Pros
Ingredion has been able to attract good talent. Comraderie is good. The food industry is a stable industry with slow predictable growth — so it’s not subject to boom bust situations. They have made some recent investments in the right areas — sugar reduction and plant protein, but any impact on the overall business will take many years to realize.
Cons
Lack of focus by leadership. Chasing too many initiatives, not enough resources (money + people) and working people far too hard. Performance relative to pears has suffered and stock has performed dismally as a consequence (down over 30% over the past three years). Management has tried to “save” its way to improve bottom line making matters even worse. The Board seems remote and disconnected. Pay lags industry an competition. Benefits are just adequate. There has been an acceleration in top talent leaving the business.