- Signs for push-out forces
- After two years on the job
- Patrick Lynch takes over
(management-change.com) — Irving, Texas, December 15, 2016 — John Muse, finance chief of Darling, leaves. As announced by Darling Ingredients Inc. in a news release on Thursday, December 15, 2016, John O. Muse leaves the post as Chief Financial Officer at the waste management company after two years on the job, effective in early March 2017.
Muse’s duties are taken over by Patrick C. Lynch, currently Chief Financial Officer at Interface, Inc.
The move is a generational change as well. Patrick C. Lynch is about 21 years younger than John O. Muse.
The fact that Muse’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
No reason given
In the announcement, Darling did not explicitly explain the reason for Muse’s move, opening the door for speculation.
Darling said: Muse “has indicated his intent to retire as the Company’s Chief Financial Officer in early March 2017 following the Company’s filing of its Form 10-K for fiscal 2016, at which time Mr. Lynch will become the Company’s Executive Vice President – Chief Financial Officer.”
Effective January 15, 2017, Patrick C. Lynch will become Executive Vice President – Chief Administrative Officer. Lynch will report to John O. Muse.
Precise information about the future plans of Muse was not immediately available.
Chaired by Randall C. Stuewe
Darling Ingredients Inc. is chaired by Randall C. Stuewe.
Stuewe has served as Chairman and Chief Executive Officer since February 2003.
On the job as CFO since 2014
Muse has been the Chief Financial Officer of Darling Ingredients Inc. since December 8, 2014.
On December 8, 2014, Darling announced that Muse would reassume his duties as the Company’s Chief Financial Officer. Muse had previously served as the Company’s Chief Financial Officer from October 1997 until September 2012.
In December 2014, Muse replaced Colin Stevenson, who resigned from the Company “in order to pursue other opportunities”.
At that time, Randall C. Stuewe, Chairman and CEO of Darling Ingredients, had said: “We are pleased to have John Muse back in the role of Chief Financial Officer. John has been with Darling since 1997 and has been instrumental in transforming Darling into a global ingredients platform. With John’s proven track record we are fortunate to have him back.”
Muse has 40 years of agricultural business experience with Central Soya Company, Inc. (grain merchandising and feed manufacturing company), Archer Daniels Midland (ADM, an agricultural food and feed processor) and Darling Ingredients.
He has held various financial, operational, management and corporate office positions.
Signs for push-out forces
It is not completely certain what forces eventually triggered John O. Muse’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 47.2016 ($).