June 24, 2018 9:42 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 LAND O' LAKES, the Indian Maiden logo, Kozy Shack, Alpine Lace, and New Yorker brand names. The Feed segment develops, produces, markets, and distributes animal feeds, such as ingredient feed, formula feed, milk replacers, vitamins, and additives to the lifestyle and livestock animal markets. The Crop Inputs segment develops, market...

4001 Lexington Avenue North

Arden Hills, MN 55126

United States

Phone:

651-375-2222

Key Executives for Land O'Lakes, Inc.

Chief Executive Officer and President
Age: 58
Chief Financial Officer and Senior Vice President
Senior Vice President of Operations
Chief Executive Officer of FLM+ and President of FLM+
Chief Administrative Officer, Senior Vice President and General Counsel
Age: 57
Compensation as of Fiscal Year 2017.

Land O'Lakes, Inc. Key Developments

Class Action Lawsuit Against National Milk Producers Federation, Cooperatives Working Together, Dairy Farmers of America, Inc., Land O'Lakes, Inc. and Agri-Mark, Inc

The lawsuit claims that National Milk Producers Federation, Cooperatives Working Together (CWT), Dairy Farmers of America, Inc., Land O'Lakes, Inc. and Agri-Mark, Inc. (collectively "Defendants") violated the law by entering into a conspiracy to reduce milk output through a "herd retirement program," where farmers who bid to participate in the program sent their herds of milking cows to slaughter in exchange for payment, allegedly limiting the production of raw milk and driving up prices for butter and cheese. The Defendants deny that they did anything wrong. The Court has not decided who is right. The Court decided that the Class includes all persons and entities in the United States that purchased butter and/or cheese directly from one or more Members of Defendant, Cooperatives Working Together and/or their subsidiaries, during the period from December 6, 2008 to July 31, 2013. Those that are included are called "Class Members.

Land O'lakes, Inc. Announces Executive Changes

Land O'Lakes, Inc. announced that Chris Policinski will retire as Land O'Lakes President and Chief Executive Officer, effective June 30, 2018. Policinski was appointed President and CEO of the Fortune 216 farmer-owned cooperative in 2005. In addition to forming a search committee to identify a permanent CEO, the board has appointed Peter Janzen as interim CEO to ensure a smooth transition and continued execution of the company's business plans. Janzen, Land O'Lakes, SVP, General Counsel and Chief Administrative Officer, will postpone his recently announced retirement to serve the company as requested by the Board until the new CEO has been named. Janzen has been with the company for his entire career, joining Land O'Lakes, Inc. in 1983.

Land O'Lakes, Inc. Presents at Gartner Digital Marketing Conference 2018, May-16-2018 09:30 AM

Land O'Lakes, Inc. Presents at Gartner Digital Marketing Conference 2018, May-16-2018 09:30 AM. Venue: Manchester Grand Hyatt, San Diego, California, United States. Speakers: Brent Therrien, Marketing Data Analyst.

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