Borden Appoints Candace Palmarozzi as VP Corporate Controller and Chief Accounting Officer
Former Lennox International executive will oversee Borden’s accounting function
DALLAS – March 18, 2019 – Borden, a heritage American brand and leading U.S. dairy processor and distributor, today announced Candace Palmarozzi as its Vice President Corporate Controller and Chief Accounting Officer, effective immediately.
“We are delighted to welcome Candace to Borden,” said CEO Tony Sarsam. “She brings impressive and varied experience across a variety of industry and accounting functions, and her position will help the company become even more efficient and effective as we strive for continuous improvement in everything we do.”
Palmarozzi spent more than 10 years in public accounting at PwC, where she served as a subject matter expert for several industry subsectors for the firm. She is a Certified Public Accountant with significant experience in technical accounting issues across various industries. For the past five years, she has held numerous accounting and finance executive positions with Lennox International, which manufactures, sells and distributes HVACR equipment with annual revenue of approximately $4 billion. Most recently, she served as Lennox Commercial’s Business Unit Controller, where she led the accounting and financial planning and analysis functions. In previous roles at Lennox International, she owned the technical accounting function and SEC reporting process, managed a wide variety of accounting, operational and SOX issues, and oversaw FP&A at the segment and business unit levels. She earned her bachelor’s and master’s degrees in accounting from the University of Texas and is expected to graduate with her MBA from Northwestern University this June.
Palmarozzi’s addition represents the completion of Borden’s finance department’s executive team. The company appointed Chief Financial Officer Jason Monaco in December and Vice President of Financial Planning and Analysis Eric Downum in November.
“I am proud to join Borden on its journey to reinvigorate the brand and be a leader and visionary for the dairy industry,” said Palmarozzi. “I’m eager to help the company achieve its financial goals and also be part of an all-new financial leadership team that is committed to fostering a People First culture.”
Founded in 1857 by Gail Borden, Jr., Borden is a heritage American brand that produces more than 35 wholesome and delicious products enjoyed by millions of people every day. Borden was the first company to develop a patent for the process of condensing milk as well as the first company to use glass milk bottles. In 1936, Elsie became America’s favorite spokes-cow and was recognized in 2000 by AdAge as one of the top 10 advertising icons of the 20th century. Today, Borden is headquartered in Dallas and operates 13 milk processing plants and nearly 100 branches across the U.S. that produce and distribute nearly 500 million gallons of milk annually for customers in the grocery, mass market, club, food service, hospitality, school and convenience store channels. The company’s People First culture has inspired decades of loyal tenure among hundreds of the 3,300 people Borden employs. For more information, visit bordendairy.com