Green Plains Appoints Patrich Simpkins as Chief Financial Officer, John Neppl Leaving Green Plains to Become the CFO at Bunge...
May 08 2019 - 06:00AM
Green Plains Inc. (NASDAQ:GPRE) today announced that Patrich
Simpkins, Chief Development Officer, will take over as Chief
Financial Officer of Green Plains and Green Plains Partners LP
(NASDAQ:GPP) effective May 13, 2019. Mr. Simpkins promotion to
Chief Financial Officer comes as current CFO John Neppl, has been
appointed Executive Vice President and Chief Financial Officer of
Bunge Limited. Mr. Neppl will transition his responsibilities to
Mr. Simpkins over the coming weeks.
“John has been instrumental in driving the success of our
portfolio optimization plan to date which was launched a year ago,”
said Todd Becker, president and chief executive officer. “We
appreciate John’s many contributions to Green Plains during his
tenure and we wish him great success in his new position.”
“Working at Green Plains has been a great experience for me and
I am grateful for the opportunity to have been a part of the
company. There is a strong, dedicated management team in place to
complete the portfolio optimization plan and position the company
for the future,” said Neppl.
Patrich Simpkins has served as Chief Development Officer since
October 2014, previously serving as Chief Risk Officer from October
2014 through August 2016 and as Executive Vice President of Finance
and Treasurer from May 2012 to October 2014. Prior to joining
Green Plains, Mr. Simpkins held a number of senior management
positions with SensorLogic, Inc., TXU Corporation, Duke Energy
Corporation, and Louis Dreyfus Energy. Mr. Simpkins has a Bachelor
of Business Administration degree from the University of
Kentucky.
“Patrich has been a key member of the Green Plains management
team, driving our strategic objectives for the last five years,”
stated Becker. “Patrich demonstrates significant leadership
qualities and his experience and knowledge of the company will
serve us well in his new role as our CFO.”
Paul Kolomaya, Executive Vice President – Commodity Finance has
been promoted to Chief Accounting Officer of Green Plains and Green
Plains Partners LP. Previously, Mr. Kolomaya had served as
Executive Vice President – Commodity Finance since February 2012.
Prior to joining Green Plains in August 2008 as Vice President –
Commodity Finance, Mr. Kolomaya was employed by ConAgra Foods,
Inc. and brings 22 years of commodity finance and accounting
experience to the company. Mr. Kolomaya holds chartered accountant
and certified public accountant certifications and has a Bachelor
of Honors Commerce degree from the University of Manitoba.
“Paul has been a valuable member of the Green Plains management
team since 2008,” added Becker. “His commodity finance and
accounting knowledge are invaluable to our company and we look
forward to his continued growth and success.”
About Green Plains Inc.Green Plains Inc.
(NASDAQ:GPRE) is a diversified commodity-processing business with
operations related to ethanol production, grain handling and
storage, cattle feeding, and commodity marketing and logistics
services. The company is one of the leading producers of ethanol in
the world and, through its adjacent businesses, is focused on the
production of high-protein feed ingredients and export growth
opportunities. Green Plains owns a 49.1% limited partner interest
and a 2.0% general partner interest in Green Plains Partners. For
more information about Green Plains, visit www.gpreinc.com.
About Green Plains Partners LPGreen Plains
Partners LP (NASDAQ:GPP) is a fee-based Delaware limited
partnership formed by Green Plains Inc. to provide fuel storage and
transportation services by owning, operating, developing and
acquiring ethanol and fuel storage tanks, terminals, transportation
assets and other related assets and businesses. For more
information about Green Plains Partners, visit
www.greenplainspartners.com.
Forward-Looking StatementsThis news release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements reflect management’s current views,
which are subject to risks and uncertainties including, but not
limited to, anticipated financial and operating results, plans and
objectives that are not historical in nature. These statements may
be identified by words such as “believe,” “expect,” “may,”
“should,” “will” and similar expressions. Factors that could cause
actual results to differ materially from those expressed or implied
include: competition in the industries in which Green Plains
operates; commodity market risks, financial market risks;
counterparty risks; risks associated with changes to federal policy
or regulation, including changes to tax laws; risks related to
closing and achieving anticipated results from acquisitions and
disposals. Other factors can include risks associated with the
Green Plains’ ability to successfully complete the sale of assets
related to the company’s announced portfolio optimization plan and
other risks discussed in Green Plains’ reports filed with the
Securities and Exchange Commission. Investors are cautioned not to
place undue reliance on forward-looking statements, which speak
only as of the date of this news release. Green Plains assumes no
obligation to update any such forward-looking statements, except as
required by law.
Contact: Jim Stark, Vice President - Investor
and Media Relations, Green Plains Inc. (402) 884-8700
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