ARDEN HILLS, Minn., May 31, 2018 -- 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.
"On behalf of the Board of Directors, I want to thank Chris for his many years of service on behalf of the company and the results he has generated," said Pete Kappelman, Chairman of the Land O'Lakes, Inc. Board of Directors.
"It's been a privilege to help lead Land O'Lakes through a period of growth and innovation," said Policinski. "My deepest thanks go to the members and employees who have made our success possible and who have created the opportunities ahead."
Policinski's tenure has been marked by significant growth in the size of the company which is twice the size today than it was when he assumed leadership nearly 13 years ago. In addition, Policinski oversaw global expansion in recent years with joint ventures in both South Africa and Kenya, and the biggest merger in the company's history with United Suppliers in 2016. In addition, Policinski has championed Land O'Lakes' continued investment in the Minneapolis/St. Paul, Minn. community in which the company is headquartered.
With nearly 40 years of experience in the food industry, Policinski held positions with Kraft General Foods, Bristol-Myers Squibb and The Pillsbury Company before joining Land O'Lakes. In addition, he is active at the board level with various industry associations, trade groups and corporations.
Today's announcement is part of a leadership succession plan directed by the board. 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.
About Land O'Lakes, Inc.
Land O'Lakes, Inc., one of America's premier agribusiness and food companies, is a member-owned cooperative with industry-leading operations that span the spectrum from agricultural production to consumer foods. With 2017 annual sales of $14 billion, Land O'Lakes is one of the nation's largest cooperatives, ranking 216 on the Fortune 500. Building on a legacy of more than 96 years of operation, Land O'Lakes today operates some of the most respected brands in agribusiness and food production including LAND O LAKES® Dairy Foods, Purina Animal Nutrition, WinField United and Land O'Lakes SUSTAIN. The company does business in all 50 states and more than 60 countries. Land O'Lakes, Inc. corporate headquarters are located in Arden Hills, Minn.