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Ingredion CFO to Retire

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By: Sean Moloughney

Editor, Nutraceuticals World

Ingredion Incorporated, Westchester, IL, announced that Cheryl Beebe, CFO and executive vice president has decided to retire due to family health issues. Her retirement will be effective January 6, 2014.

Jack Fortnum, currently president, North America, will become CFO. James Zallie, currently president, Asia-Pacific and EMEA, will succeed Mr. Fortnum as president, North America.

“[Ms. Beebe] has brought immense passion, leadership, commitment and world class financial acumen to our company for decades,” said Ilene Gordon, chairman, president and CEO. “Cheryl has been a great partner over the past four years and has helped take Ingredion to new heights. She will be missed by our leadership team, our 11,000 employees, our board of directors and all of our external constituents. We wish her and her family all of our best.”

Mr. Fortnum joined CPC International (Ingredion’s former parent company) in 1984. Before moving to operational management, he held a wide range of key financial roles including Corporate Controller of Corn Products International from the time the company was taken public until 2001.

Mr. Zallie joined Ingredion in 2010 as part of the National Starch acquisition, where he was the CEO. He worked at National Starch for more than 27 years in various positions of increasing responsibility in technical, marketing and international business management.  

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