Land O'Lakes, Inc. announced that Chris Policinski, President and CEO will retire, effective June 30, 2018. Policinski was appointed President and CEO of the Fortune 216 farmer-owned cooperative in 2005.
"It's been a privilege to help lead Land O'Lakes through a period of growth and innovation," said Policinski in a recent press release. "My deepest thanks go to the members and employees who have made our success possible and who have created the opportunities ahead."
With nearly 40 years of experience in the food industry, Policinski has held positions with Kraft General Foods, Bristol-Myers Squibb, and The Pillsbury Company before joining Land O'Lakes. In addition, he is active at the board level with various industry associations, trade groups, and corporations.
Policinski's tenure at Land O’Lakes has been marked by significant growth in the size of the company. The company noted that it is twice the size today than it was when he assumed leadership nearly 13 years ago. In addition, Policinski oversaw global expansion in recent years with joint ventures in both South Africa and Kenya, and the biggest merger in the company's history with United Suppliers in 2016. He has headed Land O'Lakes' continued investment in the Minneapolis/St. Paul community in which the company is headquartered.
"On behalf of the Board of Directors, I want to thank Chris for his many years of service on behalf of the company and the results he has generated," said Pete Kappelman, Chairman of the Board of Directors.
The announcement is part of a leadership succession plan directed by the Board of Directors, who have formed a search committee to identify a permanent CEO. In the meantime, it has appointed Peter Janzen as interim CEO to ensure a smooth transition and continued execution of the company's business plans. Janzen, who is the company’s current Senior Vice President, General Counsel, and Chief Administrative Officer, will postpone his recently announced retirement to serve the company until the new CEO has been named. Janzen has been with the company for his entire career, joining Land O'Lakes, Inc. in 1983.