USA: Former General Mills, Pillsbury Exec Joins Ocean Spray Board
Jenko will serve as the second of three outside directors to be appointed to the Board as part of a company restructuring approved by Ocean Spray's 930 grower-owners. Earlier this month, Columbia University Professor and former Tropicana and Seagram's executive William Pietersen became the first outside director. This February, Ocean Spray's grower-owners made the decision to shrink the board from 25 to 15, including the CEO and three outside directors with significant business experience. The Board believes that the addition of outside directors will result in improved focus and decision making.
"We are excited to welcome Jerry to the Board of Directors," said CEO Rob Hawthorne, who was hired by Ocean Spray in January to lead a company turnaround. "I have had the pleasure of working with Jerry at Pillsbury, and I know he will bring a unique and valuable perspective to our Board as we work to return Ocean Spray to profitability."
Jenko's experience in the consumer products industry includes 14 years as General Counsel of General Mill's Consumer Food Group, eight years as Senior Vice President & General Counsel of Pillsbury and three years as Vice President & General Counsel of the Minnetonka Corporation. Mr. Jenko has contributed to the success of consumer brands such as Calvin Klein Cosmetics, Alpo Pet Foods, Van de Kamp's Seafood, Softsoap and Check-Up toothpaste.
Jenko serves on the Boards of Michael Foods, Inc., the world's largest processed egg supplier, Graham Webb, Inc., a manufacturer of consumer hair care products, McGlynn's Bakery, the Midwest's largest bakery, and the Commodity Specialists Company, the former commodity trading arm of Pillsbury. He also serves as a mergers and acquisitions advisor to Goldsmith, Agio, Helms and Company, a Minneapolis-based investment banking firm.
Jenko holds a J.D. from the Seton Hall University School of Law and a B.S. in Chemical Engineering from the University of Minnesota. He also attended Harvard Business School's Program for Management Development.
Ocean Spray is the number-one brand of canned and bottled juice drinks in the U.S., with 1999 sales of $1.36 billion. Formed in 1930, the cooperative is made up of 804 cranberry growers from Massachusetts, Wisconsin, New Jersey, Oregon, Washington, British Columbia and other parts of Canada, as well as 126 Florida grapefruit growers.
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