Karns Joins Ingredion as Vice President for M&A

Portfolio - People | Nov 13, 2024 | EIN

Karns Joins Ingredion as Vice President for M&A

Ingredion Incorporated has appointed Mark Karns as its vice president for Corporate Development and M&A, effective December 2, 2024. In his role, Karns will lead the corporate strategy and M&A function to optimize Ingredion's strategic growth initiatives. Reporting directly to the CEO, Jim Zallie, Karns brings his extensive experience across M&A, capital markets, and consulting to his new position. Having previously held senior M&A roles at Whirlpool Corporation, Baird's global consumer investment banking group, Boston Consulting Group, and Goense Bounds & Partners, Karns is well-versed in the intricacies of transaction valuation and execution. Ingredion, with annual net sales of around $8 billion in 2023, is a leading global provider of ingredient solutions with a focus on food, beverage, and industrial markets. Karns aims to leverage his experience to solidify Ingredion's status as a leading provider of healthful ingredient solutions.

Sectors

  • Food and Beverage
  • Corporate Finance and Mergers & Acquisitions

Geography

  • United States – Ingredion is headquartered in the suburbs of Chicago, and the appointment involves an executive hire within an American company.

Industry

  • Food and Beverage – Ingredion is engaged in creating ingredient solutions for the food and beverage industry, making this industry classification highly relevant.
  • Corporate Finance and Mergers & Acquisitions – The article discusses a leadership appointment in corporate development and M&A, indicating relevance to corporate finance and transactions.

Financials

  • $8 billion – Ingredion's annual net sales in 2023.

Participants

NameRoleTypeDescription
Mark KarnsVice President, Corporate Development and M&APeopleAn experienced leader appointed to lead Ingredion's corporate strategy and M&A initiatives.
Ingredion IncorporatedTarget CompanyCompanyA leading global provider of ingredient solutions for the food, beverage, and industrial markets.
Jim ZalliePresident and CEOPeoplePresident and CEO of Ingredion Incorporated.
Whirlpool CorporationPrevious Employer of Mark KarnsCompanyMark Karns previously served as the Global Head of Mergers and Acquisitions at Whirlpool Corporation.