MINNEAPOLIS, MN, May 23, 2017 /CNW/ - Ceres Global Ag Corp.
("Ceres" or the "Company") (TSX: CRP) announced today that it has
further strengthened its commercial and financial teams with the
appointment of two industry veterans bringing 45 years of combined
experience in trading, risk management and accounting.
The appointments are consistent with the Company's goal of hiring
talented individuals who can execute on Ceres' growth strategy
focused on lowering fixed cost per bushel handled while increasing
volume throughout the Company's network of facilities and
beyond.
John Carroll has been named Vice
President, Trading and Risk Management effective June 1, 2017, and Kyle
Egbert has been appointed Vice President of Finance
effective July 10, 2017.
Mr. Carroll joins Ceres from Guardian Energy Management, a
privately-held, mid-sized ethanol processing company, where
he was the Director of Commodity Risk Management. Previously, he
spent more than 20 years at Cargill and Black
River, where he held many different roles within the Grain
and Oilseeds, Natural Gas, and Thermal Energy Supply Chain Business
Units. Mr. Carroll is a graduate of Yale
University and the University of
Minnesota Carlson School of Management.
"I'm very pleased to welcome John to our Company," said
Robert Day, CEO of Ceres Global
Ag. "His extensive trading and merchandizing experience
across agriculture and energy sectors ensures that we have the
skill set needed to successfully execute on our growth
strategy. John's maturity and leadership are exactly what the
company needs to develop our team of young and talented traders and
merchandizers."
Mr. Egbert joins from Royal Dutch
Shell where he was the Global Derivative Technical Account
Manager. Supervising a team in the US and London, his work entailed analyzing creative
and innovative ways to generate value for the trading
organization. He also has an extensive working knowledge with
compliance and controls. Mr. Egbert holds an MBA from
the University of Texas at Austin and a
Master's Degree in Accounting from the University of Utah.
"We are very excited about Kyle's decision to accept this
position with Ceres," Mr. Day added. "Kyle's large
company experience and formal training will be extremely valuable
as we continue to grow our business."
Messrs. Carroll and Egbert will be based in the Company's
headquarters in Minneapolis.
About Ceres Global Ag Corp.
(ceresglobalagcorp.com)
Headquartered in Minneapolis, Ceres Global Ag Corp. is focused
on two primary businesses: a Grain Storage, Handling and
Merchandising unit; and a Commodity Logistics unit.
Ceres' Grain Storage unit is anchored by its 100% ownership of
Riverland Ag Corp., a collection of eight grain storage and
handling assets in Minnesota,
New York, Saskatchewan and Ontario having aggregate storage capacity of
approximately 44.8 million bushels as at March 31, 2017.
Ceres' Commodity Logistics unit is focused on the development of
a Commodity Logistics Centre in Northgate, SK. The Northgate
Commodities Logistics Centre is a state-of-the-art grain,
agriculture services and oilfield supplies transloading site.
Ceres also has a 25% interest in Stewart Southern Railway Inc.,
a short-line railway with a range of 130 kilometres that operates
in South-eastern Saskatchewan and
a 17% interest in Canterra Seeds, a Canadian-based seed development
company.
SOURCE Ceres Global Ag Corp.