MINNEAPOLIS, April 20, 2020 /CNW/ - Ceres Global Ag Corp.
(TSX: CRP) ("Ceres" or the "Company") is pleased to announce the
hire of Jay Bierley to serve as the
Company's Chief Financial Officer. Mr. Bierley will join the
Company on April 22, 2020, and will
officially be appointed as Chief Financial Officer on May 1, 2020, replacing Interim Chief Financial
Officer John Haug. Mr. Haug will
remain with Ceres in an advisory role to assist with Mr. Bierley's
transition and a variety of other matters until the end of the
fiscal year.
"We are very pleased to welcome Jay to the Ceres team. He brings
a wealth of industry knowledge and expertise which will be a
valuable asset to us as we continue to serve our customers and
execute on our growth strategy while navigating through the new
market conditions brought about by the impacts of COVID-19," said
Mr. Robert Day, President and Chief
Executive Officer at Ceres. "I'd also like to sincerely thank
John Haug for his invaluable
leadership and expertise. John has been a significant contributor
to our team over the last several months and we look forward to
continuing our work together until the close of the fiscal
year."
Mr. Bierley joins Ceres from Bunge where he worked across
North America and Asia in regional and global CFO and financial
leadership roles for 18 years. He brings a depth of industry
experience across key business areas with over 25 years of
financial and operational leadership experience across the
agribusiness and food value chain with extensive experience working
globally in grain origination, processing, trading, merchandising,
and distribution. He has an MBA and a bachelor's degree in
Accounting from the Indiana University
Kelley School of Business.
About Ceres Global Ag Corp. (ceresglobalagcorp.com)
Through its network of commodity logistics centers and team of
industry experts, Ceres merchandizes high-quality North American
agricultural commodities and value-added products and provides
reliable supply chain logistics services to agricultural, energy
and industrial customers worldwide.
Ceres is headquartered in Minneapolis,
MN and together with its wholly-owned affiliates, operates
12 locations across Saskatchewan,
Manitoba, Ontario, and Minnesota. These facilities have an aggregate
grain and oilseed storage capacity of approximately 30.8 million
bushels.
Ceres also has a 50% interest in Savage Riverport, LLC, a joint
venture with Consolidated Grain and Barge Co., a 50% interest in
Gateway Energy Terminal, an unincorporated joint venture with Steel
Reef Infrastructure Corp., a 25% interest in Stewart Southern
Railway Inc., a short-line railway located in southeast
Saskatchewan with a range of 130
kilometers, and a 17% interest in Canterra Seed Holdings Ltd, a
Canada-based seed development
company.
Cautionary Notice: This news release contains
"forward-looking information" within the meaning of applicable
Canadian securities legislation and United States securities laws. Forward-looking
information may include but is not limited to, statements regarding
the timing and completion of the Private Placement and the proposed
use of proceeds. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"expects," "intends," "anticipates," "believes" or variations of
such words and phrases or statements that certain actions, events
or results "may," "could," "would" or "might," "be taken," "occur"
or "be achieved." Forward-looking information is based on the
opinions and estimates of management at the date the information is
made and is based on a number of assumptions and subject to a
variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those
projected in the forward-looking information. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. Ceres
undertakes no obligation to update forward-looking information if
circumstances or management's estimates or opinions should change,
except as required by applicable securities laws. The reader is
cautioned not to place undue reliance on forward-looking
information.
SOURCE Ceres Global Ag Corp.