Oil-Dri Corporation appoints Jonathan Blake as Vice President, Corporate Controller, enhancing financial leadership and operations.
Quiver AI Summary
Oil-Dri Corporation of America has announced the appointment of Jonathan Blake as Vice President, Corporate Controller, effective March 17, 2025. Blake will also act as the Company's principal accounting officer, reporting directly to CFO Susan M. Kreh. He brings over 25 years of experience in accounting and finance, including significant expertise in SEC reporting and compliance. Before joining Oil-Dri, Blake served as Global Corporate Controller at Videojet Technologies and held similar roles at Optimas OE Solutions and Kraft Foods. Kreh expressed enthusiasm for Blake's arrival, highlighting that his leadership will be vital for the company’s growth and financial reporting efficiency. Oil-Dri is a leading manufacturer of specialty sorbent products, servicing various markets for over 80 years.
Potential Positives
- Appointment of Jonathan Blake as Vice President, Corporate Controller, reflects Oil-Dri's commitment to strong leadership in financial management.
- Mr. Blake's extensive 25 years of experience in accounting and finance is expected to enhance the company's financial reporting operations.
- His previous roles, including Global Corporate Controller at Videojet Technologies, suggest valuable industry experience that could support Oil-Dri's growth and efficiency objectives.
Potential Negatives
- The appointment of a new Vice President and principal accounting officer could signal potential instability or restructuring within the company, raising concerns among investors about management continuity and strategy execution.
- Despite Mr. Blake's extensive experience, there may be skepticism regarding the transition and integration of a new leader in a crucial role, especially if he is expected to drive major changes in accounting and financial reporting.
FAQ
Who has been appointed Vice President at Oil-Dri Corporation?
Jonathan Blake has been appointed as Vice President, Corporate Controller at Oil-Dri Corporation of America.
What experience does Jonathan Blake bring to Oil-Dri?
Mr. Blake has over 25 years of experience in accounting and finance, with expertise in SEC reporting and SOX compliance.
What role will Jonathan Blake play at Oil-Dri?
He will lead the accounting and tax functions and support the company's growth as the principal accounting officer.
Who does Jonathan Blake report to at Oil-Dri?
He reports directly to Susan M. Kreh, the Chief Financial Officer and Chief Information Officer.
What is the core business of Oil-Dri Corporation?
Oil-Dri Corporation manufactures specialty sorbent products for markets including pet care, agricultural ingredients, and industrial applications.
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.
$ODC Insider Trading Activity
$ODC insiders have traded $ODC stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $ODC stock by insiders over the last 6 months:
- LAURA G SCHELAND (VP and Chief Legal Officer) sold 2,500 shares for an estimated $173,175
- CHRISTOPHER B LAMSON (Group VP of Retail & Wholesale) has made 0 purchases and 2 sales selling 3,997 shares for an estimated $170,627.
- AMY RYAN sold 2,100 shares for an estimated $87,738
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$ODC Hedge Fund Activity
We have seen 42 institutional investors add shares of $ODC stock to their portfolio, and 53 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GAMCO INVESTORS, INC. ET AL removed 405,256 shares (-50.3%) from their portfolio in Q4 2024, for an estimated $17,758,317
- NEEDHAM INVESTMENT MANAGEMENT LLC removed 255,000 shares (-47.7%) from their portfolio in Q4 2024, for an estimated $11,174,100
- HEARTLAND ADVISORS INC removed 182,100 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $6,281,539
- PROSHARE ADVISORS LLC removed 117,200 shares (-47.0%) from their portfolio in Q4 2024, for an estimated $5,135,704
- HILLSDALE INVESTMENT MANAGEMENT INC. removed 87,506 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $3,018,519
- GABELLI FUNDS LLC removed 83,400 shares (-50.2%) from their portfolio in Q4 2024, for an estimated $3,654,588
- UBS GROUP AG removed 58,651 shares (-94.4%) from their portfolio in Q4 2024, for an estimated $2,570,086
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Full Release
CHICAGO, March 17, 2025 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) announces that effective today, Jonathan Blake has been appointed as Vice President, Corporate Controller and will serve as the Company’s principal accounting officer. Mr. Blake will report directly to Susan M. Kreh, Chief Financial Officer and Chief Information Officer. In this role, Mr. Blake will lead the accounting and tax functions across the organization and will play a crucial role in supporting the growth of Oil-Dri.
Mr. Blake brings over 25 years of experience in accounting and finance to the Company, with expertise in SEC reporting, SOX compliance, technical accounting, and financial system implementation. Prior to joining Oil-Dri, Mr. Blake served as the Global Corporate Controller at Videojet Technologies Inc., a Veralto Company, where he has successfully led the global accounting and finance operations since 2018. Before this, Mr. Blake assumed the role of Global Corporate Controller & North America Finance Director at Optimas OE Solutions Holdings from 2015 to 2018. Earlier in his career, he held senior management positions in external reporting, compliance, and sales internal controls at Kraft Foods from 2009-2015. Mr. Blake spent over 11 years in public accounting and assumed positions of increasing responsibility at Deloitte & Touche, where he began his career in 1998.
Mr. Blake holds a Bachelor of Business Administration in Accounting from the College of William and Mary.
“We are thrilled to welcome Jon to the Oil-Dri team,” said Susan M. Kreh. “His extensive experience in accounting and finance within various global industries will be invaluable as we continue to grow and drive efficiencies across our business. Jon’s leadership will play a key role in supporting our tactical objectives and enhancing our financial reporting operations.”
About Oil-Dri
Oil-Dri Corporation of America is a leading manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, bleaching clay and fluids purification, agricultural ingredients, sports field, industrial and automotive markets. Oil-Dri is vertically integrated which enables the Company to efficiently oversee every step of the process from research and development to supply chain to marketing and sales. With over 80 years of experience, the Company continues to fulfill its mission to
Create Value from Sorbent Minerals
. To learn more about the Company, visit
oildri.com
.
Contact:
Leslie A. Garber
Director of Investor Relations
Oil-Dri Corporation of America
[email protected]
(312) 321-1515
This press release was published by a CLEAR® Verified individual.
