During Policinski's tenure, Land O’Lakes doubled in size, the company noted. In addition, Policinski oversaw global expansion in recent years with joint ventures in both South Africa and Kenya, and the biggest merger in the company's history with United Suppliers in 2016. He also has championed Land O'Lakes' continued investment in the Twin Cities community in which the company is headquartered.

With nearly 40 years of experience in the food industry, Policinski held positions with Kraft General Foods, Bristol-Myers Squibb and the Pillsbury Co. before joining Land O'Lakes. In addition, he is active at the board level with various industry associations, trade groups and corporations, the company said.

The announcement is part of a leadership succession plan directed by the board. In addition to forming a search committee to identify a permanent CEO, the board appointed Peter Janzen as interim CEO to ensure a smooth transition and continued execution of the company's business plans. Janzen, Land O'Lakes’ senior vice president, general counsel and chief administrative officer, will postpone his recently announced retirement to serve the company as requested by the board until the new CEO is named. He has been with the company for his entire career, joining Land O'Lakes in 1983.

"It's been a privilege to help lead Land O'Lakes through a period of growth and innovation," Policinski said. "My deepest thanks go to the members and employees who have made our success possible and who have created the opportunities ahead."