Darling Ingredients names new strategy leader

Texas-based Darling Ingredients announced Robert Day as its new Chief Strategy Officer (CSO).

The company’s Chairman and CEO, Randall C. Stuewe, says that Day “brings a wealth of agribusiness experience and an impressive track record of developing and transforming businesses.” 

He has 3 decades of experience in agriculture and energy commodities in various regions, including Asia, Latin America and the US.

He worked at investment bank Ascendant Partners, which focuses on the agriculture, food and renewable energy industries. 

Looking back further in his career, he was CEO of Ceres Global Ag Corp., which centers around transportation, logistics, supply chain and storage in the US. In addition, he was managing director at ED&F Man, an international trade and development business.

Day is replacing John Bullock as CSO, who is retiring from his position after working for Darling Ingredients since 2012.

Shareholders insight

The company’s food and feed ingredient net sales in Q1 2023 ending 1 April 2023 amounted to $1.6 billion (€1.4B).

The Financial Times published that 38.15% of Darling Ingredients’ shares are held by top holders. These top shareholders include the Vanguard Group, Impax Asset Management and Deutsche Bank. 

Analysis website Best Stocks states that the company’s performance on the New York Stock Exchange has “been favorable for shareholders,” as its stock has shown “notable stability.”