BNET Industries

Last Fiscal Year Sales:$12.0B
  • Private
  • US
Dow Jones Description

We operate our business predominantly in the United States in five segments: Dairy Foods, Feed, Seed, Agronomy and Layers. For the three months ended June 30, 2009, we reported net sales of $2.8 billion and net earnings of $81.5 million compared to net sales of $3.3 billion and net earnings of $102.8 million for the three months ended June 30, 2008. For the six months ended June 30, 2009, we reported net sales of $5.8 billion and net earnings of $164.1 million compared to net sales of $6.6 billion and net earnings of $164.1 million for the six months ended June 30, 2008. Despite the decrease in net sales due to lower commodity prices within Dairy Foods, Feed and Layers during the six months ended June 30, 2009 compared to the same period in 2008, net earnings for the six months ended June 30, 2009 were essentially equal to the same period in 2008 due to unrealized hedging gains for the six months ended June 30, 2009 versus unrealized hedging losses during the same period in 2008. The primary drivers for the increase in net earnings were improved earnings in Agronomy and Seed, offset by declines in Dairy Foods, Layers, and Feed. On March 6, 2007, the Company announced that one of its indirect wholly owned subsidiaries, Forage Genetics Inc. filed a motion to intervene in a lawsuit brought against the U.S. ...

Chief Executive Officer
Jack Gherty
Number of Employees 8,700
Contact Information

4001 Lexington Ave N

Arden Hills, Minnesota 55126-2934

landolakesinc.c...

(651) 481-2222

NAICS Code Creamery Butter Manufacturing: 311512

Recent Events

  • Land O'Lakes Reports Lower Profits

    11/10/09 - Financial Announcement - View Story

  • Land O'Lakes notes six months results

    9/10/09 - Financial Announcement - View Story

  • Earnings / Land O'Lakes sales and earnings fall

    8/14/09 - Financial Announcement - View Story

  • Land O'Lakes Launches Redesigned Corporate Web Site

    6/09/09 - Product Announcement - View Story

News & Analysis

land o'lakes inc. - All News and Analysis

  • Half-sticks move into 1-pound packs.(New Packages)

    - 2008-05-01

    Land O'Lakes is moving half-sticks of butter into its top-selling 1-pound packages. The half-sticks, which comprise 2 ounces or one-quarter cup of butter, were introduced into half-pound Land O'Lakes packages in 2006. The company has introduced 1-pound packages with half-sticks into 21...

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  • Land O'Lakes Schedules 1Q Earnings Call

    - 2008-04-21

    FOOD AND BEVERAGE CLOSE-UP-21 April 2008-Land O'Lakes Schedules 1Q Earnings CallC2008 - CloseUpMedia - newsdesk@closeupmedia.com Land O'Lakes scheduled its first quarter earnings call for investors. The call will begin at 1 p.m., Eastern Time on Tuesday, May 13. The call will be preceded by an earnings release that...

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  • Land of the fat-free

    - 2008-04-01

    [ILLUSTRATION OMITTED] To meet the growing need for foods with no trans fats, an ingredient company has remade a well-known favorite. Land O'Lakes Ingredient Solutions' Cheddease[R] Cheese Powders have been reformulated to eliminate partially hydrogenated oils PHOs. In trans fat-free Cheddease products, high-oleic canola oil is used to replace...

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  • Cadec's Fleet Management Software Helps Land O'Lakes Subsidiary Save $500,000 in Fuel

    - 2008-03-31

    According to a new case study published today, Cadec Global customer Northwest Food Products Transportation NFPT saved $500,000 in fuel in its first year using Cadec's advanced fleet management solution, and NFPT continues to benefit from better fuel economy and improved logging compliance. NFPT, a wholly owned...

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  • Willie Nelson stands up for cows

    - 2008-03-28

    DUBLIN -- Country singer Willie Nelson has joined a campaign targeting Dublin-based Challenge Dairy Products for supporting a calf ranch that "violates state anti-cruelty laws," according to a lawsuit filed by the Animal Legal Defense Fund. An online petition urges the facility and St. Paul, Minn.-based Land...

