Mel Machado, Carmen Bourgaize, Jeff Hatfield, and Kai Bockmann
changes, including the Sacramento plant closure and corporate staff reduction, will result in long-term savings for the Cooperative. These changes do not happen overnight, but they set us up for the future. We have a culture of agility and nimbleness, and we are moving away from initiatives that don’t generate a strong return for our growers. Even though we are on a major change journey, what hasn’t changed is our commitment to our growers. You are at the heart of everything we do. We are pivoting and transforming Blue Diamond for long-term success. We’ve seen 115 years of good times and some tough times. The exciting changes we are making will set us up to enjoy the good times and navigate the tough times for another 115 years. Despite recent headwinds, we have a strong balance sheet. We have flourishing brands that continue to grow our market-leading positions. We have an unmatched innovation pipeline, and we continue to drive efficiencies and reduce costs. Most importantly, we have a highly motivated team focused only on one thing — delivering higher grower returns. Thank you to our teammates and our board for their passion and commitment to working hard for our growers. Most importantly, thank you, our growers. You are the backbone of our Blue Diamond cooperative. As you look ahead, we want you to have confidence in our direction and the opportunities ahead, and confidence in knowing that we fight for you every day to drive higher returns. From my family to yours, thank you, and Happy Holidays.
Kai Bockmann President & CEO
7
NOVEMBER–DECEMBER 2025
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