Mark Karns Takes on New Role at Ingredion
Ingredion Incorporated (NYSE: INGR), a prominent global supplier of ingredient solutions, has announced significant leadership changes with the appointment of Mark Karns as vice president of corporate development and mergers & acquisitions. His role is set to commence on December 2. Mark will join the executive leadership team and will be reporting directly to Jim Zallie, the president and CEO of Ingredion.
The Role of Karns in Corporate Strategy
Karns' primary responsibility will be to lead a unified strategy that combines corporate planning with M&A activities. This integrated approach is designed to enhance Ingredion’s growth objectives and ensure alignment across various projects within the company. His extensive background in mergers and acquisitions positions him well to navigate this vital area of corporate strategy.
Experience and Expertise of Mark Karns
Prior to joining Ingredion, Karns held a pivotal role at Whirlpool Corporation, where he was the global head of mergers and acquisitions. His responsibilities included overseeing the development of strategic portfolio transformation initiatives within Whirlpool. Before his tenure at Whirlpool, Karns was a director in the global consumer investment banking division at Baird. During his nine years there, he successfully executed over 60 M&A and financing transactions.
A Proven Track Record
Mark's career also includes significant roles in strategy consulting at Boston Consulting Group and private equity at Goense Bounds & Partners. His experience spans various consumer sectors, ranging from food and beverages to home appliances and outdoor recreation, showcasing his capability to manage complex transactions effectively. This diverse expertise is crucial as Ingredion seeks to broaden its footprint in the ingredient solutions market.
Karns' Vision for Ingredion
In reflecting on his new position, Karns expressed enthusiasm about working closely with the leadership team at Ingredion. He emphasized his desire to contribute to the company’s vision of being the leading provider of texture and healthful solutions. His goals include fostering an environment that enhances innovation and collaboration, aiming to make healthy eating more appealing for consumers.
About Ingredion Incorporated
Founded and headquartered in the suburbs of Chicago, Ingredion (NYSE: INGR) operates in nearly 120 countries, delivering ingredient solutions to a vast array of industries including food, beverage, and animal nutrition. The company reported annual net sales of around $8 billion in its most recent fiscal year. With a dedicated workforce of over 12,000 employees and innovation centers worldwide, Ingredion strives to partner with clients to develop customized solutions that leverage the natural properties of plants, thereby enhancing the quality and nutritional value of their products.
Innovation and Customer Collaboration
At the heart of Ingredion’s mission is the Ingredion Idea Labs, which serves as an innovation hub for collaboration with customers. These centers focus on co-creating ingredient solutions that benefit both consumers and businesses alike. Their commitment to sustainability and innovation continues to set them apart in the competitive global market.
Contact Information
Investors: Noah Weiss, 773-896-5242, noah.weiss@ingredion.com
Media: Rick Wion, 708-209-6323, rickwion@ingredion.com
Frequently Asked Questions
Who is Mark Karns?
Mark Karns is the newly appointed vice president of corporate development and M&A at Ingredion, joining from Whirlpool Corporation.
What is Karns' role at Ingredion?
He will lead the corporate strategy and M&A functions, aligning them with Ingredion's growth objectives.
What experience does Karns bring to Ingredion?
Karns has a strong background in M&A, investment banking, and strategy consulting, having completed over 60 transactions in various sectors.
What is Ingredion known for?
Ingredion is recognized as a leading global provider of ingredient solutions, focusing on healthful and innovative product offerings in the food and beverage industry.
How can I contact Ingredion for inquiries?
You can contact Noah Weiss for investor inquiries at 773-896-5242 or Rick Wion for media inquiries at 708-209-6323.