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Decision Makers

Name (plus bio) Position
Jack Gherty Chief Executive Officer
Alan Pierson Chief Operating Officer, Dairy Foods Industrial
Fernando Palacios Coo, Land O'Lakes Purina Feed & Executive Vice President
Mike Vandelogt COO & Executive Vice President
Rodney Schroeder COO, Crop Protection Products & Executive Vice President
Steve Dunphy Coo & Executive Vice President, Dairy Foods Value, Added
Barry Wolfish Senior Vice President, Corp Marketing Strategy
Jean-Paul Ruiz-Funes Senior Vice President, Corp Strategy & Business Development
Jim Fife Senior Vice President, Public Affairs & Business Dev
Karen Grabow Senior Vice President, HR
Peter Janzen General Counsel & Senior Vice President
Carol Kitchen Vice President, Business Operations, Purina Feed Business Unit
Don Berg Vice President, Public Affairs
Jerry Kaminski Vice President, Dairy Food Services Division
Jim Wahrenbrock Vice President, Planning & Business Development
Peter Simons Treasurer & Vice President
Sara Mortimore Vice President of Quality
Dewey Wahlin Marketing Director for the Land O'Lakes Dairy Case Cheese Division
Lydia Botham Director, Communications
Gary Lehmann Marketing Manager, Land O'Lakes Ingredient Solutions Group
Julie Tiatia National Sales Manager, Land O'Lakes Ingredient Solutions Group
Patty Gfrerer Business Manager, Land O'Lakes Ingredient Solutions Group
Shari Germscheid Payroll Manager
Bob Brose
John E. Gherty Attorney
Marsha Siik
Ronald L Kottke
Sherree Cavanaugh
Bobby Moser Nonvoting Advisory Member
Douglas Reimer Secretary
Mary Shefland Nonvoting Advisory Member
Dave Seehusen Executive Vice President, Ag Business Development & Member Services

Board of Directors

Name (plus bio) Position
Pete Kappelman Board Chairman
Al Wanner Board of Directors
Ben Curti Board of Directors
Carnell Kasbergen Board of Directors
Dave Andresen Board of Directors
Dennis Cihlar Board of Directors
Doug Reimer Board of Directors
Floyd Trammell Board of Directors
Harley Buys Board of Directors
Howard P. Liszt Board of Directors
James Netto Board of Directors
Jim Hager Board of Directors
Jim Miller Board of Directors
John Zonneveld, JR Board Director
Larry Kulp Board of Directors
Lynn Boadwine Board Director
Manuel Maciel, JR Second Vice Chairman
Mark Clark Board of Directors
Myron Voth Board of Directors
Paul Kent Jr. Board Director
Richard Richey Board of Directors
Robert Bignami Board of Directors
Robert Marley Board Director
Ron Muzzall Board of Directors
Thomas Wakefield Board of Directors

Jack Gherty is the retired president and chief executive officer of Land O'Lakes, Inc. His retirement went into effect October 1, 2005. Mr. Gherty began his career in 1970 as an attorney for Land O'Lakes. In 1979 he was named assistant to the president, and in 1981 he became a group vice president and chief administrative officer. He was named president and CEO in 1989. Mr. Gherty serves on the board of Minnesota Mutual Companies.

Organization Position Status
Land O'Lakes, Inc. Chief Executive Officer Current
Land O'Lakes, Inc. President Current
Healthpartners Specialty Center Board Member Current
Securian Financial Group, Inc. Board of Directors Current
Land O'Lakes, Inc. Attorney Former

Organization Position Status
Land O'Lakes, Inc. Chief Operating Officer, Dairy Foods Industrial Current
Land O'Lakes, Inc. Executive Vice President Current
Data Computer Corporation of America Dcca Former
Pillsbury Senior Level Positions Former

Organization Position Status
Land O'Lakes, Inc. Coo, Land O'Lakes Purina Feed & Executive Vice President Current
Land O'Lakes, Inc. Executive Vice President Former
University of Minnesota MBA Former
Mississippi State University MS Former
Mississippi State University BS Former

Organization Position Status
Land O'Lakes, Inc. COO & Executive Vice President Current

Organization Position Status
Land O'Lakes, Inc. COO, Crop Protection Products & Executive Vice President Current

Organization Position Status
Land O'Lakes, Inc. Coo & Executive Vice President, Dairy Foods Value, Added Current
Land O'Lakes, Inc. Executive Vice President Former

Organization Position Status
Land O'Lakes, Inc. Senior Vice President, Corp Marketing Strategy Current
General Mills, Inc. Vice President Former

Organization Position Status
Land O'Lakes, Inc. Senior Vice President, Corp Strategy & Business Development Current

