MGP Ingredients appoints Julie Francis as CEO; reaffirms FY2025 guidance

MGP INGREDIENTS INC

Julie Francis named President and CEO effective July 21, 2025; previously COO at Schwan's Company.
Brandon Gall steps down as interim CEO but remains CFO.
Francis receives $900k base salary, STI target 100% of base, LTI target $2.3M, plus $100k cash sign-on and $1.5M stock options.
Company reaffirms full-year 2025 sales, adjusted EBITDA, and adjusted EPS guidance issued May 1, 2025.
Francis expected to join the Board at the 2026 Annual Meeting of Stockholders.

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