California Dairies, Inc. Appoints Van Kramer as Chief Financial Officer

December 18, 2017

VISALIA, Calif. — December 18, 2017 — California Dairies, Inc. (CDI), today announced the appointment of Van Kramer as Senior Vice President and Chief Financial Officer (CFO). Kramer’s responsibilities will focus on the cooperatives’ financial, accounting, treasury, information technology and risk management functions within CDI. Based at CDI’s corporate headquarters in Visalia, California, he will report to Andrei Mikhalevsky, president and CEO.

With more than 30 years of financial management experience, Kramer brings with him an extensive background in finance, accounting, financial planning, budgeting, and analysis for dairy cooperatives and food industry companies alike. Previously, Kramer served as the interim CFO for Glanbia Foods, Inc., where he managed the finance and accounting functions for the company as it underwent an extensive restructuring project. He has also served as the Manager of Cost Accounting at Darigold, Inc., and the Production Projects Manager and Plant Controller at Leprino Foods. Most recently, Kramer served as CFO for the Adams Group Inc., a multimillion-dollar manufacturing company that produces organic cooking oils, and also merchandises and warehouses grains and seeds.

Kramer holds an MBA in finance from the Leeds School of Business - University of Colorado Boulder, and an undergraduate degree in accounting from the same institution.

“We couldn’t be more thrilled to welcome Van to CDI where he will undoubtedly make an immediate impact on the cooperative,” said Mikhalevsky. “He complements our strong returns-focused culture, and we believe his impressive background in the area of finance and his ability to achieve positive results make him the right choice to lead CDI’s financial strategy. We are confident he will continue to guide us towards our vision of becoming the leading source of dairy nutrition for a healthy world.”

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About California Dairies, Inc.
California Dairies, Inc. is the largest member-owned milk marketing and processing cooperative in California producing 43 percent of California’s milk. Co-owned by more than 400 dairy producers who ship 17 billion pounds of Real California Milk annually, California Dairies, Inc. is a manufacturer of quality butter, cream cheese, fluid milk products and milk powders. In addition, California Dairies, Inc. is the home of two leading and well-respected brands of butter – Challenge and Danish Creamery. California Dairies’ quality dairy products are available in all 50 United States and in more than 50 foreign countries. For additional information on California Dairies, Inc., visit www.californiadairies.com.

For further information, contact:

Brooke Bennett
Director of Communications
California Dairies, Inc.
559.623.6977
bbennett@californiadairies.com

About California Dairies, Inc.

California Dairies, Inc. is the largest member-owned milk marketing and processing cooperative in California producing 43 percent of California’s milk. Co-owned by more than 410 dairy producers who ship 18 billion pounds of Real California Milk annually, California Dairies, Inc. is a manufacturer of quality butter, fluid milk products and milk powders. In addition, California Dairies, Inc. is the home of two leading and well-respected brands of butter – Challenge and Danish Creamery. California Dairies’ quality dairy products are available in all 50 United States and in more than 50 foreign countries.