11/4/2021

speaker
Operator
Conference Operator

Good day and welcome to the AmeriCold Realty Trust third quarter 2021 earnings call. All participants will be in listen-only mode. Should you need assistance, please signal conference specialist by pressing the star key followed by zero. Please note this event is being recorded. I would now like to turn the conference over to Scott Henderson, Senior Vice President. Please go ahead.

speaker
Scott Henderson
Senior Vice President

Good afternoon. Good afternoon. Thank you for joining us today for AmeriCold Realty Trust third quarter 2021 earnings conference call. In addition to the press release distributed this afternoon, we have filed a supplemental package with additional detail on our results, which is available in the investor relations section on our website at www.americal.com. This afternoon's conference call is hosted by Americal's Chairman of the Board of Trustees, Mark Patterson, Chief Financial Officer, Mark Smirnoff, and Chief Commercial Officer Rob Chambers. Please note, for this call, we will not be taking questions after the prepared remarks. On today's call, management's prepared remarks may contain forward-looking statements. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ from those discussed today. A number of factors could cause actual results to differ immediately from those anticipated. Forward-looking statements are based on current expectations, assumptions, and beliefs, as well as information available to us at this time, and speak only after the date they are made, and management undertakes no obligation to update publicly any of them in light of new information or future events. During this call, we will discuss certain non-GAF financial measures, including core EBITDA and AFFO. Full definitions of these non-GAAP financial measures and reconciliations to comparable GAAP financial measures is contained in the supplemental information package available on the company's website. Now, I will turn the call over to Mark Patterson.

speaker
Mark Patterson
Chairman of the Board of Trustees

Thank you, Scott. Before Mark Smirnoff discusses our third quarter results and updates the balance of the year, I want to take a few minutes to walk and through today's announcement regarding our leadership change. Today, we announced that the board has appointed George Chappell as Kenron Chief Executive Officer. George brings over 35 years of experience in the food, beverage, and consumer packaged goods industries, as well as decades of experience in supply chain logistics, operations, and information technology. Previously, George served in various executive leadership roles at Tyson Foods, including Chief Operating Officer of their Prepared Foods Division. Friday Tyson, he serves as COO at several leading consumer packaged goods companies, including Advance Pierre Foods, Dijon, and Solo Cup Company. He also served as the Chief Supply Chain Officer and Chief Information Officer at Sara Lee Foods. In his capacity as Chairman of the Board of Agro-Merchants, we work closely with George in connection with That acquisition, we were deeply impressed by his strategic mindset, operational acumen, and strong leadership skills. Having spent time as a customer, competitor, and partner, George knows our industry inside and out and has unique insights into our company. He's aligned with our discipline strategy around serving our customers, engaging our associates, and creating shareholder value. In addition, we welcome George In addition to welcoming George to our board, we also welcome Pam Cohn and Rob Bass. Pam is the Chief Merchandising Officer of Sally Beauty Holdings and has more than 25 years of merchandising, supply chain, logistics, and operations expertise in the food and retail industries. Prior to joining Sally Beauty, Pam served as the Chief Merchandising and Marketing Officer of the Family Dollar Division of Dollar Tree. She also spent 13 years in a variety of of executive leadership positions at Walmart. Rob Bass currently serves as the chief supply chain and global properties officer of Best Buy and brings nearly two decades of experience in global supply chain and operational roles with leading big box retailers. Rob also spent more than 12 years in a variety of supply chain positions with Target Corporation. These trustee appointments build on a strong track record of refreshing our board with members who bring relevant experience to our company. Additionally today, we announced that Fred Bowler has departed the company and resigned from the board. On behalf of the entire Miracle team, we thank Fred for his years of leadership and service to the company. We wish him the best. Fred's departure is not related to any disagreement with the board or members of management concerning corporate strategy or financial or accounting matters. We have retained a nationally recognized search firm to assist us in the search for a permanent chief executive officer. We're focused on working efficiently while taking the time we need to find the best leader to take AmeriCold into the future. We're confident that this leadership change comes at the right time for AmeriCold and that George is the right person to lead AmeriCold through this period of transition. None of these changes impact who we are or what we do. The scale and scope of AmeriCold's network, makes us a critical partner in our customer supply chain, and present compelling opportunities for continued revenue growth and enhanced profitability. AmeriCold has a best-in-class infrastructure, a differentiated business model, and talented and committed employees. I remain excited about the company's long-term prospects, the long-term prospects of this great company. And with that, I'd like to turn it over to Mark Smirnoff. Great. Thanks.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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