MAUMEE, Ohio – After an extensive search, The Andersons, Inc. (Nasdaq: ANDE) 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.
Anderson will remain as the Company’s Chairman of the Board. Bowe will also be appointed to The Andersons Board of Directors.
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, 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.”
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.”
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.