- Company Names Justinus J.G.M. Sanders as Director
IRVING, Texas, Feb. 27, 2015 /PRNewswire/ -- Darling Ingredients
Inc. (NYSE: DAR) today announced the appointment of Justinus J.G.M. Sanders to its Board of
Directors. Mr. Sanders joins the Board as an independent director,
and his appointment is effective immediately.
The appointment of Mr. Sanders will expand the total number of
directors to nine. The Board of Directors has not yet determined
the committees of the Board to which Mr. Sanders will be appointed,
if any.
Mr. Sanders resides in the
Netherlands and is the retired Chief Executive Officer of
Campina BV, an international dairy cooperative with revenues in
excess of $5 billion in consumer
products and ingredients. In addition, he has served in various
managerial functions at Mars Incorporated in Europe and Australia, both in chocolate and in pet food.
He also served as the Chief Executive Officer of PSV NV Eindhoven,
a professional European soccer team and on the boards of various
companies in Europe.
"We are pleased to further strengthen our board with the
appointment of an independent director who has management
experience relevant to our industry and who brings international
expertise to our Board," said Randall C.
Stuewe, Chairman and CEO of Darling Ingredients.
About Darling
Darling Ingredients Inc. is the world's largest publicly-traded
developer and producer of sustainable natural ingredients from
edible and inedible bio-nutrients, creating a wide range of
ingredients and customized specialty solutions for customers in the
pharmaceutical, food, pet food, feed, technical, fuel, bioenergy
and fertilizer industries. With operations on five continents, the
Company collects and transforms all aspects of animal by-product
streams into useable and specialty ingredients, such as gelatin,
edible fats, feed-grade fats, animal proteins and meals, plasma,
pet food ingredients, organic fertilizers, yellow grease, fuel
feedstocks, green energy, natural casings and hides. The Company
also recovers and converts used cooking oil and commercial bakery
residuals into valuable feed and fuel ingredients. In addition, the
Company provides grease trap services to food service
establishments, environmental services to food processors and sells
restaurant cooking oil delivery and collection equipment. For
additional information, visit the Company's website at
http://ir.darlingii.com.
{This media release contains "forward-looking" statements
regarding the business operations and prospects of Darling
Ingredients Inc. and industry factors affecting it. These
statements are identified by words such as "believe," "anticipate,"
"expect," "estimate," "intend," "could," "may," "will," "should,"
"planned," "potential," "continue," "momentum," and other words
referring to events that may occur in the future. These statements
reflect Darling Ingredient's current view of future events and are
based on its assessment of, and are subject to, a variety of risks
and uncertainties beyond its control, each of which could cause
actual results to differ materially from those indicated in the
forward-looking statements. These factors include, among others,
existing and unknown future limitations on the ability of the
Company's direct and indirect subsidiaries to upstream their
profits to the Company for payments on the Company's indebtedness
or other purposes; general performance of the U.S. and global
economies; disturbances in world financial, credit, commodities and
stock markets; any decline in consumer confidence and discretionary
spending, including the inability of consumers and companies to
obtain credit due to lack of liquidity in the financial markets;
volatile prices for natural gas and diesel fuel; climate
conditions; unanticipated costs or operating problems related to
the acquisition and integration of Rothsay and Darling Ingredients
International (including transactional costs and integration of the
new enterprise resource planning (ERP) system); global demands for
bio-fuels and grain and oilseed commodities, which have exhibited
volatility, and can impact the cost of feed for cattle, hogs and
poultry, thus affecting available rendering feedstock and selling
prices for the Company's products; reductions in raw material
volumes available to the Company due to weak margins in the meat
production industry as a result of higher feed costs, reduced
consumer demand or other factors, reduced volume from food service
establishments, reduced demand for animal feed, or otherwise;
reduced finished product prices; changes to worldwide government
policies relating to renewable fuels and greenhouse gas emissions
that adversely affect programs like the National Renewable Fuel
Standard Program (RFS2) and tax credits for biofuels both in the
U.S. and abroad; possible product recall resulting from
developments relating to the discovery of unauthorized
adulterations to food or food additives; the occurrence of Bird Flu
including, but not limited to H1N1 flu, bovine spongiform
encephalopathy (or "BSE"), porcine epidemic diarrhea ("PED") or
other diseases associated with animal origin in the U.S. or
elsewhere; unanticipated costs and/or reductions in raw material
volumes related to the Company's compliance with the existing or
unforeseen new U.S. or foreign regulations (including, without
limitation, China) affecting the
industries in which the Company operates or its value added
products (including new or modified animal feed, Bird Flu, PED or
BSE or similar or unanticipated regulations); risks associated with
the renewable diesel plant in Norco,
Louisiana owned and operated by a joint venture between
Daring Ingredients and Valero Energy Corporation, including
possible unanticipated operating disruptions; risks relating to
possible third party claims of intellectual property infringement;
increased contributions to the Company's pension and benefit plans,
including multiemployer and employer-sponsored defined benefit
pension plans as required by legislation, regulation or other
applicable U.S. or foreign law or resulting from a U.S. mass
withdrawal event; bad debt write-offs; loss of or failure to obtain
necessary permits and registrations; continued or escalated
conflict in the Middle East,
North Korea, Ukraine or elsewhere; and/or unfavorable
export or import markets. Other risks and uncertainties regarding
Darling Ingredients Inc., its business and the industries in which
it operates are referenced from time to time in the Company's
filings with the Securities and Exchange Commission. Darling
Ingredients Inc. is under no obligation to (and expressly disclaims
any such obligation to) update or alter its forward-looking
statements whether as a result of new information, future events or
otherwise.}
For More
Information, contact:
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Melissa A. Gaither,
Director Investor Relations
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251 O'Connor Ridge
Blvd., Suite 300
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Irving, Texas
75038
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Phone:
972-717-0300
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