American Vanguard Corporation announced the appointment of Douglas A. ("Dak") Kaye, III as its new Chief Executive Officer, effective December 9, 2024, following a unanimous vote by the Board of Directors. Mr. Kaye will be based at the global headquarters starting January 6, 2025, and succeeds the Office of CEO, which had been in place since July 15, 2024.
Mr. Kaye brings extensive experience from Albaugh, LLC, where he served for 13 years in senior leadership roles, including President, North America, and Group Chief Commercial Officer. His background includes overseeing commercial activities across North America, Europe, Brazil, Argentina, and Latin America regions, as well as serving as President of the European region for seven years.
The Board believes Mr. Kaye is the right executive to drive the company's business transformation, aiming to achieve an adjusted EBITDA margin of 15% and strategically position the company for future growth. Mr. Kaye expressed confidence in accelerating the ongoing transformation, driving revenue growth, and improving margins.
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