Bay State Milling expands research, quality facilities; hires Peter Banat as CFO.
Bay State Milling, Quincy, Mass., said it has begun a 10,000-sq.-ft. addition to accommodate all corporate laboratory operations and strengthen R&D capabilities. In other news, officials said Peter M. Banat joined Bay State Milling as chief financial officer.
Banat has more than 30 years of experience in finance including leadership roles in both national and global organizations, such as Pepsico. He most recently held the position of chief financial officer at the Evenflo Company. Banat is a graduate of the University of Pennsylvania and earned his MBA from the University of Michigan, Stephen M. Ross School of Business.