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United States

Lancaster Colony Corp (LANC.O)

LANC.O on Nasdaq

117.50USD
22 Sep 2017
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Summary

Name Age Since Current Position

John Gerlach

61 2017 Executive Chairman of the Board

David Ciesinski

50 2017 President, , Chief Compliance Officer, Director

Douglas Fell

54 2014 Chief Financial Officer, Vice President, Treasurer, Assistant Secretary

James Bachmann

74 2007 Lead Independent Director

Neeli Bendapudi

53 2005 Independent Director

William Carter

63 2015 Independent Director

Kenneth Cooke

67 2010 Independent Director

Robert Fox

67 1991 Independent Director

Alan Harris

62 2008 Independent Director

Robert Ostryniec

55 2014 Independent Director

Zuheir Sofia

72 1998 Independent Director

Biographies

Name Description

John Gerlach

Mr. John B. Gerlach, Jr. is Executive Chairman of the Board of the Company. Mr. Gerlach was Chairman of the Board, Director, President, Chief Executive Officer of Lancaster Colony Corp. Chairman of the Board, Chief Executive Officer and President of the Corporation since 1997. Mr. Gerlach brings significant leadership and operational management experience to the Board. Mr. Gerlach has demonstrated strong executive leadership skills through over 30 years of executive officer service with the Corporation, including over 15 years as CEO. Mr. Gerlach is the Corporation’s longest serving director. This experience, combined with his service on the board of Huntington Bancshares Incorporated and numerous non-profit organizations provide Mr. Gerlach with vast board level leadership capabilities. Perhaps most importantly, Mr. Gerlach’s significant ownership interest in the Corporation assures that top leadership is directly aligned with the interest of our shareholders.

David Ciesinski

Mr. David A. Ciesinski is re designated as President, , Chief Compliance Officer, Director of the Company effective July 1, 2017 . Mr. Ciesinski most recently served as President of the Meals Solutions Division at Kraft Foods Group, Inc. His prior experience includes 15 years in the packaged foods industry, including the role of Group Vice President and Chief Marketing Officer, U.S. Consumer Products with H.J. Heinz Company. President of T. Marzetti Company, the specialty foods subsidiary of the Corporation, since 2016.

Douglas Fell

Mr. Douglas A. Fell is appointed as Chief Financial Officer, Vice President, Treasurer, Assistant Secretary of Lancaster Colony Corporation. Mr. Fell has been with the Company since 1993, most recently serving as Senior Vice President of Finance of the Company’s wholly-owned subsidiary, T. Marzetti Company (“T. Marzetti”), since 2012, in which capacity he oversaw T. Marzetti’s finance and information technology functions. Between 2010 and 2011, Mr. Fell served as Senior Vice President of Strategic Development of T. Marzetti, in which capacity he oversaw T. Marzetti’s information technology and ERP functions. Between 2008 and 2010, Mr. Fell served as Senior Vice President of Operations of T. Marzetti, in which capacity he oversaw T. Marzetti’s information technology and plant operations functions. Mr. Fell also served as the Company’s Corporate Controller from 1993 to 1996. Prior to his employment with the Company, Mr. Fell was a Senior Audit Manager with Deloitte and Touche.

James Bachmann

Mr. James B. Bachmann is Lead Independent Director of Lancaster Colony Corporation. Mr. Bachmann has been retired from full-time employment since 2003. He served as Managing Partner of the Columbus, Ohio office of Ernst & Young LLP, a registered independent public accounting firm, from 1992 to 2003. Mr. Bachmann’s significant public company accounting and financial experience has been immensely valuable to the Corporation and to the Audit Committee. He is also a director of Abercrombie & Fitch Co. and chair of its audit committee, providing additional experience overseeing the issues that face public companies operating in retail markets.

Neeli Bendapudi

Ms. Neeli Bendapudi is an Independent Director of Lancaster Colony Corporation. Ms. Bendapudi currently serves as Provost and Executive Vice Chancellor of the University of Kansas and has held that position since July 2016. She also served as Dean of the School of Business of the University of Kansas from July 2011 to July 2016. She also served as Professor/Associate Professor of Marketing at The Ohio State University from 1996 to 2007 and from October 2008 to July 2011; and Executive Vice President and Chief Customer Officer of Huntington National Bank from April 2007 until October 2008. Ms. Bendapudi’s extensive knowledge of marketing, brand strategies and consumer behavior provides considerable benefit in the Board’s oversight of our retail marketing strategies in the Specialty Foods segment. As an educator, Ms. Bendapudi adds to the diversity of experience the Corporation values in its leadership.

William Carter

Mr. William H. Carter is an Independent Director of the Company. Mr. Carter has been retired from full-time employment since December 2015. He served as Executive Vice President and Chief Financial Officer of Hexion Inc. (formerly known as Momentive Specialty Chemicals Inc.), an international specialty chemicals and materials company, and held those positions from April 1995 to December 2015. In addition, he served as a director of Hexion Inc. from November 2001 to December 2015. Mr. Carter also served as Executive Vice President and Chief Financial Officer and a director of Momentive Performance Holdings LLC and its wholly-owned subsidiary Momentive Performance Materials Inc. from October 2010 until October 2014. Momentive Performance Materials Inc. voluntarily filed to reorganize under Chapter 11 of the U.S. Bankruptcy Code in April 2014 and emerged from the Chapter 11 reorganization in October 2014. Prior to joining Hexion Inc., Mr. Carter was a partner with Price Waterhouse LLP, which he joined in 1975. He is also a director of M/I Homes, Inc. and chair of its audit committee, providing additional experience overseeing the issues that face public companies. He currently serves on the board of trustees of the James Cancer Foundation Board. Mr. Carter’s extensive finance and accounting experience provides the Board with valuable expertise in numerous financial areas, including accounting, tax, treasury, capital markets and strategic planning.

