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|INGREDION CFO JACK FORTNUM ANNOUNCES RETIREMENT; JIM GRAY, CURRENTLY VP CORPORATE FINANCE, TO SUCCEED FORTNUM AS CFO ;|
WESTCHESTER, Ill., February 2, 2017 - Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to diversified industries, today announced that Jack Fortnum, CFO and executive vice president, plans to retire on June 30, 2017 after 33 years with the company.
Jim Gray, Ingredion vice president corporate finance, will be become executive vice president and CFO effective March 1, when Fortnum will move into a senior advisory role until his retirement.
"We greatly appreciate Jack's years of dedication to Ingredion. His combination of financial, operational and international experience has made him an invaluable business partner in executing Ingredion's growth strategy and delivering shareholder value. He has been an enthusiastic leader and valued member of our executive team," said Ilene Gordon, Ingredion chairman, president and CEO. "Jack will be missed by our leadership team, employees, directors and external constituents. We wish him our best.
"Jim will be a welcome addition to the executive team. With his breadth of experience, both within and outside of the Company, he adds incredible perspective and value. I look forward to working with Jim in this role," Gordon added.
Gray joined Ingredion in 2014 as vice president finance North America. Prior to Ingredion, he spent 12 years at PepsiCo, Inc. in senior finance and strategy positions, including three years as Gatorade division CFO and vice president finance PepsiCo. Gray earned a master's degree from the Kellogg School of Management, Northwestern University in Evanston, Illinois and a bachelor's degree from the University of California, Berkeley.
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602