Karat Packaging’s COO/Director to Retire; Company Appoints Chief Revenue Officer
August 31 2023 - 8:00AM
Karat Packaging Inc. (Nasdaq: KRT) (the “Company” or “Karat”), a
specialty distributor and manufacturer of disposable foodservice
products and related items, today announced that its Chief
Operating Officer, Joanne Wang, will retire as an officer effective
December 1, 2023. Wang also will relinquish her seat on the
Company’s five-person board, which will remain vacant until a
successor is appointed.
“Joanne was among Karat’s first employees and played an
instrumental role in the Company’s growth and development over the
past twenty-plus years,” said Alan Yu, Chief Executive Officer.
“Joanne’s dedication, mentorship, and distinguished contribution
will always be appreciated and remembered. We wish her well in her
future endeavors.”
Karat also announced the appointment of Daniel Quire as Chief
Revenue Officer, a newly created position. Quire most recently was
the Company’s Vice President of Sales, with more than a decade of
sales management experience in the foodservice sector. Previously,
Quire was with Bunzl Distribution N.A. for over 10 years, most
recently as Sales Manager.
“Daniel has been an integral part of the Company’s growth since
joining Karat in 2018. As we continue to implement our strategic
initiatives to reduce our manufacturing footprint in California and
increase import items, Joanne’s operational duties will be divided
among several key team members, focusing on manufacturing in Texas
and distribution centers nationwide, as well as technology
advancement for our business operations,” Yu added.
About Karat Packaging Inc.
Karat Packaging Inc. is a specialty distributor and manufacturer
of a wide range of disposable foodservice products and related
items, primarily used by national and regional restaurants and in
foodservice settings throughout the United States. Its products
include food and take-out containers, bags, tableware, cups, lids,
cutlery, straws, specialty beverage ingredients, equipment, gloves
and other products. The company’s eco-friendly Karat Earth® line
offers quality, sustainably focused products that are made from
renewable resources. Karat Packaging also offers customized
solutions, including new product development and design, printing,
and logistics services. To learn more about Karat Packaging, please
visit the company’s website at www.karatpackaging.com.
Investor Relations and
Media Contacts:
PondelWilkinson Inc.Judy Lin/Roger
Pondel 310-279-5980ir@karatpackaging.com
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