EX-99.1 8 exhibit991.htm EX-99.1 exhibit991
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Exhibit 99.1
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Contacts:
Dolph Baker, Chairman and CEO
Max P. Bowman, Vice President and CFO
(601) 948-6813
CAL-MAINE FOODS, INC. ANNOUNCES RETIREMENT
OF MICHAEL CASTLEBERRY AND PROMOTIONS OF FINANCE TEAM
RIDGELAND,
 
Miss.
 
(November
 
18,
 
2021)
 
 
Cal-Maine
 
Foods,
 
Inc.
 
(NASDAQ:
 
CALM)
 
today
announced that
 
Michael D.
 
(Mike) Castleberry,
 
Vice President
 
and Controller
 
and the
 
Company’s
principal
 
accounting
 
officer,
 
will
 
retire
 
from
 
Cal-Maine
 
Foods
 
effective
 
early
 
January
 
2022.
Castleberry has held this position since 2014 after serving as Director of Accounting since 2013.
Matt Glover has
 
been named
 
Vice President –
 
Accounting and will
 
transition to the
 
role of
principal accounting
 
officer effective
 
November 29, 2021.
 
Glover has served
 
as Director of Financial
Reporting
 
for Cal-Maine
 
Foods
 
since
 
2019.
 
He previously
 
was a
 
Senior
 
Audit
 
Manager
 
at BKD,
 
LLP, for
ten years where he
 
worked with audit clients in a
 
variety of industries. Glover holds a Bachelor of
Accountancy
 
degree and a Master of Accountancy
 
degree from the University
 
of Mississippi.
 
He is a
Certified
 
Public
 
Accountant.
 
 
Jia Scott
 
has been
 
named Vice
 
President –
 
Treasury. Scott
 
has served
 
as Director
 
of Taxation
for Cal-Maine
 
Foods since
 
November 2013.
 
Prior to
 
this position,
 
she was
 
Vice President
 
of Taxation
of
 
Parkway
 
Properties
 
Inc.
 
and
 
held
 
other
 
senior
 
financial
 
positions
 
at
 
various
 
publicly
 
traded
companies where
 
she played
 
a leading
 
role in
 
accounting, debt
 
management and
 
treasury services.
In addition to
 
her tax and
 
treasury work at
 
Cal-Maine Foods, she
 
also helps oversee
 
the Company’s
philanthropic
 
efforts
 
and
 
sustainability initiatives.
 
Scott
 
holds
 
a
 
Bachelor
 
of
 
Accountancy
 
degree
from
 
Jackson
 
State
 
University,
 
a
 
Master
 
of
 
Accountancy
 
degree
 
from
 
Millsaps
 
College
 
and
 
is
 
a
Certified Public Accountant.
Rhonda Whiteman
 
has been
 
promoted to
 
Vice President
 
- Operational
 
Accounting. Whiteman
joined
 
Cal-Maine
 
Foods
 
in
 
2012
 
and
 
has
 
held
 
numerous
 
financial
 
positions
 
in
 
areas
 
including
accounts
 
payable,
 
purchasing,
 
analytics
 
and
 
accounting
 
management
 
across
 
the
 
Company.
 
She
most recently
 
served as
 
Director of
 
Operations Accounting,
 
where she
 
has utilized
 
a strong
 
working
knowledge of
 
the Company’s
 
enterprise-wide procedures
 
and field
 
operations to
 
support continuous
improvement
 
initiatives.
 
Whiteman
 
holds
 
a
 
Bachelor
 
of
 
Business
 
Administration
 
degree
 
from
Mississippi State University.
 
The new
 
appointments for
 
Glover, Scott
 
and Whiteman
 
are effective
 
November 29,
 
2021,
and they will each report directly to Max
 
Bowman,
 
Vice President
 
and Chief
 
Financial
 
Officer.
 
Commenting on the
 
announcements, Dolph Baker,
 
chairman and
 
chief executive officer
 
of
Cal-Maine
 
Foods,
 
Inc.,
 
stated,
 
“Mike
 
Castleberry
 
has served as
 
a valued accounting and financial
advisor, and we are very grateful for his leadership and dedicated service to the Company. He has
played an integral role on
 
our management team through a period of
 
tremendous growth for Cal-
Maine Foods. We will certainly
 
miss his considerable
 
insight and
 
wisdom, and
 
we wish
 
him all
 
the
best in his retirement.
“Matt Glover
 
is well
 
qualified to
 
assume this
 
important new
 
role, having
 
managed all
 
our
financial reporting
 
and SEC
 
filings while
 
utilizing his
 
technology experience
 
to enhance
 
our reporting
processes
 
and
 
procedures.
 
Since
 
joining
 
Cal-Maine
 
Foods,
 
he
 
has
 
worked
 
closely
 
with
 
Mike
Castleberry and will continue to benefit from his expertise to ensure a smooth transition. Jia Scott
has
 
extensive
 
experience
 
in
 
taxation
 
and
 
treasury,
 
both
 
at
 
Cal-Maine
 
Foods
 
and
 
with
 
other
companies and
 
industries. Rhonda
 
Whiteman is
 
very familiar
 
with our
 
systems and
 
processes across
the Company and understands the financial management and
 
needs of our operating facilities. We
are confident in each of
 
these managers’ capabilities and commitment as
 
they take on these new
leadership roles
 
for Cal-Maine
 
Foods. We
 
are fortunate
 
to have
 
a
 
strong finance
 
and accounting
team, and we look forward to working together as we continue to execute our growth strategy.”
 
Cal-Maine Foods Announces Retirement of Michael Castleberry and Promotions of Finance
 
Team
Page 2
November 18, 2021
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Cal-Maine Foods, Inc.
 
is primarily engaged
 
in the production,
 
grading, packing, marketing
and sale of fresh shell eggs,
 
including conventional, cage-free, organic
 
pasture-raised, free-range
and nutritionally enhanced
 
eggs. The Company, which
 
is headquartered in Ridgeland,
 
Mississippi,
is the
 
largest producer
 
and distributor
 
of fresh
 
shell eggs
 
in the
 
United States and
 
sells the majority
of
 
its
 
shell
 
eggs
 
in
 
states
 
across
 
the
 
southwestern, southeastern,
 
mid-western
 
and
 
mid-Atlantic
regions of the United States.