MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced that Tom Pigott, 50, will join the company as vice president of finance and chief financial officer, effective September 14. Pigott brings an extensive background in finance and operations to MGP with over 25 years of proven experience driving profitable growth at consumer products companies.
"We believe Tom's broad experience in the consumer products sector and his significant finance, strategic planning and business analytic skills will make him a great addition to our company," said Gus Griffin, president and CEO of MGP. “Tom’s expertise will help lead our business forward and drive shareholder value. The Board of Directors and I are delighted to welcome him to the MGP executive team.”
Pigott’s most recent position was vice president of finance for the Meal Solutions Division of Kraft Foods Group. Between 1994 and 2009, he held a succession of CFO and other financial leadership positions across a wide number of Kraft operating divisions. His experience spans financial planning, analysis, audit and investor relations functions. From 2010 to 2012, Pigott was vice president of finance for Nestle Pizza Division.
“I am delighted to have this opportunity to join MGP and contribute to the future success of the company as we implement our five-year strategic plan,” said Pigott. “With a strong leadership team already in place, MGP is positioned to capitalize on unique opportunities in the distillery and consumer products sectors. I look forward to being a part of that success.”
Pigott has a bachelor of business administration degree from the University of Notre Dame and a master of business administration degree in finance and marketing from the Kellogg School of Management at Northwestern University. He is also a registered CPA.
About MGP Ingredients, Inc.
MGP is a leading supplier of premium distilled spirits and specialty wheat proteins and starches. Distilled spirits include bourbon and rye whiskeys, gins and vodkas, which are carefully crafted through a combination of art and science and backed by over 170 years of experience. The company’s proteins and starches are created in the same manner and provide a host of functional, nutritional and sensory benefits for a wide range of food products. MGP additionally is a top producer of high quality industrial alcohol for use in both food and non-food applications. The company is headquartered in Atchison, Kansas, where distilled alcohol products and food ingredients are produced. Premium spirits are also distilled and matured at the company facility in Lawrenceburg, Indiana. For more information, visit mgpingredients.com.