Americold announces executive leadership changes to enhance operations, customer relationships, and global growth strategies.
Quiver AI Summary
Americold, a leader in temperature-controlled storage and logistics, announced new executive leadership appointments aimed at enhancing operational execution and fostering customer relationships. Rob Chambers has been appointed as President, overseeing global operations with increased responsibilities, having previously served as President, Americas. Bryan Verbarendse will succeed Chambers as President, Americas, leading business development across North and South America, leveraging his extensive experience in grocery supply chain management. Richard Winnall, currently President, International, will collaborate on global operations and commercial strategies. CEO George Chappelle emphasized the appointments' alignment with the company's commitment to operational excellence and growth. The firm also reaffirmed its financial guidance for the year 2025.
Potential Positives
- Americold announced a series of strategic executive leadership appointments to enhance operational execution and deepen customer relationships.
- Rob Chambers has been promoted to President, overseeing global operations and demonstrating the company's commitment to internal leadership development.
- New leadership changes aim to unlock global growth opportunities and ensure consistent operational standards across regions.
- The company reaffirmed its 2025 full-year financial guidance, indicating stability and confidence in its ongoing business strategy.
Potential Negatives
- Appointing multiple executives in a single press release may suggest instability or a need for significant change within the leadership structure, raising concerns about the company's strategic direction.
- The recent promotion of Bryan Verbarendse, who joined Americold only in August 2023, to a key leadership role might raise questions about the consistency and continuity of the executive team.
- The press release reaffirms 2025 financial guidance without any significant new positive insights, which may imply a lack of new growth initiatives or innovation to drive revenue beyond existing expectations.
FAQ
What recent executive leadership changes were announced by Americold?
Americold announced the appointment of Rob Chambers as President, as well as Bryan Verbarendse and Richard Winnall in key roles.
Who is the new President of Americold?
Rob Chambers has been appointed as the President of Americold, overseeing global operations with increased responsibilities.
What experience does Rob Chambers bring to his new role?
Rob Chambers has 12 years at Americold and extensive leadership experience in commercial finance and global development.
How will these appointments impact Americold's operations?
The changes aim to enhance operational execution, deepen customer relationships, and drive global growth opportunities for Americold.
What is Americold's focus in the logistics market?
Americold specializes in temperature-controlled logistics and value-added services, operating numerous warehouses globally to connect producers and consumers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$COLD Insider Trading Activity
$COLD insiders have traded $COLD stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $COLD stock by insiders over the last 6 months:
- GEORGE F. JR. CHAPPELLE (Chief Executive Officer) purchased 110,000 shares for an estimated $1,978,569
- JAY WELLS (EVP & CFO) purchased 10,000 shares for an estimated $179,120
- ROBERT E. HARRIS (SVP & Chief Accounting Oficer) has made 0 purchases and 3 sales selling 2,934 shares for an estimated $66,469.
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$COLD Hedge Fund Activity
We have seen 220 institutional investors add shares of $COLD stock to their portfolio, and 197 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DARLINGTON PARTNERS CAPITAL MANAGEMENT, LP removed 4,112,511 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $88,254,486
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 3,603,716 shares (+649.2%) to their portfolio in Q1 2025, for an estimated $77,335,745
- ALYESKA INVESTMENT GROUP, L.P. removed 3,303,570 shares (-51.7%) from their portfolio in Q1 2025, for an estimated $70,894,612
- APG ASSET MANAGEMENT US INC. removed 2,882,590 shares (-17.6%) from their portfolio in Q1 2025, for an estimated $61,860,381
- PRICE T ROWE ASSOCIATES INC /MD/ added 2,783,264 shares (+1567.1%) to their portfolio in Q1 2025, for an estimated $59,728,845
- COHEN & STEERS, INC. added 2,318,288 shares (+8.0%) to their portfolio in Q1 2025, for an estimated $49,750,460
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Full Release
ATLANTA, GA., June 02, 2025 (GLOBE NEWSWIRE) -- Americold, a global leader in temperature-controlled storage, logistics and facilities solutions, and value-added services, today announced a series of executive leadership appointments. These changes are part of the company’s ongoing strategy to enhance operational execution, deepen customer relationships, and unlock global growth opportunities.
Americold has created a new executive role, President, and appointed Rob Chambers to the position. In this capacity, Chambers – who has 12 years of progressive leadership experience at Americold – will oversee global operations for the company with increased P&L responsibility.
Chambers was appointed President, Americas, in January 2024, after serving as Executive Vice President & Chief Commercial Officer since joining the Americold Executive Leadership Team in 2020. He has led the company’s global development organization and was previously Vice President of Commercial Finance, where he played a key role in shaping Americold’s commercial business rules and underwriting process. Outside of Americold, Chambers served as Chief Financial Officer of Saia, a publicly traded transportation logistics company, and held leadership roles at CEVA Logistics and KPMG.
Bryan Verbarendse, currently Executive Vice President & Chief Operating Officer, Americas, succeeds Chambers as President, Americas, leading business development and operations across North and South America.
Verbarendse joined Americold in August 2023. He brings over 31 years of experience in retail and wholesale grocery supply chain, having previously served as Senior Vice President of Distribution and Replenishment at Albertsons, as well as Group Vice President of Distribution and General Manager roles at Albertsons and SUPERVALU.
Richard Winnall, currently President, International, will assume oversight of the Global Commercial Committee and Operations Committee in close partnership with President, Americas. This will enable Americold to unlock global opportunities that will drive global harmonization of commercial and operational standards, ensuring consistent KPIs, scalable systems, and cross-regional customer growth.
Winnall was appointed President, International in January 2024, following his role as Chief Operating Officer, International. Since joining Americold in 2019, he has held leadership roles including Managing Director, International and Managing Director, Asia Pacific and Latin America. He brings deep executive experience from DHL Supply Chain and Linfox across Asia Pacific, Europe, and the Middle East.
“These appointments reflect our continued commitment to operational excellence and customer-centric growth across our global portfolio,” said George Chappelle, Chief Executive Officer of Americold. “Rob, Bryan, and Richard are proven leaders with deep institutional knowledge and a passion for delivering results. I am confident that this team – alongside our executive leadership team – will accelerate the execution of our strategy and unlock new opportunities across our global network.”
The company also reaffirmed its 2025 full-year financial guidance as set forth in the first quarter earnings release dated May 8, 2025.
About Americold Realty Trust, Inc.
Americold is a global leader in temperature-controlled logistics real estate and value-added services. Focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, Americold owns and/or operates 238 temperature-controlled warehouses, with approximately 1.4 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America. Americold’s facilities are an integral component of the supply chain connecting food producers, processors, distributors, and retailers to consumers.
Contacts:
Americold Realty Trust, Inc.
Investor Relations
Telephone: 678-459-1959
Email:
[email protected]
Media Relations
Telephone: 762-821-9631
Email:
[email protected]