David Bratcher Succeeds current President and CEO David Colo at MGP Ingredients

MGP Ingredients, Inc. has announced the appointment of David Bratcher as the President and Chief Executive Officer, effective from January 1, 2024. He will take over from David Colo, who will retire from his position as President and CEO of MGPI on December 31. The company’s board of directors has also nominated Mr. Bratcher for election as a Class B director, effective from January 1, 2024, pending preferred stockholder approval.

Mr. Colo became the President and COO of MGPI in late March 2020. As part of the succession plan, Mr. Colo will also step down from the company’s board of directors, effective from December 31. Mr. Colo will remain in an advisory role at MGPI until April 2024 to facilitate a seamless transition, according to the company’s statement.

Before this appointment, Mr. Bratcher served as the President and Chief Operating Officer of Branded Spirits following the merger of its parent company, Luxco, Inc., with MGPI in 2021. He worked closely with MGPI’s management team to oversee the overall business and the extensive Branded Spirits portfolio. Prior to the Luxco merger, Mr. Bratcher held various leadership positions at the company, dating back to 1998, with his most recent role as President since 2013. He also gained experience in financial and operational roles at several consumer product companies, including spirits company Allied Domecq, which was one of the world’s largest spirits companies at the time, as noted by MGPI.

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