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May 05, 2015 6:57 AM ET

Food Products

Company Overview of Land O Lakes Inc.

Company Overview

Land O’Lakes, Inc. operates as a diversified member-owned food and agricultural cooperative serving agricultural producers in the United States. It operates in three segments: Dairy Foods, Feed, and Crop Inputs. The Dairy Foods segment develops, produces, markets, and sells butter, spreads, cheese, refrigerated desserts, and other related dairy products under the brand names of LAND O LAKES, the Indian Maiden logo, Kozy Shack, and Alpine Lace, as well as under the New Yorker brand name. The Feed segment develops, produces, markets, and distributes animal feeds, such as ingredient feed, formula feed, milk replacers, vitamins, and additives to lifestyle and livestock animal markets. The Crop I...

4001 Lexington Avenue

Arden Hills, MN 55126

United States



Key Executives for Land O Lakes Inc.

Chief Executive Officer and President
Age: 55
Chief Financial Officer, Executive Vice President and Chief Financial Officer of Land O Lakes Farmland Feed
Age: 57
Chief Supply Chain & Operations Officer and Executive Vice President
Age: 50
Chief Administrative Officer, Senior Vice President and General Counsel
Age: 54
Senior Vice President of M&A and Ventures
Age: 57
Compensation as of Fiscal Year 2014.

Land O Lakes Inc. Key Developments

Land O Lakes Inc. Names Tim Scott as Senior Vice President and New Chief Marketing Officer, Effective from April 22

Land O'Lakes Inc. welcomes Tim Scott as Senior Vice President and Chief Marketing Officer. Scott joins Land O'Lakes on April 22. Scott brings 30+ years of experience to Land O'Lakes, where he will lead brand strategy and execution across Land O'Lakes' family of respected brands in agribusiness and food production's including LAND O LAKES® Dairy Foods, Purina Animal Nutrition and WinField Solutions. Scott joins Land O'Lakes after leaving McGarryBowen and his role as President, CEO International. Prior to working at McGarryBowen, Scott held various leadership positions at DDB Worldwide, FCB and JWT. Scott will oversee B2C and B2B branding and marketing strategy. He will also be responsible for building marketing competencies across all businesses and geographies for Land O'Lakes, and he will have oversight for FLM+, a recently acquired and wholly owned subsidiary of Land O'Lakes. Scott succeeds Barry Wolfish, who transitions to a new role as Senior Vice President, M&A and Ventures for Land O'Lakes Inc.

Land O'lakes, Inc. Reports Earnings Results for the Year Ended December 31, 2014

Land O'lakes Inc. reported earnings results for the year ended December 31, 2014. For the period, net sales were $14.96 billion, compared to $14.24 billion for the year ended December 31, 2013. Earnings from operations for the year ended December 31, 2014 were $282.76 million, compared to $313.76 million for the year ended December 31, 2013.

Land O'lakes, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended 2014

Land O'Lakes Inc. reported earnings results for the fourth quarter and full year ended 2014. For the quarter, the company reported net earnings of $38.3 million on quarterly revenues of $3.5 billion, a slight increase in year-over-year revenues. Fourth quarter earnings reflected the downward pressure exerted on the global dairy markets. For the full year, the company reported net earnings were $266 million, down from $306 million the previous year. These results reflect $18 million in pretax restructure and impairment charges related to a facility closure in Denmark, Wisconsin, and other organizational restructuring. Pretax earnings on continuing operations before unrealized hedging and rebate adjustments, which are used to determine member patronage, were up 11.6% to a record $308 million compared to the previous year. These results were driven by continued growth in key areas of the company's core business units: Crop Inputs, Dairy Foods and Feed.

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