GENERAL PARTNERS AND OFFICERS
Robert J. Parnow,
President and Chief Operating Officer, has over 30 years of food manufacturing
experience. Prior to forming Plaza Belmont, Mr. Parnow was Vice President of Manildra
Milling Corporation. Mr. Parnow previously held management, production and technical
positions with Holly Farms, ConAgra, Archer Daniels Midland, Pillsbury and Peavey Company.
He is active in the food industry with memberships in Allied Trades of the Baking
Industry, the Young Baking Executives of the ABA, the Institute of Food Technologists, and
the American Association of Cereal Chemists. He has served as President and on the
Board of Directors of SPI Foods, Inc. Mr. Parnow has a B.S. degree in Food Science from the University of
Minnesota and a MBA from the College of St. Thomas in St. Paul, Minnesota. James A. Olson,
Chief Financial Officer, retired after 32 years with Ernst & Young LLP,
including six years in Europe, where he worked with multi-national clients in a variety of
industries and served as managing partner of two offices. Mr. Olson worked extensively
with publicly held companies and has experience with securities offerings, mergers and
acquisitions and corporate tax strategies. Mr. Olson is a past president of the Missouri
State Board of Accountancy and a member of the American Institute of Certified Public
Accountants. Mr. Olson received a BS and MS from St. Louis University. John S. Dalton,
Vice President, has over 25 years of investment banking and private equity
experience. Prior to joining Plaza Belmont, Mr. Dalton was President of Kansas
Venture Capital, Inc., a $40 million venture capital company providing equity and
mezzanine capital to later-stage Midwestern-based companies. Mr. Dalton previously
held corporate finance and investment banking positions with the MidAmerican/Mercantile
banking group and Stern Brothers & Co. in Kansas City. Mr. Dalton has extensive
mergers and acquisitions, venture capital and capital markets experience. He
received the Chartered Financial Analyst (CFA) designation in 1978 and has a BS in
Business Administration and an MBA from the University of Kansas. Timothy W. Cranor,
General Partner, has over 30 years of experience in the food and commodity business. Mr. Cranor came to Plaza Belmont from Interstate Bakeries Corporation, where he was Senior Vice President of Purchasing for two years and later spent seven years in operations with profit and loss responsibility for regional bakeries. Prior to IBC, Mr. Cranor spent 12 years with Cereal Foods Processors, a privately held flour milling company, and 10 years with the grain division of Farmland Industries. He has served on the board of directors of the Kansas City Board of Trade, the American Institute of Baking, the Wheat Quality Council and the Kansas Grain and Feed Association. He is currently President of Premier Blending, Inc. Mr. Cranor graduated cum laude with a B.S. degree from Kansas State University and is currently on the Board of Trustees for the Kansas State University Foundation. Memphis Office John T. Stout,
Chairman is a retired Vice President and board member of Holly Farms
Corporation, where he served as Chairman of the Flour and Bakery Supplies Group. While at
Holly Farms Corporation, Mr. Stout presided over the acquisition of numerous food
manufacturing companies. After 42 years with Holly Farms Corporation, Mr. Stout led a
buyout of Diana Fruit Company from Tyson Foods. Mr. Stout also served as Chairman of the
Board of Orange County Bank in Paoli, IN from 1955 to 1997. Mr. Stout graduated from
Earlham College and has a MBA from Harvard Business School. Henry Holt,
Treasurer, retired as the Controller of Dixie Portland Flour Mills, a subsidiary
of Holly Farms Corporation. Mr. Holt has over 40 years of accounting experience in
the food manufacturing industry. Mr. Holt is also an investor in Diana Fruit Company. Mr.
Holt received his Accounting Certificate from Southwestern College.
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John T. Stout, Jr., Chief Executive Officer,
has over 25 years of food manufacturing experience. Prior to forming Plaza Belmont in
1998, Mr. Stout was President of Manildra Milling Corporation (Shawnee Mission, Kansas),
an internationally owned food ingredient manufacturing company. In 1990, he helped form a
group of investors who purchased Diana Fruit Company (Santa Clara, California) from Tyson
Foods. Prior to that Mr. Stout was Executive Vice President of Dixie Portland Flour
Mills (Memphis, Tennessee), a subsidiary of Holly Farms. Mr. Stout is active within the
food industry having served as Chairman of the International Wheat Gluten Association, the
Wheat Quality Council, the Allied Trades of the Baking Industry, and the Young Baking
Executives of the American Bakers Association. He has served on the Board of
Directors of the American Bakers Association, Dixie Portland Flour Mills, Manildra Energy,
Manildra Milling and SPI Foods. He currently serves on the Board of Directors of the
American Institute of Baking, Bryce Corporation, The Mennel Milling Company, Diana Fruit
Company, Agricor, Premier Blending, Hilton House Foods and National Harvest. Mr.
Stout has a BBA from Emory University.