Cal-maine Foods Creates Chief Strategy Officer Role

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US ovum shaper Cal-Maine Foods has appointed Keira Lombardo to nan recently created domiciled of main strategy serviceman (CSO), effective immediately.  

“The creation of this domiciled underscores Cal-Maine Food’s committedness to delivering semipermanent worth done operational excellence, innovation, and deeper stakeholder engagement,” nan institution said successful a statement.

Lombardo has been brought successful arsenic an outer assignment and will “work to align nan Mississippi-headquartered ovum supplier’s soul imagination pinch outer priorities”. 

She brings much than 2 decades of acquisition successful nutrient and agriculture. Previously, Lombardo was nan CEO of Dairy MAX, a dairy organisation representing astir 700 husbandman families crossed 8 US states.  

Before Dairy MAX, Lombardo was a elder executive astatine nutrient awesome Smithfield Foods, which is owned by China’s WH Group and precocious made its debut connected nan Nasdaq banal exchange.

The assignment follows nan issuance successful July of Cal-Maine’s financial results for nan twelvemonth to 31 May. 

Net income jumped by much than 83% to $4.3bn. The institution said maturation was driven by higher volumes and accrued nett mean trading prices of ammunition eggs. 

Operating income surged to $1.5bn from $312m a twelvemonth earlier. Net income attributable to nan institution climbed to $1.2bn from $278m. 

In April, Cal-Maine Foods agreed to acquire Echo Lake Foods, a meal foods manufacturer, for astir $258m.  

“With nan summation of Echo Lake Foods, we person a important opportunity to proceed to prosecute further maturation successful our prepared foods portfolio, which we expect will diversify our merchandise offering, leverage our existing distribution channels and grow our scope successful retail, quick-service restaurants, and different foodservice customers.”