유지하며, 그 중 8명이 독립 이사입니다.
Lopez는 AMC Entertainment Holdings의 전 사장 겸 CEO이자 Starbucks Coffee Company의 EVP로서 풍부한 경영 경험을 보유하고 있습니다. 현재 CBRE Group, Newell Brands, Realty Income 이사로 활동 중입니다. Roper는 현재 Vita Coco Company의 CEO이며 Fintech 이사회 멤버로, 이전에는 The Boston Beer Company의 CEO를 역임했습니다.
이사회 의장 Donn Lux는 새로운 이사들의 산업 지식과 운영 전문성이 MGPI의 다음 성장 단계와 전략적 우선순위를 이끄는 데 큰 도움이 될 것이라며 신뢰를 표명했습니다.
MGP Ingredients (MGPI) a annoncé la nomination de deux nouveaux administrateurs indépendants à son conseil d'administration : Gerardo 'Gerry' Lopez et Martin Roper, tandis que Preet Michelson a démissionné du conseil. Suite à ces changements, le conseil comptera neuf membres, dont huit indépendants.
Lopez apporte une solide expérience de direction, ayant été président et CEO d'AMC Entertainment Holdings ainsi que EVP chez Starbucks Coffee Company. Il siège actuellement aux conseils d'administration de CBRE Group, Newell Brands et Realty Income. Roper est l'actuel CEO de Vita Coco Company et membre du conseil de Fintech, avec une expérience antérieure en tant que CEO de The Boston Beer Company.
Le président du conseil, Donn Lux, a exprimé sa confiance dans le fait que la connaissance du secteur et l'expertise opérationnelle des nouveaux administrateurs aideront à orienter la prochaine phase de croissance et les priorités stratégiques de MGPI.
MGP Ingredients (MGPI) hat die Ernennung von zwei neuen unabhängigen Direktoren in seinen Vorstand bekannt gegeben: Gerardo 'Gerry' Lopez und Martin Roper, während Preet Michelson aus dem Vorstand zurückgetreten ist. Nach diesen Änderungen wird der Vorstand aus neun Mitgliedern bestehen, von denen acht unabhängig sind.
Lopez bringt umfangreiche Führungserfahrung mit, da er ehemaliger Präsident und CEO von AMC Entertainment Holdings sowie EVP bei Starbucks Coffee Company ist. Derzeit sitzt er in den Vorständen von CBRE Group, Newell Brands und Realty Income. Roper ist derzeit CEO der Vita Coco Company und Mitglied des Vorstands von Fintech, mit vorheriger Erfahrung als CEO der Boston Beer Company.
Der Vorstandsvorsitzende Donn Lux äußerte Vertrauen, dass das Branchenwissen und die operative Expertise der neuen Direktoren MGPI in der nächsten Wachstumsphase und bei den strategischen Prioritäten unterstützen werden.
- Addition of two experienced industry executives with relevant operational expertise
- Maintained high ratio of independent directors (8 out of 9)
- New directors bring beverage industry and consumer products experience
- None.
Concurrent with these appointments, Preet Michelson has resigned as a member of the Board. Following these changes, the Board will return to nine directors, eight of whom are independent directors.
Donn Lux, Chairman of the Board, said, “We are pleased to welcome Gerry and Martin as independent directors to our Board of Directors. They bring proven leadership, relevant industry knowledge, and an established track record of driving strategic and operational excellence to our Board and the company. We look forward to gaining their insights to help guide the company into its next phase of growth and are confident their unique skills and perspectives will help the company execute its strategic priorities and deliver strong shareholder returns."
He added, “The Board thanks Ms. Michelson for her service and contributions to the company and wishes her well for her future endeavors.”
Gerry Lopez was previously the President and Chief Executive Officer of AMC Entertainment Holdings, Inc. and its subsidiary, AMC Entertainment, Inc. Prior to that he was EVP at Starbucks Coffee Company and President of its Global Consumer Products, Seattle’s Best Coffee, and Foodservice divisions. He also served as Executive-in-Residence and Operating Partner at Softbank Investment Advisers, Inc. Mr. Lopez serves on the Board of Directors of CBRE Group, Inc., Newell Brands Inc., and Realty Income Corporation and previously served on several Boards, including Brinker International, Inc., Extended Stay America, Inc., AMC Entertainment Holdings, Inc., and TXU, Inc.
Martin Roper is Chief Executive Officer and member of the Board of Vita Coco Company. He also serves on the Board of Fintech, a leading solutions provider for beverage alcohol retailers and distributors. He previously served as Chief Executive Officer of The Boston Beer Company and served on its Board of Directors as well as on the Board of LL Flooring Holdings, Inc. and Bio-Nutritional Research Group, Inc.
About MGP
MGP Ingredients, Inc. (Nasdaq: MGPI) has been formulating excellence since 1941 by bringing product ideas to life across the alcoholic beverage and specialty ingredient industries through three segments: Branded Spirits, Distilling Solutions, and Ingredient Solutions. MGP is one of the leading spirits distillers with an award-winning portfolio of premium brands including Penelope, Rebel, Remus, and Yellowstone bourbons and El Mayor tequila, under the Luxco umbrella. With distilleries in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250416801274/en/
For More Information
Investors:
Amit Sharma
amit.sharma@mgpingredients.com
Media:
Patrick Barry
patrick@byrnepr.net
314-540-3865
Source: MGP Ingredients, Inc.
FAQ
Who are the new board members appointed to MGP Ingredients (MGPI)?
How many independent directors does MGPI's board now have?
What is Gerry Lopez's background and experience before joining MGPI's board?
What relevant industry experience does Martin Roper bring to MGPI's board?
