MGP Ingredients, Inc., a supplier of premium distilled spirits and specialty wheat proteins and starches, announced today chief executive officer Gus Griffin's plans to retire from the Company and its Board at the Company's annual meeting of stockholders on May 21, 2020. The Board named David Colo, currently a director of MGP, as president and chief operating officer effective March 16 until he assumes the role of CEO upon Griffin's retirement in May. Griffin became CEO in July 2014. Under his leadership, the Company developed and successfully implemented a new long-term strategic plan that produced significant improvements in the Company's financial results while also establishing a strong foundation for future growth. Griffin's retirement timeline is consistent with the fixed term set out in his 2017 employment agreement, which permitted the Board to plan for an orderly succession.