MINNEAPOLIS, Sept. 19, 2017 /PRNewswire/ -- DTN Chief
Executive Officer Ron Sznaider today
announced that he is retiring as CEO effective Oct. 1, 2017 after 34 years with the company. DTN
Executive Chairman Jerre Stead said
that Kip Pendleton, senior vice
president-Agriculture, will replace Sznaider as CEO. DTN is an
independent provider of information and actionable insights in the
areas of agriculture, weather services, refined fuels and
trading.
Stead said that while Sznaider is retiring as CEO, he will
continue with the company for the near term as a senior advisor. In
this role, Sznaider will support the company's continuing
transformation in some of the areas most critical for DTN's
long-term success, including mergers and acquisitions, global
expansion and innovation in new offerings that leverage the
company's assets even further toward offering world-class insight
and analytics to its customers.
"Ron has made significant contributions to DTN over the many
years he has served the company, and the DTN board and I thank him
for his leadership and dedication to the company, our colleagues
and customers," Stead said. "We look forward to his work in the
senior advisory role as we continue to evolve and grow DTN in our
mission to feed, fuel and protect the world."
Stead added: "We are very pleased to have someone with Kip's
background and demonstrated success to replace Ron as CEO as we
work on our plans to facilitate DTN's strategic and commercial
expansion around the globe."
Pendleton joined DTN in July as senior vice president of
Agriculture. Prior to joining DTN, Pendleton was president of
The Pendleton Group, a successful strategic consulting firm serving
technology and agriculture companies. In addition, he was senior
vice president and general manager of Ag at Hemisphere GPS;
founder, president, CEO and chairman of DirectAg, the first
e-commerce company in agriculture; and then president and co-CEO of
Agristar, the company that acquired DirectAg. He has worked with
leading public companies including DuPont Pioneer, Syngenta
Northrup King and Dow AgroScience Mycogen Seeds.
About DTN
DTN is the independent, trusted source of
actionable insights for 600,000 customers focused on feeding,
protecting, and fueling the world. Customer-centric and
employee-driven, the company focuses on empowering agriculture, oil
& gas, trading, and weather-sensitive industries through
continuous, leading-edge innovation. It also owns and operates
The Progressive Farmer magazine, the premier publication in
Agriculture. Based in Minneapolis
and Omaha, Nebraska, DTN is owned
by TBG, a private century-old investment holding company
headquartered in Zurich.
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SOURCE DTN