MAUMEE, Ohio, Sept. 9, 2015 /PRNewswire/ -- After an
extensive search, The Andersons, Inc. (Nasdaq: ANDE) today
announced that its Board of Directors has appointed Pat Bowe, formerly Corporate Vice President of
Cargill, Inc., to succeed Mike
Anderson as President and Chief Executive Officer, effective
Nov. 2, 2015. Mr. Anderson will
remain as the Company's Chairman of the Board. Mr. Bowe will also
be appointed to The Andersons Board of Directors.
Mr. Bowe has more than 35 years of experience in the
agricultural sector. In his most recent role as Corporate Vice
President for Cargill's Food Ingredient and Systems Platform he was
responsible for strategy, capital allocation decisions, customer
relationship management, as well as leading key sourcing and
business excellence initiatives. During his time at Cargill,
Mr. Bowe held a variety of leadership positions at the company,
both domestically and abroad, including oversight of the company's
Corn Wet Milling operation. He has extensive experience in
leading large organizations with particular expertise in commodity
and futures trading, acquisitions and joint ventures, process
improvement, strategic sourcing, capital management, and
establishing and maintaining strong customer
relationships.
"We are pleased to name someone of Pat's caliber as our next CEO
of The Andersons," said Mike
Anderson. "Pat is an accomplished executive with a proven
track record of delivering results and he brings extensive global
experience in the agricultural sector as well as broad expertise in
strategy design, team development, and establishing customer
partnerships. We are confident Pat is the ideal leader to carry on
the proud tradition of the Company my grandfather founded. He joins
a dedicated and talented Andersons leadership team that is well
positioned to build on our strong foundation and take the Company
into the future."
Mr. Bowe said, "I am excited to have the opportunity to lead
such an outstanding organization. I have long admired The
Andersons and I look forward to capitalizing on the unique
opportunities that lie ahead for the Company."
Patrick E. Bowe Biography
Mr. Bowe served as Corporate
Vice President of Cargill, Inc. and one of the leaders of the
company's Food Ingredients and Systems business since 2007.
Prior to joining Cargill's Corn Milling Division, Bowe managed the
copper trading desk for Cargill Metals Division and worked as a
trader and analyst for Cargill Investor Services at the
Chicago Board of Trade. In
addition to his Cargill experience, Bowe also worked as a cash
grain merchant for Louis Dreyfus Corp. in Springfield, Ill., and Phil O'Connel Grain
Co., in Stockton, Calif.. early in
his career. Mr. Bowe earned his bachelor's degree in
political science from Stanford
University, Palo Alto,
Calif. He went on to earn a master's degree from
Stanford's Food Research Institute. He
and his wife will be relocating to the Maumee area in the near future.
About The Andersons, Inc.
Founded in Maumee, Ohio, in 1947, The Andersons is a
diversified company rooted in agriculture conducting business
across North America in the grain,
ethanol, plant nutrient and rail sectors. The Company also has a
consumer retailing presence. For more information, visit The
Andersons online at www.andersonsinc.com.
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SOURCE The Andersons, Inc.