Kenneth Cooke

Mr. Kenneth L. Cooke is an Independent Director of Lancaster Colony Corporation. Mr. Cooke currently serves as a Director, the President and Chief Operating Officer of Intermedix Corporation, a leading provider of technology-enabled solutions for the healthcare and emergency preparedness and response industries. He has been the President since February 2015 and has served as a Director and the Chief Operating Officer since 2008. He also served as Executive Vice President from March 2008 to February 2015. He served as Global Chief Information Officer of PricewaterhouseCoopers LLP (PwC), a registered independent public accounting firm, from July 2001 to March 2008; and Partner, PwC from 1986 to March 2008. Mr. Cooke has over 30 years of experience in public accounting. At PwC, Mr. Cooke served in a variety of senior US and Global leadership positions specializing in tax, audit and other accounting and consulting services. Mr. Cooke also has significant experience in information technology and business process optimization as well as mergers and acquisitions and has worked with other food businesses. His current position provides additional experience as an operations officer and director. The breadth and depth of Mr. Cooke’s experience enables Mr. Cooke to provide significant contributions to the Board.

Robert Fox

Mr. Robert L. Fox is an Independent Director of Lancaster Colony Corporation. Mr. Fox currently serves as an Account Executive at Sweney Cartwright & Co., a stock brokerage firm, and has held that position since November 2014. He previously served as a Financial Adviser for Wells Fargo Advisors, a stock brokerage firm, from July 2008 to November 2014. He also served as Financial Adviser for A.G. Edwards & Sons, Inc., a stock brokerage firm, from 2005 to July 2008; and Financial Adviser for Advest, Inc., a stock brokerage firm, from 1978 to 2005. Mr. Fox has over 30 years of experience in the securities industry analyzing and evaluating the financial, operational and managerial capabilities of public companies. This experience enables Mr. Fox to better view the Corporation from a shareholder’s perspective and contribute that perspective to the Board. As a member of the Board for over 20 years, Mr. Fox demonstrates an extensive knowledge of our business, our history and the markets we serve. Mr. Fox’s significant ownership interest in the Corporation assures that his interests are directly aligned with those of our shareholders.

Alan Harris

Mr. Alan F. Harris is an Independent Director of Lancaster Colony Corporation. Mr. Harris has been retired from full-time employment since 2007. He served as Executive Vice President and Chief Marketing and Customer Officer of Kellogg Company, a food products company, from 2003 to 2007; and Executive Vice President and President, Kellogg Company International Division from 2000 to 2003. With over 23 years of experience at Kellogg in a variety of positions, Mr. Harris possesses extensive domestic and international experience in the retail food industry, as well as considerable consumer marketing expertise. In addition, Mr. Harris embodies many other desirable qualities that contribute to the leadership of the Corporation, including strong general management breadth and experience and significant strategic acumen. Mr. Harris has made significant contributions in key areas of oversight, including strategic planning, risk assessment and product development.

Robert Ostryniec

Mr. Robert P. Ostryniec is an Independent Director of the Company. Mr. Ostryniec currently serves as Chief Product Supply Officer for Keurig Green Mountain, Inc. and has held that position since 2013. He also served as Senior Vice President for H.J. Heinz Company from 2010 to 2013; and Global Supply Chain Officer of H.J. Heinz Company from 2003 to 2013. Mr. Ostryniec has 32 years of experience as an executive in manufacturing, purchasing, supply chain and logistics roles for publicly traded, consumer focused companies including General Electric Company, Stanley Black & Decker, Inc., H.J. Heinz Company and Keurig Green Mountain, Inc. The Board believes Mr. Ostryniec’s significant management experience, particularly in manufacturing, purchasing, supply chain and logistics, will enable him to provide valuable perspective and insight to the Board.

Zuheir Sofia

Mr. Zuheir Sofia is an Independent Director of Lancaster Colony Corporation. Mr. Zuheir Sofia currently serves as Chairman, President, & CEO of Business Bank of Florida, Corp., a bank holding company, and as Director of Florida Business Bank, a community bank, and has held those positions since April 2007. He also currently serves as Chairman of Sofia & Company, Inc., a financial advisory firm, and has held that position since 1998. Mr. Sofia served as President, Chief Operating Officer, Director and Treasurer of Huntington Bancshares Incorporated, a bank holding company, from 1984 to 1998 and also served as Chairman of the Board of Trustees at The Ohio State University. Mr. Sofia’s extensive leadership experience with Huntington, Sofia & Company and Business Bank of Florida, Corp. has allowed him to bring to the Board his demonstrated management ability at the executive level. Mr. Sofia has significant experience in mergers and acquisitions, treasury, capital markets and asset liability management. Mr. Sofia’s attributes also include financial, strategic planning, risk management and operation expertise. The depth and knowledge of Mr. Sofia’s current and past service as a director of several public and private companies and as chairman and board member of several non-profit organizations provides an invaluable expertise and insight to the Board.

Basic Compensation

Name Fiscal Year Total

John Gerlach

1,512,860

David Ciesinski

1,260,920

Douglas Fell

1,000,010

James Bachmann

177,974

Neeli Bendapudi

156,974

William Carter

129,392

Kenneth Cooke

162,974

Robert Fox

161,974

Alan Harris

159,974

Robert Ostryniec

146,474

Zuheir Sofia

168,974
As Of  29 Jun 2016