{"id":513844,"date":"2021-07-15T16:18:47","date_gmt":"2021-07-15T20:18:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mgp-announces-appointment-of-amel-pasagic-as-chief-information-officer\/"},"modified":"2021-07-15T16:18:47","modified_gmt":"2021-07-15T20:18:47","slug":"mgp-announces-appointment-of-amel-pasagic-as-chief-information-officer","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mgp-announces-appointment-of-amel-pasagic-as-chief-information-officer\/","title":{"rendered":"MGP Announces Appointment of Amel Pasagic as Chief Information Officer"},"content":{"rendered":"
\n

ATCHISON, Kan., July 15, 2021 (GLOBE NEWSWIRE) — MGP\u00a0Ingredients, Inc. (Nasdaq:MGPI),<\/strong> a leading provider of distilled spirits, branded spirits, and food ingredient solutions, is pleased to announce that Amel Pasagic, has been appointed to the newly-created position of Chief Information Officer. Mr. Pasagic recently joined MGP as Vice President, IT in connection with MGP\u2019s acquisition of Luxco, Inc. and its affiliated companies, a leading branded beverage alcohol company.<\/p>\n

Prior to the acquisition, Pasagic served in a variety of IT leadership roles while at Luxco for 10 years. In his new role, Pasagic will report directly to Dave Colo, President and CEO and will have responsibility for the Company\u2019s overall IT strategy and organization.<\/p>\n

\u201cGiven the increased size and complexity of MGP following the transformative acquisition of Luxco, we determined this new role would be a critical component to the Company\u2019s long-term success,\u201d said Dave Colo, President and CEO of MGP Ingredients. \u201cAmel has a very strong understanding of the essential areas of information technology, and what sets him apart is his business acumen and ability to translate data into actionable business intelligence for the organization.\u201d<\/p>\n

Before joining Luxco, Pasagic served in a variety of consulting roles across multiple business lines within healthcare, manufacturing and financial services while working for Alliance Systems and Programming. Pasagic received both his bachelor\u2019s and master\u2019s degrees in computer science from Webster University. Pasagic continues his passion for education as an adjunct professor for Webster University.<\/p>\n

\n About MGP Ingredients, Inc.<\/strong>\n <\/p>\n

MGP Ingredients, Inc.\u00a0(Nasdaq: MGPI) is a leading producer of premium distilled spirits, branded spirits, and food ingredient solutions. Since 1941, we have combined our expertise and energy aimed at formulating excellence, bringing product ideas to life collaboratively with our customers.<\/p>\n

As one of the largest distillers in the\u00a0U.S., MGP\u2019s offerings include bourbon and rye whiskeys, gins, and vodkas, which are created at the intersection of science and imagination, for customers of all sizes, from crafts to multinational brands. With\u00a0U.S.\u00a0distilleries in\u00a0Kentucky,\u00a0Indiana,\u00a0Kansas, and\u00a0Washington D.C., and bottling operations in\u00a0Missouri,\u00a0Ohio, and\u00a0Northern Ireland, MGP has the infrastructure and expertise to create on any scale.<\/p>\n

MGP\u2019s branded spirits portfolio covers a wide spectrum of brands in every segment, including iconic brands from\u00a0Luxco, which was founded in 1958 by the Lux Family.\u00a0Luxco\u00a0is a leading producer, supplier, importer and bottler of beverage alcohol products. Our branded spirits mission is to meet the needs and exceed the expectations of consumers, associates and business partners. Luxco\u2019s award-winning spirits portfolio includes well-known brands from five distilleries:\u00a0Bardstown, Kentucky-based Lux Row Distillers, home of\u00a0Ezra Brooks, Rebel, Blood Oath,\u00a0David Nicholson\u00a0and\u00a0Daviess County;\u00a0Lebanon, Kentucky-based\u00a0Limestone Branch Distillery, maker of Yellowstone Kentucky Straight Bourbon Whiskey, Minor Case Straight Rye Whiskey and Bowling &\u00a0Burch Gin;\u00a0Jalisco, Mexico-based Destiladora Gonz\u00e1lez Lux, producer of 100% agave tequilas, El Mayor, Exotico and Dos Primos; MGP\u2019s historic distillery in\u00a0Lawrenceburg, Indiana, where the George Remus Straight Bourbon Whiskey and Rossville Union Straight Rye Whiskey are produced; and the\u00a0Washington, D.C.-based\u00a0Green Hat Distillery, producer of the Green Hat family of gins. The innovative and high-quality brand portfolio also includes Everclear Grain Alcohol, Pearl Vodka, Saint Brendan\u2019s\u00a0Irish Cream, The Quiet Man Irish Whiskey and other well-recognized brands.<\/p>\n

