USA: Land O'Lakes CEO reviews year 2000 performance and focuses on strategic challenges
Land O'Lakes achieved solid operational and financial performance in 2000, while also completing significant strategic growth initiatives, Land O'Lakes President and Chief Executive Officer (CEO) Jack Gherty today told delegates at Land O'Lakes 80th Annual Meeting. "This past year, Land O'Lakes combined positive performance, strategic growth and a commitment to our cooperative mission to deliver increased value to members and customers," Gherty said. "We produced increased volumes in nearly all major product lines, improved our net earnings, strengthened our balance sheet and returned $54 million in cash to members. We also maintained our focus on achieving the size, scale and level of performance necessary for our farmer-owned enterprise to compete and win on into the 21st century."
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