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NASDAQ:SDOT
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New CEO
On February 13, 2025, Sadot Group (NASDAQ:SDOT) announced the appointment of Catia Jorge as new Chief Executive Officer. Ms. Jorge has nearly 30 years of experience in agricultural markets, commodity trading, and operational leadership. Most recently, she served as Brazil Country Head and Vice President/Grains Business Head Latin America for Olam Agri. There she managed a $1.0 billion annual revenue portfolio. Prior to Olam, she held roles at Cargill Agricola South America exporting over 7 million metric tons of grain exports annually as well as leadership positions at J. Macedo. Ms. Jorge holds a master’s degree in Agri-Business from Kansas State University and an MBA in Global Trade from the University of Dallas.
Sadot Group Chairman of the Board Kevin Mohan stated, "Catia's deep expertise in global agriculture markets, her leadership acumen and her strategic vision make her the perfect fit to lead Sadot through its next stage of expansion. She's a strong and collaborative leader with a reputation for developing unique solutions that consistently drive growth and value. Over the past two years our team has built a strong foundation and Catia is the right leader at the right time to accelerate growth and take us to the next level, establishing Sadot as a leading player in the global food supply chain."
Ms. Jorge succeeds Michael Roper, who will transition into a new leadership position as Chief Governance & Compliance Officer, which will oversee the company's regulatory and capital market requirements. Mr. Roper will continue to lead the previously announced efforts to divest the remaining restaurant operations.
Pet Food Ingredients
On January 27, 2025, Sadot announced the entry into the North American pet food ingredients supply business, which is a fast growing sector within the food and agriculture industry.
The company will leverage its extensive experience and industry relationships with the goal of meeting the increasing demand for ingredients to supply the premium pet food sector in North America. Sadot is in the process of establishing a network of logistical partners, suppliers and customers to provide a comprehensive offering to the market. This will cover both dry and wet pet food formulations.
The size of the U.S. pet food industry is approximately $60.0 billion. As of 2024, 86.9 million homes, or 66% of U.S. households own a pet, which includes 65.1 million homes with dogs, and 46.5 million having cats.