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MGP Ingredients Appoints Julie Francis as New CEO and President, Reaffirms 2025 Guidance
ByAinvest
Monday, Jul 21, 2025 12:28 pm ET1min read
MGP Ingredients has appointed Julie Francis as its new CEO and President, effective immediately. Francis, previously Chief Operating Officer at Schwan's Company, will become a board member at the annual meeting of stockholders in 2026. Brandon Gall will continue as CFO. The company reaffirmed its 2025 guidance, expecting net sales between $520 million and $540 million and adjusted EBITDA in the range of $105 million to $115 million.
MGP Ingredients, Inc. (Nasdaq: MGPI) has appointed Julie Francis as its new Chief Executive Officer and President, effective immediately. Francis, previously Chief Operating Officer at Schwan's Company, will join the company's Board of Directors at the 2026 Annual Meeting of Stockholders [1]. Brandon Gall, who has served as Interim President and Chief Executive Officer since January 1, 2025, will continue to serve as Chief Financial Officer [1].Francis brings over 30 years of leadership experience in the branded food and beverage industries. She has previously held senior roles at Schwan's Company, Constellation Brands, and The Coca-Cola Company [1]. Her appointment is seen as a strategic move to drive growth and align the company's businesses with current consumer trends [1].
The company has reaffirmed its 2025 financial guidance, expecting net sales between $520 million and $540 million and adjusted EBITDA in the range of $105 million to $115 million [2, 3]. These figures reflect the company's commitment to its long-term vision of becoming a premier, branded spirits company [1].
Francis expressed her excitement about the opportunity to lead MGP and build upon its strong foundation. She looks forward to working closely with Gall and the MGP team to grow the company's brands, deepen consumer connections, and create value for all stakeholders [1].
References:
[1] https://www.businesswire.com/news/home/20250721992920/en/MGP-Ingredients-Appoints-Julie-Francis-as-Chief-Executive-Officer
[2] https://www.nasdaq.com/articles/mgp-ingredients-appoints-julie-francis-chief-executive-officer-backs-annual-outlook
[3] https://www.marketscreener.com/news/mgp-ingredients-inc-reaffirms-earnings-guidance-for-the-full-year-of-2025-ce7c5cdcd98df024
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