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AdvancePierre™ Foods Names Gary Perlin Newest Board Member

Wednesday, March 9, 2016

Former Capital One, World Bank CFO brings deep executive, board expertise

Cincinnati, OH – AdvancePierre Foods (APF) has named Gary Perlin to its board of directors, expanding its board membership to eight. Perlin’s 40-year career in finance, which included C-Suite roles across the public and private sectors in global and domestic markets, provides the board a powerful perspective regarding effective collaboration with business leaders and policy-makers.

The former CFO of Capital One, one of the largest financial institutions in the nation, Perlin repeatedly was honored as Institutional Investor magazine’s “CFO of the Year.” Before joining Capital One, Perlin oversaw a $300 billion balance sheet owned by 187 member-countries as CFO of the World Bank.

Dean Hollis, Chairman of AdvancePierre and Senior Advisor to AdvancePierre’s majority shareholder in funds managed by Oaktree Capital Management, L.P. (“Oaktree”), cites Perlin’s executive experience and board leadership as significant strengths, especially in the critical areas of financial expertise, effective risk management and excellent corporate governance. “Gary’s extensive financial, risk and governance experience speaks for itself, and his profound knowledge in navigating companies through innovation, change and growth is unmatched. We’re fortunate to have his expertise on our team as we maintain relentless focus on shareholder value while preserving the culture and values in place at APF,” Hollis added.

In addition to actively sitting on boards for Abt Associates, Inc. and State Farm Mutual Automobile Insurance Company, Perlin was an independent director and chair of the audit and risk committees for Avolon Holdings, Ltd., a global commercial aircraft leasing company, where he also served as a member of the negotiating committee overseeing the sale of the company.

Perlin earned a bachelor’s degree in international relations from Georgetown University and a master’s degree in economics from the London School of Economics and Political Science. He also graduated from Princeton University’s Woodrow Wilson School of Public & International Affairs with a Master of Public Administration in economics and public policy.

Perlin is the second new board appointment for APF in 2016. Dr. Celeste Clark, a nutrition and health policy expert, joined the board in February.