Renewable Energy Group Announces Changes to Board of Directors
March 15 2018 - 12:00PM
Renewable Energy Group, Inc. (NASDAQ:REGI), the nation’s leading
advanced biofuel producer, announced that two new Board members
have been appointed to the company’s Board of Directors.
Joining the Board are Ms. Debora (Deb) Frodl, a
former GE Executive and Mr. James C. (Jim) Borel, a former DuPont
Executive. Both began serving on the Board effective March 14.
“After initiating our search process last year, we
are excited to add these two exceptional individuals to the REG
Board,” said Jeff Stroburg, Chairman of the Board. “Deb and Jim
bring deep experience in areas key to REG’s existing operations and
future growth strategy.”
As a top senior executive at GE, Frodl led
Ecomagination, a business strategy group focused on developing
clean technology innovation that drives positive environmental and
economic impact at global scale. During her tenure, GE
invested $11 billion in Ecomagination R&D and generated $175
billion in revenue, while driving decarbonization and cost
reductions for global customers. Prior to this role, Frodl served
as Chief Strategy Officer & Global Alternative Fuels Leader for
GE and has over twenty years experience as a senior executive in GE
Capital. Frodl serves as an Ambassador for the Clean Energy,
Education & Empowerment for Women Initiative, a collaboration
between U.S. Department of Energy, MIT & Stanford. She also
serves as a Director for the Advanced Energy Economy, an
organization of businesses working to make energy secure, clean,
and affordable.
Borel is an experienced agriculture and food
executive and has dedicated nearly four decades to the global
agriculture and food sectors. In January 2016, he retired from
DuPont as executive vice president and a member of the company's
Office of the Chief Executive. In his final role at DuPont, he had
responsibility for DuPont Pioneer, Crop Protection and Nutrition
& Health businesses as well as the corporate functions of:
Sustainability; Safety, Health & Environment; Product
Stewardship & Regulatory; and Government Affairs and the Latin
America Region. He has been and continues to be a vocal advocate
for food security worldwide. Borel serves as a Director for Farmers
Edge, Neogen Corporation and Just, Inc.
Frodl will serve as a Class II Director and her
term will expire at the 2019 annual meeting of stockholders. Borel
will serve as a Class I Director and his term will expire (and he
will be nominated for re-election) at the 2018 annual meeting of
stockholders.
The company also announced that Michael Jackson has
decided to retire from the Board and has submitted his resignation,
effective March 14, 2018. “On behalf of the Board of Directors and
management, I would like to thank Mike for his 12 years of
dedicated service,” said Stroburg.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ:REGI) is a
leading provider of cleaner, lower carbon intensity products and
services. We are an international producer of biomass-based diesel,
a developer of renewable chemicals and are North America's largest
producer of advanced biofuel. REG utilizes an integrated
procurement, distribution, and logistics network to convert natural
fats, oils, greases, and sugars into lower carbon intensity
products. With 14 active biorefineries, a feedstock processing
facility, research and development capabilities and a diverse and
growing intellectual property portfolio, REG is committed to being
a long-term leader in bio-based fuel and chemicals.
Investor Relations Contact: Todd
Robinson Treasurer+1 (515) 239-8048todd.robinson@regi.com
Media Contact:Anthony
HulenExecutive Director, Corporate Affairs+1 (703)
822-1972anthony.hulen@regi.com
Photos accompanying this announcement are available
at
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