Farmer Bros. Co. Board Names Randy Clark as Next Chairman of the Board – Guenter Berger to Become Chairman Emeritus
“We are deeply grateful to Guenter for his dedicated service to Farmer Brothers for over 55 years,” said
“As the company results continue to improve, and we have built a strong Board of Directors and Management team, I think this is the right time to transition the Chairman role to Randy Clark,” said
Mr. Berger will assume the role of Chairman Emeritus following his long and distinguished service to the Company and the Board. Mr. Berger has served on the Board of Directors since 1980, serving as Chairman since 2005. He retired in
Mr. Keown went on to state, “The transition of this position demonstrates Farmer Brothers’ commitment to long-term succession planning. Randy has been a strong leader on the Board as we implement our core strategies in the marketplace, and the
Mr. Clark is a retired foodservice executive and CPA. He has consulted for equity groups in the food industry since 2009 and has served on the board of trustees for
“This is an exciting time for Farmer Brothers,” stated Mr. Clark. “I have watched the Company grow under Guenter Berger’s guidance and influence. We believe we have enormous opportunity ahead to expand on the Company’s reputation and commitment to its customers, shareholders and employees. I am proud and honored to lead the Board as we work to continue that success into Farmer Brothers’ next chapter.”
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Certain statements in this press release constitute “forward-looking statements.” When used in this press release, the words “will,” “expects,” “anticipates,” “estimates” and “believes,” and similar expressions and statements that are made in the future tense or refer to future events or developments, are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Investor Contact:Isaac N. Johnston, Jr. (682) 549-6663 Media Contact:Kyle Mallory Koopman Ostbo Marketing Communications kyle@koopmanostbo.com Direct: 503-517-6964