David J. Colo, born in 1963, has been a driving force at MGP Ingredients since 2020. Before stepping into the role of CEO and President, he held significant positions at companies like Diamond Foods and SunOpta, showcasing his expertise in...

David J. Colo, born in 1963, has been a driving force at MGP Ingredients since 2020. Before stepping into the role of CEO and President, he held significant positions at companies like Diamond Foods and SunOpta, showcasing his expertise in operations and supply chain management. Colo joined MGP as part of a crucial leadership transition and has been influential in steering the company through challenging times, particularly in enhancing operational efficiency and performance metrics that matter to shareholders. He successfully led the company to excellent financial results in 2023, earning him a remarkable bonus and stock awards that underline his contribution to the company's growth. Notably, under his leadership, the company's stock has seen healthy performance, reflecting positive investor sentiment. Colo is set to retire at the beginning of 2024, but he will continue to support MGP as a senior advisor until the end of April 2024. His journey is marked by a focus on aligning team efforts with overall business objectives, a trait that has been pivotal in achieving both short-term and long-term goals for MGP Ingredients.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other MGP Ingredients CEOs

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David J. Colo

Ex-CEO of MGP Ingredients

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1963 - 62 years ago

CEO of MGP Ingredients for

3 years 7 months (May 2020 - Jan 2024)

Previous Experience

President and Chief Executive Officer of SunOpta, Inc., Executive Vice President and Chief Operating Officer of Diamond Foods, Inc.

Rivals

Competitors/colleagues of David J. Colo

C

John Fieldly

CEO of Celsius Holdings, Inc.

2023 Compensation

Stock

$1.65M

Salary

$650.00K

Bonus

$958.75K

Other

$1.79K

Total Holdings

$39.56M

Holdings

See how much did David J. Colo make over time.

David Colo, as of the end of 2023, holds a significant portion of his wealth in MGP Ingredients stock, with shares worth over $7 million. At its peak, his holdings were valued significantly higher, reflecting the company's growth under his...

David Colo, as of the end of 2023, holds a significant portion of his wealth in MGP Ingredients stock, with shares worth over $7 million. At its peak, his holdings were valued significantly higher, reflecting the company's growth under his leadership. He has navigated through various phases of stock performance, including a notable increase tied to impressive company earnings. His most recent quarterly reports show strong performance, which contributes to his stock value. Additionally, he vested in 8,000 shares in early 2023, elucidating his commitment to the company’s success and shareholder value. This deep engagement with MGP’s stock illustrates the alignment between his financial interests and the broader objectives of the company.

Mar 18, 2025

M

shares

MGPI @ $31.57

S

shares

STKL @ $5.40

Insider Trading

See recent insider trades of David J. Colo.

MGPI

$87.70K

MGPI at $87.70/share

Dec 6, 2023

Purchase

MGPI

22,170 shares

MGPI

Feb 15, 2023

Received

MGPI

22,020 shares

MGPI

Feb 10, 2022

Received

MGPI

19,322 shares

MGPI

Feb 11, 2021

Received

MGPI

8,000 shares

MGPI

Mar 16, 2020

Received

MGPI

$17.17K

MGPI at $29.65/share

Mar 5, 2020

Received

MGPI

$99.83K

MGPI at $27.73/share

Feb 28, 2020

Purchase

MGPI

$20.47K

MGPI at $47.38/share

Jan 9, 2020

Received

MGPI

$22.99K

MGPI at $45.52/share

Oct 11, 2019

Received

MGPI

$85.43K

MGPI at $63.52/share

May 24, 2019

Received

Compensation History

See how much did David J. Colo make over time.

In 2023, David Colo's total compensation reached around $4.7 million, a significant increase compared to previous years. This includes a base salary of $844,000 and a remarkable short-term incentive of $1.7 million, reflecting his success in meeting or exceeding performance targets. Notably, he also received over $2 million in stock awards, acknowledging his role in driving MGP's performance. His transition from a base salary of $767,000 in 2022 highlights how his value has been recognized over time, especially with a robust performance that led to a payout equal to 200% of his target incentive based on impressive company goals achieved in 2023. Colo's compensation strategy clearly reflects MGP Ingredients' commitment to aligning the CEO’s performance with shareholder interests.

Year

2022

Total Compensation

$3.23M

Salary

$767.00K

Board Justification

The compensation program aims to align compensation with business objectives and stockholder interests, rewarding performance and ensuring competitiveness.

Bonus

$1.69M

Board Justification

Pursuant to the terms of the Colo Retirement Agreement, Mr. Colo remained eligible to receive a payout of his STI award for the 2023 performance year.

Other

$30.26K

Board Justification

Includes Company contributions to 401(k) plan accounts and an automobile allowance of $6,000.

Restricted Stock

$747.92K(8K RSU)

Board Justification

RSUs that vested in 2023 based on performance metrics for the year 2022.

Performance Metrics

Adjusted Operating Income, Adjusted EBITDA, and Adjusted Basic EPS.

Other MGP Ingredients CEOs

Here are other CEOs of MGP Ingredients

Augustus "Gus" Griffin

Ex-CEO of MGP Ingredients

July 2014 - May 2020

David S. Bratcher

Ex-CEO of MGP Ingredients

January 2024 - January 2025