SunOpta Inc. (Nasdaq:STKL) (TSX:SOY), a leading name in the sustainable, plant-based food and beverage industry, has today made a significant announcement regarding its leadership. Joseph D. Ennen, who has been at the helm as the Chief Executive Officer for the past five years, is set to retire. His tenure will be remembered for his remarkable contribution to the company’s growth and stability. In his place, the Board has confidently appointed Brian W. Kocher as the new CEO, effective January 2, 2024.
Brian W. Kocher, a seasoned leader in the food industry, is known for his expertise in managing manufacturing-intensive businesses in complex, multinational environments. His previous roles include serving as President and CEO of Calavo Growers Inc. and Castellini Group of Companies, as well as an interim CEO position at Chiquita. His track record in driving growth and operational productivity is expected to be a significant asset to SunOpta as it navigates its next phase of expansion.
The transition is planned to be seamless, with Ennen continuing as an advisor to both the Board and Mr. Kocher until April 1, 2024. This strategy is designed to align with the best interests of all stakeholders involved.
Dean Hollis, Chair of SunOpta’s Board, expressed his gratitude towards Mr. Ennen for his visionary leadership, which has been instrumental in transforming SunOpta’s portfolio and strengthening its financial foundation. This transformation has positioned SunOpta to leverage future growth opportunities effectively.
Joseph D. Ennen reflected on his tenure with pride, especially highlighting the team’s dedication and the company’s steady growth in volume, revenue, and Adjusted EBITDA. He expressed confidence in Brian Kocher’s capabilities to lead SunOpta, emphasizing his deep industry knowledge and commitment to the company’s mission.
Brian W. Kocher expressed his enthusiasm about leading SunOpta into its new chapter, acknowledging the strong foundation laid by his predecessor. He looks forward to advancing the company’s mission of fueling the future of food, building on the existing momentum.
Brian W. Kocher’s Background:
Brian W. Kocher’s impressive career spans various leadership roles. Before his tenure at Calavo Growers Inc., he led the Castellini Group of Companies and held significant positions at Chiquita Brands International, Inc. He is an alumnus of Ohio University, holding a Bachelor of Business Administration in Accounting.
This leadership change marks a pivotal moment for SunOpta, as it continues to champion the cause of sustainable and plant-based food solutions. Stakeholders and industry watchers alike are keen to see how Brian W. Kocher’s vision and strategy will steer SunOpta towards new horizons of success and innovation.
