American Vanguard Hires Chief Transformation Officer
04 Décembre 2023 - 3:00PM
Business Wire
American Vanguard Corporation (NYSE: AVD) announces that it has
hired Don Gualdoni to the newly-created position of Chief
Transformation Officer. Mr. Gualdoni brings to this assignment over
25 years’ experience in various leadership roles during which he
has led several large, complex transformation projects. He joins us
most recently from Teradata (a San Diego-based software company)
and was formerly with McKinsey & Company.
Chairman and CEO, Eric G. Wintemute stated, “We are excited to
welcome Don on board as our first CTO. He will be critical to the
successful implementation of the three-pronged plan that we
announced last month to improve operating leverage and align people
and processes with enhanced profit. First, we have identified
approximately $15 million in operating profit and interest savings
to which we will be holding our managers accountable. Second, we
are two years into a digital transformation and are now working
with both our ERP sponsor, QAD, and global business consultant,
Kearney, to expedite and expand the effort among all business
centers and processes; this will enable us to make faster,
better-informed decisions in the face of volatile markets, supply
chains, climate and geopolitical shifts. Third, we are launching an
organizational transformation in which we evaluate how we are
structured, how we are incentivized to operate and how we can best
gain the greatest efficiencies and operating leverage.”
Mr. Wintemute continued, “Having led multiple successful
corporate system optimizations across various industries for many
years, Don is ideally suited to lead our global transformation. He
will be partnering closely with business leaders across our
organization to identify opportunities, develop strategic and
tactical objectives, and drive programs to successful
implementation. With his well-established skillset, I am excited to
have him guide our transformation.”
Mr. Gualdoni has a BSE in Chemical Engineering from the
University of Michigan and an MBA from the Kellogg School of
Management at Northwestern University.
About American Vanguard
American Vanguard Corporation is a diversified specialty and
agricultural products company that develops, manufactures, and
markets solutions for crop protection and nutrition, turf and
ornamentals management, commercial and consumer pest control. Over
the past 20 years, through product and business acquisitions, the
Company has expanded its operations into 17 countries and now has
over 1,000 product registrations in 56 nations worldwide. Its
strategy rests on three growth initiatives – i) Core Business
(through innovation of conventional products), ii) Green Solutions
(with over 130 biorational products – including fertilizers,
microbials, nutritionals and non-conventional products) and iii)
Precision Agriculture innovation (including SIMPAS prescriptive
application and Ultimus measure/record/verify technologies).
American Vanguard is included in the Russell 2000® and Russell
3000® Indexes. To learn more about American Vanguard, please
reference the Company’s web site at www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking
information. Except for the historical information contained in
this release, all forward-looking statements are estimates by the
Company’s management and are subject to various risks and
uncertainties that may cause results to differ from management’s
current expectations. Such factors include weather conditions,
changes in regulatory policy and other risks as detailed from
time-to-time in the Company’s SEC reports and filings. All
forward-looking statements, if any, in this release represent the
Company’s judgment as of the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20231204686814/en/
Company: American Vanguard Corporation William A. Kuser,
Director of Investor Relations (949) 260-1200
williamk@amvac.com
Investor Representative The Equity Group Inc.
www.theequitygroup.com Lena Cati / 212-836-9611
Lcati@equityny.com
American Vanguard (NYSE:AVD)
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