In addition, our Ingredient Solutions segment offers specialty proteins and starches that help customers harness the power of plants and provide a host of functional, nutritional and sensory benefits for a wide range of food products.<\/p>\n

The transformation of American grain into something more is in the soul of our people, products, and history. We\u2019re devoted to unlocking the creative potential of this extraordinary resource. For more information, visit\u00a0mgpingredients.com<\/a>.<\/p>\n

\n Cautionary Note Regarding Forward-Looking Statements<\/strong>
\n
The forward-looking statements contained herein include, but are not limited to, statements about the expected effects on\u00a0MGP Ingredients, Inc.\u00a0(“the Company”) of the recent acquisition of\u00a0Luxco, Inc.\u00a0and its affiliates (“Luxco”), anticipated earnings enhancements, synergies and other strategic options. Forward looking statements are usually identified by or are associated with such words as \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201chopeful,\u201d \u201cshould,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cencouraged,\u201d \u201copportunities,\u201d \u201cpotential,\u201d and\/or the negatives or variations of these terms or similar terminology.<\/p>\n

These forward-looking statements reflect management\u2019s current beliefs and estimates of future economic circumstances, industry conditions, Company performance, and Company financial results and financial condition and are not guarantees of future performance. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Important factors that could cause actual results to differ materially from our expectations include, among others: (i) the ability to realize the anticipated benefits of the acquisition of\u00a0Luxco; (ii) the ability to successfully integrate the businesses; (iii) disruption from the acquisition of\u00a0Luxco\u00a0making it more difficult to maintain business and operational relationships; and (iv) significant transaction costs and unknown liabilities. Additional factors that could cause results to differ materially include, among others, (i) disruptions in operations at our\u00a0Atchison\u00a0facility, our\u00a0Lawrenceburg\u00a0facility, or any\u00a0Luxco\u00a0facility, (ii) the availability and cost of grain, flour, and agave, and fluctuations in energy costs, (iii) the effectiveness of our grain purchasing program to mitigate our exposure to commodity price fluctuations, (iv) the effectiveness or execution of our strategic plan, (v) potential adverse effects to operations and our system of internal controls related to the loss of key management personnel, (vi) the competitive environment and related market conditions, (vii) the impact of the COVID-19 pandemic, (viii) the ability to effectively pass raw material price increases on to customers, (ix) our ability to maintain compliance with all applicable loan agreement covenants, (x) our ability to realize operating efficiencies, (xi) actions of governments, and (xii) consumer tastes and preferences. For further information on these and other risks and uncertainties that may affect our business, including risks specific to our Distillery Products and Ingredient Solutions segments, see Item 1A. Risk Factors of our Annual Report on Form 10-K for the year ended\u00a0December 31, 2020\u00a0and our Quarterly Report on Form 10-Q for the quarter ended\u00a0March 31, 2021.<\/p>\n

\n For More Information<\/strong>
\n
Investors & Analysts:
Mike Houston
646-475-2998\u00a0or investor.relations@mgpingredients.com<\/p>\n

Media:
Greg Manis
913-360-5440 or greg.manis@mgpingredients.com<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

ATCHISON, Kan., July 15, 2021 (GLOBE NEWSWIRE) — MGP\u00a0Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, is pleased to announce that Amel Pasagic, has been appointed to the newly-created position of Chief Information Officer. Mr. Pasagic recently joined MGP as Vice President, IT in connection with MGP\u2019s acquisition of Luxco, Inc. and its affiliated companies, a leading branded beverage alcohol company. Prior to the acquisition, Pasagic served in a variety of IT leadership roles while at Luxco for 10 years. In his new role, Pasagic will report directly to Dave Colo, President and CEO and will have responsibility for the Company\u2019s overall IT strategy and organization. \u201cGiven the increased size and complexity of … <\/p>\n

Continue reading “MGP Announces Appointment of Amel Pasagic as Chief Information Officer”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-513844","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMGP Announces Appointment of Amel Pasagic as Chief Information Officer - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mgp-announces-appointment-of-amel-pasagic-as-chief-information-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGP Announces Appointment of Amel Pasagic as Chief Information Officer - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATCHISON, Kan., July 15, 2021 (GLOBE NEWSWIRE) — MGP\u00a0Ingredients, Inc. 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