Mark Karns Joins Ingredion as VP Corporate Development and M&A
Rhea-AI Summary
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.
Positive
- 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
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, INGR declined 0.19%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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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