Cal-Maine Foods appoints Keira Lombardo as Chief Strategy Officer, emphasizing long-term value through operational excellence and stakeholder engagement. Lombardo brings over 20 years of food and agriculture experience, previously CEO of Dairy MAX and senior executive at Smithfield Foods.

Under Lombardo’s leadership, Cal-Maine Foods saw net sales soar by over 83% to $4.3bn, with operating income reaching $1.5bn. Net income attributable to the company also surged to $1.2bn. The company credits growth to higher volumes and increased net average selling prices of shell eggs.

In July, Cal-Maine’s financial results for the year ending May 31 were released. The company reported significant growth in net sales, operating income, and net income. The results were driven by higher volumes and increased selling prices of shell eggs.

In April, Cal-Maine Foods agreed to acquire Echo Lake Foods, a breakfast foods manufacturer, for around $258m. Echo Lake Foods produces a variety of ready-to-eat egg products and breakfast items, expanding Cal-Maine’s product portfolio and distribution channels.

Looking ahead, Cal-Maine Foods plans to expand shell egg production capacity and product mix organically and through strategic acquisitions. With the addition of Echo Lake Foods, the company aims to grow its prepared foods portfolio, diversify its product offering, and expand reach in retail and foodservice markets.

Read more at Yahoo Finance: Cal-Maine Foods creates chief strategy officer role