Ingredion appoints Mark Karns as VP of M&A
People | Dec 02, 2024 | EIN
Ingredion, a prominent player in the food industry, has appointed Mark Karns as vice president of corporate development and mergers and acquisitions, effective December 2. In this role, Karns will oversee corporate strategy and M&A initiatives to align with Ingredion's growth objectives. Mark Karns brings a wealth of experience to his new position, having previously led M&A efforts at Whirlpool Corp. His background spans corporate development, investment banking, private equity, and strategy consulting, with significant impact across various consumer sectors. His expertise will be instrumental for Ingredion as it aims to optimize its growth strategies through well-executed mergers and acquisitions.
Sectors
- Food and Beverage
- Corporate Finance
Geography
- United States – Ingredion is headquartered in Westchester, Illinois, and this appointment is particularly relevant to its U.S. operations.
Industry
- Food and Beverage – Ingredion operates within the food and beverage sector, producing ingredients that cater to this industry.
- Corporate Finance – The appointment of a VP for M&A indicates activity in corporate finance, focusing on mergers and acquisitions as a strategic growth tool.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ingredion | Target company | Company | A global provider of ingredient solutions to the food and beverage sector. |
| Mark Karns | Vice President of Corporate Development and M&A | People | Newly appointed to lead M&A strategy and corporate development for Ingredion. |
| Whirlpool Corp. | Former Employer of Mark Karns | Company | A global leader in home appliances where Mark Karns was previously the global head of M&A. |
| Baird | Former Employer | Company | An investment banking firm where Mark Karns was a director in the global consumer investment banking group. |
| Boston Consulting Group | Former Employer | Company | A leading global management consulting firm where Mark Karns worked in strategy consulting. |
| Jim Zallie | President and CEO of Ingredion | People | Quoted discussing Mark Karns' qualifications and role at Ingredion. |