Organization Position Status
Land O'Lakes, Inc. Senior Vice President, Public Affairs & Business Dev Current
Land O'Lakes, Inc. Vice President, Public Affairs Former

Organization Position Status
Land O'Lakes, Inc. Senior Vice President, HR Current
Personnel Decisions International Corporation Vice President Former
Target Corporation Vice President of Human Resources Former
Personnel Decisions International Corporation Director of the Organizational Effectiveness Former
University of Minnesota Ph.D Former

Organization Position Status
Land O'Lakes, Inc. General Counsel & Senior Vice President Current
Land O'Lakes, Inc. General Counsel Former
Hamline University J.D Former
Hamline University B.A Former

Organization Position Status
Land O'Lakes, Inc. Vice President, Business Operations, Purina Feed Business Unit Current

Organization Position Status
Land O'Lakes, Inc. Vice President, Public Affairs Current

Organization Position Status
Land O'Lakes, Inc. Vice President, Dairy Food Services Division Current

Organization Position Status
Land O'Lakes, Inc. Vice President, Planning & Business Development Current

Organization Position Status
Land O'Lakes, Inc. Treasurer & Vice President Current

Based in Minnesota, USA, Sara Mortimore is currently Vice President of Quality for Land O' Lakes Inc. Prior to this she was Quality and Regulatory Operations (QRO) Director for General Mills Global Sourcing Development operation. With more than 25 years experience in the food industry, Sara has collaborated to further the understanding of food safety management through participation with research associations, government and non government committees in a number of countries. She has developed a wide network of global contacts. She regularly publishes on leading edge topics in food safety management and is co-author of a number of successful books on the topic of HACCP system development and implementation. Related to this is her belief in adequate training interventions that are aligned to the needs of workers and the abilities of trainers. Based in Minnesota, USA, Sara Mortimore is currently Vice President of Quality for Land O' Lakes Inc. Prior to this she was Quality and Regulatory Operations (QRO) Director

Organization Position Status
Land O'Lakes, Inc. Vice President of Quality Current
The Royal Institute of Public Health Board of Directors Current
Rsph Board of Directors Current

Dewey Wahlin was previously the marketing director for the Land O'Lakes Dairy Case Cheese division. He joined the Ingredient Solutions division in 2004 to support sales efforts and meeting progressive growth plan.

Organization Position Status
Land O'Lakes, Inc. Marketing Director for the Land O'Lakes Dairy Case Cheese Division Current

Organization Position Status
Land O'Lakes, Inc. Director, Communications Current

Gary Lehmann oversees the marketing and sales of Land O'Lakes Ingredient Solutions products and services. He has more than 10 years of experience in the food industry, bringing well-rounded skills in sales and product management that equip him well to plan and execute programs to bring added value to food manufacturers. Gary understands the unique issues driving this competitive industry, and is strategically focused on aligning Land O'Lakes resources to serve customers in this market.

Organization Position Status
Land O'Lakes, Inc. Marketing Manager, Land O'Lakes Ingredient Solutions Group Current

Julie Tiatia has previously held a number of Sales and Research and Development positions, most recently with Kerry Ingredients. She brings a broad range of skills and experience to the food ingredient area and will lead sales efforts for process cheese, butter blends and dry cheese opportunities.

Organization Position Status
Land O'Lakes, Inc. National Sales Manager, Land O'Lakes Ingredient Solutions Group Current

On the Land O'Lakes team for more than 20 years, Patty Gfrerer manages the sales of LAND O LAKES dairy products to food manufacturers. Customers value Patty's entrepreneurial spirit and extensive product development experience. She is dedicated to building close working relationships with her customers, serving as the liaison connecting them to the full team of Land O'Lakes R&D and technical staff dedicated to serving their needs.

Organization Position Status
Land O'Lakes, Inc. Business Manager, Land O'Lakes Ingredient Solutions Group Current

Shari Germscheid is the Payroll Manager for Land O'Lakes, Inc., headquartered in Arden Hills, MN. Land O'Lakes is a farmer-owned cooperative that offer farmers, local cooperatives, and customers across the nation an extensive line of agricultural supplies, as well as state-of-the-art production and business services. Also, is a leading marketer of dairy-based products for consumers, foodservice professionals and food manufacturing. Shari has been with Land O'Lakes for six years, serving as Payroll Coordinator, HRIS Specialist and HRMS Manager prior to moving into her present position. Prior to coming to Land O'Lakes, she held various positions/roles in payroll, accounting and system management within the transportation industry. Shari currently serves as Vice President for the North Star Chapter of the American Payroll Association (APA) and previously served as Conference/Education chair. She earned her credentials as a Certified Payroll Professional (CPP) in the fall of 2004 and graduated from the University of Wisconsin in 1984 with a B.S. in Home Economics in Business.

