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August 28, 2015 6:31 PM 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

Phone:

651-481-2222

Key Executives for Land O Lakes Inc.

Chief Executive Officer and President
Age: 56
Chief Financial Officer, Executive Vice President and Chief Financial Officer of Land O Lakes Farmland Feed
Age: 58
Chief Supply Chain & Operations Officer and Executive Vice President
Age: 51
Chief Administrative Officer, Senior Vice President and General Counsel
Age: 55
Senior Vice President of M&A and Ventures
Age: 58
Compensation as of Fiscal Year 2015.

Land O Lakes Inc. Key Developments

Land O Lakes Announces New European Style Butter

Land O'Lakes is adding to its popular line of dairy products with the launch of new LAND O LAKES® European Style Butter, now available in select markets across the country. LAND O LAKES® European Style Butter is a super premium butter made with sweet cream. It has a higher fat content than traditional butters (82%, rather than 80%), giving it a rich, indulgent flavor and an extra-creamy texture. This makes it perfect for special moments--whether you're spreading on fresh bread or cooking savory dishes -- when the flavor of butter will shine through. U.S. butter consumption has been steadily on the rise, as Americans look to simple, traditional foods for flavor and wholesome ingredients. While European style super premium butters comprise about 1% of the entire market volume, sales are rising quickly, and the category is growing. LAND O LAKES® European Style Butter is available either salted or unsalted, in half-pound boxes, with two convenient 4-ounce sticks, each individually wrapped in a FlavorProtect® Wrapper, per box. The butter is available at select retailers including Walmart, Kroger, Safeway and Super Target. Like all Land O'Lakes products, new European Style Super Premium Butter starts with high-quality ingredients, including fresh sweet cream. The company's test kitchen experts have developed new recipes that allow the premium-quality butter flavor to stand out.

Land O Lakes Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Land O'Lakes Inc. reported earnings results for the second quarter and six months ended June 30, 2015. The company reported second-quarter earnings dropped 16.5% to $80.9 million. Net sales were $3.4 billion, down from $3.9 billion in the same quarter last year. Year to date through June 30, the company reported net sales of $7.1 billion and earnings of $180 million, both figures down from the same period last year. Overall result through the second quarter continues to be negatively impacted by declining commodity markets.

Land O'Lakes, Inc. Names Kim Olson as Chief Communications Officer, Effective from July 20, 2015

Land O'Lakes Inc. appointed Kim Olson as Chief Communications Officer. Olson joins Land O'Lakes on July 20. Olson brings more than 25 years of experience to Land O'Lakes, where she will lead the strategic development, direction and implementation of corporate communications programs. Olson joins Land O'Lakes after leaving Minnesota State Colleges and Universities and her role as Chief Marketing and Communications Officer. As Vice President of Corporate Communications, Olson will shape the strategic direction for Land O'Lakes Communications team including the creation and implementation of communication strategies for all stakeholders.

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