Wall St futures flat amid US-China trade jitters; bank earnings in focus
WESTCHESTER, Ill. - Ingredion Incorporated (NYSE:INGR) announced Monday the appointment of Patrick Kalotis as executive vice president of Global Texture & Healthful Solutions, effective December 1, 2025.
Kalotis will join the executive leadership team, reporting directly to President and CEO Jim Zallie. In his new role, he will be responsible for developing business strategy and driving performance for the global Texture & Healthful Solutions segment, with full ownership of its commercial and financial outcomes.
"Patrick has a tremendous strength in creating momentum by delivering both market growth and profit expansion," said Zallie in a press release statement.
Kalotis most recently served as chief executive officer of Tissues International North America at APP Group. His previous experience includes leadership roles at Tropicana Brands Group following its separation from PepsiCo, where he served as executive vice president and chief growth officer before becoming CEO of the Naked and Emerging Brands Division.
His earlier career included positions at Danone, Coca-Cola, Mars and Unilever. Kalotis holds a master’s degree in mechanical engineering and business, with distinction, and a bachelor’s degree in mechanical engineering from the University of Warwick, along with a diploma in business management from Henley Business School.
Ingredion, headquartered near Chicago, reported approximately $7.4 billion in annual net sales for 2024 and employs more than 11,000 people globally. The company provides ingredient solutions to food, beverage, animal nutrition, brewing and industrial markets in nearly 120 countries. Trading at a P/E ratio of 11.7 and offering a 2.74% dividend yield, with a 28-year track record of consistent dividend payments, Ingredion demonstrates strong financial fundamentals. InvestingPro analysis reveals 10+ additional insights about Ingredion’s financial health and market position, available in the comprehensive Pro Research Report.
In other recent news, Ingredion Incorporated reported its second-quarter earnings for 2025, showing a mixed financial performance. The company exceeded earnings per share (EPS) expectations with $2.87 compared to the forecast of $2.80. However, revenue fell short, reaching $1.8 billion against an anticipated $1.89 billion. Additionally, Ingredion has signed a conditional agreement to sell a 51% ownership stake in its Pakistan affiliate, Rafhan Maize, to Nishat Hotels and Properties Ltd., while retaining a 20% stake. The agreement is contingent on the Nishat Group securing international financing to ensure Ingredion receives its share of the sale proceeds in U.S. dollars. In a separate development, Ingredion entered into a new $1 billion revolving credit facility with JPMorgan Chase and other lenders, replacing its previous credit agreement. This facility provides the company with flexible borrowing options, including swingline loans and letters of credit. Furthermore, UBS maintained its Neutral rating on Ingredion, with a price target of $144, noting the company’s focus on innovation and operational excellence.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.