Newspaper
 
Jul 10, 2017
FOR IMMEDIATE RELEASE

Pamela Hermesch Joins MGP in Key Financial Planning and Analysis Role

ATCHISON, Kan., July 10, 2017—MGP (Nasdaq: MGPI), a leading U.S. supplier of premium distilled spirits and specialty wheat proteins and starches, has announced the appointment of Pamela Hermesch, CPA, to the position of director of financial planning and analysis.  A highly accomplished finance and accounting professional, her experience spans a variety of domestic and global businesses and industries.

“We are very pleased to welcome Pamela to her new role at MGP, where her financial expertise and strategic planning capabilities will add greatly to our entire team’s already outstanding proficiencies,” said Tom Pigott, vice president of finance and CFO.  “We look forward to having her apply her skills and talents toward planning, coordinating and directing various key aspects of our budgeting, forecasting and long-range planning processes in support of our company’s strategic growth initiatives.”

Principal responsibilities of her position include performing a lead role in developing MGP’s annual operating plan, preparing monthly and long-term financial forecasts, and providing critical decision support while advising business segments on matters and processes involving cost analysis.

Most recently, Hermesch was responsible for leading the financial control and accounting operations for a flavor business unit at Sensient Technologies Corp., a leading international manufacturer and marketer of colors, flavors and fragrances.  She joined Sensient in 2013, initially serving as controller for a color business unit.

Her professional experience has also included serving as director of financial analysis for Thermadyne Industries, Inc., Chesterfield, Mo., and 10 years in various executive finance positions with Emerson Electric Company in the U.S. and overseas.  Among her roles at Emerson were manager of financial projects for Emerson Energy Systems in Dallas and Stockholm, Sweden, CFO and controller for Dana Emerson Actuator Systems in London, England, and Nove Mesto, Slovakia, and director of finance for Emerson Motor Company, St. Louis.  She began her career at PricewaterhouseCoopers (formerly Price Waterhouse), Kansas City, Mo.

Hermesch is a native of northeastern Kansas and holds a master’s degree in business administration, which she earned at Washington University, St. Louis, in 1999.  She received a bachelor of science degree in business administration and accounting from the University of Kansas, Lawrence, in 1991.

About MGP

Founded in 1941, 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 a long history 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’s facility in Lawrenceburg, Indiana.  For more information, visit mgpingredients.com.

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