Organization Position Status
Land O'Lakes, Inc. Payroll Manager Current
Apa Northstar Education, Conference Chair Current
University of Wisconsin B.S. In Home Economics Former

Organization Position Status
U.S. Department of Agriculture Current
Land O'Lakes, Inc. Current
Urban Farming Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Attorney Current
HealthPartners, Inc. Board of Directors Current
Securian Financial Group, Inc. Board Member Current
Land O'Lakes, Inc. Chief Executive Officer Former
Land O'Lakes, Inc. President Former
Land O'Lakes, Inc. Chief Administrative Officer Former
Land O'Lakes, Inc. Group Vice President Former
The Minnesota Life Insurance Company Board of Directors Former
CF Industries Holdings, Inc. Board of Directors Former
Land O'Lakes, Inc. Team Member Former

Marsha started as an Outreach Specialist with the Wisconsin Office of Rural Health on February 1, 2005. She will focus on recruiting dentists to the rural counties of Wisconsin. Marsha brings over 6 years experience recruiting physicians and mid-level providers for Aspirus Clinics in Antigo, Medford, Merrill, Wausau, Weston, Land O Lakes, Laona, and Eagle River. Previously Marsha worked for Congressman Dave Obey for 6 years, as Outreach Director for the Campaign Committee, and his Wisconsin scheduler. She was also Director of Outreach at The Women's Community, Inc. in Wausau, following 9 years of classroom teaching at elementary through college levels. Marsha has a Master's degree in Education from UW Madison and a Bachelor's degree in English and Art from Valparaiso University.

Organization Position Status
Wisconsin Office of Rural Health Dentist Recruitment Program Manager Current
Eagle River Current
Land O'Lakes, Inc. Current
Women's Community LLC Director of Outreach Former
Wisconsin Office of Rural Health Outreach Specialist Former
Valparaiso University Bachelor's Degree In English and Art Former

Organization Position Status
Land O'Lakes, Inc. Current
Turbes Drealan Kvilhaug Mammen & Co., P.A Current
Mankato State University B.S. Degree In Accounting Former

Sherree does all of our freight billing and works daily with Land O'Lakes and our milk plant operation. Sherree was born and raised in the Caledonia farming community and has many strong family ties to the area. She is married to Kurt and has two wonderful little boys at home.

Organization Position Status
Land O'Lakes, Inc. Current
Caledonia Haulers, Inc Current

Organization Position Status
Land O'Lakes, Inc. Board Chairman Current
Land O'Lakes, Inc. Board Director Former

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
The Ohio State University Vice President for Agricultural Administration Current
Land O'Lakes, Inc. Nonvoting Advisory Member Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Secretary Current

Organization Position Status
Farmers Manager Current
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Howard Liszt , age 60, has served as one of our directors since May 2006. From January 2000 to the present, Mr. Liszt has served as a Senior Fellow at the University of Minnesota. Prior to that, he was Chairman of the Board of Coleman Natural Products from 1999 to 2002. Mr. Liszt also served as Chief Executive Officer of Campbell Mithun from 1994 to 2000. Mr. Liszt currently is a member of the board of Land O Lakes and is also a director of several privately held companies. Mr. Liszt previously served on the board of Shuffle Master Inc. and Zomax Inc..

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current
Campbell Mithun Chief Executive Officer Former
Restore Medical, Inc. Board of Directors Current
Shuffle Master, Inc. Board of Directors Former
Zomax, Inc. Board of Directors Former

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board Director Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board Director Current

Organization Position Status
Land O'Lakes, Inc. Second Vice Chairman Current
Land O'Lakes, Inc. Board of Directors Former

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Olsen Thielen & Co. Ltd. Tax Manager Current
Land O'Lakes, Inc. Nonvoting Advisory Member Current
Minnesota State University BS Former

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board Director Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board Director Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Board of Directors Current

Organization Position Status
Land O'Lakes, Inc. Executive Vice President, Ag Business Development & Member Services Current
Land O'Lakes, Inc. Vice President, Seed Former
Iowa State University Graduate Former
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