Michael Keown - Farmer Bros CEO

FARM Stock  USD 3.21  0.01  0.31%   

CEO

Mr. Michael H. Keown serves as President, Chief Executive Officer, Director of Farmer Bros Co. Prior to joining the Company, Mr. Keown served in various executive capacities at Dean Foods Company, a food and beverage company, from 2003 to March 2012. He was at WhiteWave Foods Company, a subsidiary of Dean Foods, from 2004 to March 2012, including as President, Indulgent Brands from 2006 to March 2012. He was also responsible for WhiteWaves alternative channel business comprised largely of foodservice. Mr. Keown served as President of the Dean Branded Products Group of Dean Foods from 2003 to 2004. Mr. Keown joined Dean Foods from The CocaCola Company, where he served as Vice President and General Manager of the Shelf Stable Division of The Minute Maid Company. Mr. Keown has over 25 years of experience in the Consumer Goods business, having held various positions with E.J. Gallo Winery and The Procter Gamble Company. Mr. Keown has served as Vice Chairman of the Board of Directors of World Coffee Research, a collaborative, notforprofit 501 research organization created by the global coffee industry, since October 2016. In October 2018, Mr. Keown was nominated to stand for election as a director of Lancaster Colony Corporationrationration, a manufacturer and marketer of specialty food products for the retail and foodservice channels and a publicly traded company listed on the NASDAQ Global Select Market, at Lancaster Colonys annual meeting of shareholders to be held on November 14, 2018. Mr. Keown received his undergraduate degree in Economics from Northwestern University. since 2012.
Age 55
Tenure 12 years
Phone682 549 6600
Webhttps://www.farmerbros.com
Keown received his undergraduate degree in Economics from Northwestern University. We believe Mr. Keown’s qualifications to sit on our Board include his indepth knowledge of food manufacturing, food processing and the foodservice business, marketing and consumer branding experience, expertise in global sourcing, sustainability and corporate responsibility, and his ability to provide a critical link between management and the Board of Directors thereby enabling the Board to provide its oversight function with the benefit of management’s perspective of the business.

Farmer Bros Management Efficiency

The company has return on total asset (ROA) of (0.0622) % which means that it has lost $0.0622 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3547) %, meaning that it created substantial loss on money invested by shareholders. Farmer Bros' management efficiency ratios could be used to measure how well Farmer Bros manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 48.68 M in liabilities with Debt to Equity (D/E) ratio of 1.3, which is about average as compared to similar companies. Farmer Bros has a current ratio of 1.84, which is within standard range for the sector. Debt can assist Farmer Bros until it has trouble settling it off, either with new capital or with free cash flow. So, Farmer Bros' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Farmer Bros sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Farmer to invest in growth at high rates of return. When we think about Farmer Bros' use of debt, we should always consider it together with cash and equity.

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Co. engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company was founded in 1912 and is headquartered in Northlake, Texas. Farmer Brothers operates under Packaged Foods classification in the United States and is traded on NASDAQ Exchange. It employs 1068 people. Farmer Bros Co (FARM) is traded on NASDAQ Exchange in USA. It is located in 1912 Farmer Brothers Drive, Northlake, TX, United States, 76262 and employs 993 people. Farmer Bros is listed under Packaged Foods & Meats category by Fama And French industry classification.

Management Performance

Farmer Bros Leadership Team

Elected by the shareholders, the Farmer Bros' board of directors comprises two types of representatives: Farmer Bros inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Farmer. The board's role is to monitor Farmer Bros' management team and ensure that shareholders' interests are well served. Farmer Bros' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Farmer Bros' outside directors are responsible for providing unbiased perspectives on the board's policies.
Allison Boersma, Independent Director
Charles Marcy, Director
Deverl II, CEO Pres
Brad Bollner, Interim Officer
Jerry Walsh, Sr DSD
Teri Witteman, Secretary
Hamideh Assadi, Independent Director
Scott Drake, Chief Officer
Jennifer Milan, Investor Relations
Jeanne Grossman, Independent Director
Ellen Iobst, Chief Operations Officer
Stacy LoretzCongdon, Independent Director
Ruben Inofuentes, Chief Officer
Isaac Johnston, CFO, Treasurer and Member of Admin. Committee
David Robson, CFO, Treasurer
Matthew Coffman, Principal VP
Guenter Berger, Independent Chairman of the Board
Scott Bixby, Sr. VP and General Manager of Direct Store Delivery
Christopher Mottern, Independent Director
Randy Clark, Independent Director
Michael Keown, CEO and President Director, Member of Admin. Committee, Member of Sr. VP of Operations Search Committee and Member of CFO Search Committee
David Ritterbush, Independent Director
Jared Vitemb, General VP
Thomas Bauer, VP Delivery
Thomas Mattei, General Counsel, Assistant Secretary and Member of Admin. Committee
Barry Fischetto, Sr. VP of Operations
John III, President CEO
Maurice Moragne, Chief Officer
Amber Jefferson, Chief Officer
Scott Siers, Senior Vice President and General Manager - Direct Ship

Farmer Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Farmer Bros a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Farmer Bros in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Farmer Bros' short interest history, or implied volatility extrapolated from Farmer Bros options trading.

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When determining whether Farmer Bros is a strong investment it is important to analyze Farmer Bros' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Farmer Bros' future performance. For an informed investment choice regarding Farmer Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Farmer Bros Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Farmer Bros' price analysis, check to measure Farmer Bros' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Farmer Bros is operating at the current time. Most of Farmer Bros' value examination focuses on studying past and present price action to predict the probability of Farmer Bros' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Farmer Bros' price. Additionally, you may evaluate how the addition of Farmer Bros to your portfolios can decrease your overall portfolio volatility.
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Is Farmer Bros' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Farmer Bros. If investors know Farmer will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Farmer Bros listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Farmer Bros is measured differently than its book value, which is the value of Farmer that is recorded on the company's balance sheet. Investors also form their own opinion of Farmer Bros' value that differs from its market value or its book value, called intrinsic value, which is Farmer Bros' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Farmer Bros' market value can be influenced by many factors that don't directly affect Farmer Bros' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Farmer Bros' value and its price as these two are different measures arrived at by different means. Investors typically determine if Farmer Bros is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Farmer Bros' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.