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OMAHA, Neb., October 27, 2021 (GLOBE NEWSWIRE) – Green Plains Inc. (NASDAQ: GPRE) today announced the appointment of Farha Aslam to its board of directors (the “Board”) as a director independent, as of October. . 26, 2021. Ms. Aslam’s appointment fills the vacancy created by the retirement of Gene Edwards from the board of directors in August 2021.
Ms. Aslam is a leading agribusiness expert, having covered the industry for over two decades as an analyst for companies such as Merrill Lynch & Co. and Stephens Inc. She is currently Managing Partner of Crescent House Capital. , a consultancy firm she founded that develops operating and investment strategies for businesses, investors and service providers across the global food and agriculture value chain. Ms. Aslam also has relevant experience as a director of public companies and is currently a director and audit committee member of Pilgrim’s Pride (NASDAQ: PPC), one of the world’s leading suppliers of high quality food products, and from Calavo Growers, Inc. (NASDAQ: CVGW), a global leader in the avocado industry and a growing supplier of value-added fresh foods.
“Farha’s agro-industry experience and financial expertise are ideally suited to support our continued transformation and growth,” said Wayne Hoovestol, Chairman of the Board. “His experience serving on the boards of global leaders in our field will allow him to provide valuable insight as we continue to leverage technological innovation and strategic partnerships to unlock growth. Additionally, as a former senior Wall Street analyst and current strategic advisor to agribusiness companies, Farha has a deep understanding of investor mindset and a deep appreciation for how companies in our sector generate shareholder value, complementing the solid operational expertise of our other directors. Given her decades of experience at the intersection of Wall Street and agribusiness, we are confident that Farha will be a strong voice for shareholder interests in the boardroom and improve the overall effectiveness of our board of directors. “
After the departure of Calavo’s CFO in July 2021 until September 2021, Ms. Aslam served as Calavo’s interim CFO. In addition, as a member of the board of directors of Pilgrim, she is a representative appointed by the shareholders of JBS USA, the largest shareholder of Pilgrim.
Ms. Aslam was identified through a comprehensive search and selection process conducted with feedback and feedback from shareholders. Ms. Aslam’s appointment builds on the Company’s previously announced Board Refresh initiative and the comprehensive review of governance and board composition that the Board has undertaken in response to the results of the annual meeting. from 2020.
About Farha AslamFarha Aslam is a Managing Partner at Crescent House Capital, a strategic investment and advisory firm she founded that focuses on the agriculture, energy and food processing sectors. Ms. Aslam has worked in the finance industry since 1996. Prior to founding Crescent House in 2019, she was Managing Director of Stephens Inc., where she led the company’s equity research team in the finance industry. ‘food and agribusiness and has built a leading research franchise that has spanned the grains, ethanol, protein and packaged foods sectors and has successfully positioned several equity offerings and Debt Financing Managed by Lead Partners. Previously, Ms. Aslam was Vice President at Merrill Lynch and Risk Management Advisor at UBS. Ms. Aslam sits on the boards of Pilgrim’s Pride; producers of Calavo, Inc .; PSSI; and the saffron route. She is a member of the audit committees of Pilgrim’s Pride and Calavo. At Calavo, she is also a member of the compensation and sustainability committees of the board of directors. Ms. Aslam graduated from the University of California with a BA in Economics. She holds an MBA from Columbia University.
About Green Plains Inc.Green Plains Inc. (NASDAQ: GPRE) is a leading biorefinery company focused on the development and use of fermentation, agricultural and organic technologies to transform annually renewable crops into sustainable, value-added ingredients. This includes the production of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels, and high purity alcohols for use in cleaners and disinfectants. Green Plains is an innovative producer of ultra high protein ingredients and novel ingredients for animal and aquaculture diets to satisfy a growing global appetite for sustainable protein. The Company also owns a 48.9% limited partnership interest and a 2.0% general partner interest in Green Plains Partners LP. For more information, visit www.gpreinc.com
Forward-looking statementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements reflect the current views of management, which are subject to risks and uncertainties, including, but not limited to, anticipated financial and operating results, plans and objectives which are not historical in nature. These statements can be identified by words such as “believe”, “expect”, “may”, “should”, “will” and similar expressions. Factors which could cause actual results to differ materially from those expressed or implied include: disruptions caused by health epidemics, such as the coronavirus epidemic, competition in industries in which Green Plains operates; commodity market risks and financial market risks; counterparty risks; risks associated with changes in federal policy or regulations, including changes in tax laws; risks related to the closing and achievement of the expected results of acquisitions and disposals. Other factors may include risks associated with Green Plains’ ability to achieve anticipated higher margins through the Company’s high protein foods, clean sugar, specialty alcohols and carbon sequestration initiatives; achieve the anticipated savings from project 24; successfully pursue its ongoing transformation strategy 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 press release. Green Plains assumes no obligation to update these forward-looking statements, except as required by law.
Contacts Green Plains Inc.Investors: Phil Boggs | Executive Vice President, Investor Relations | 402.884.8700 | [email protected]Media: Lisa Gibson | Communication manager | 402.952.4971 | [email protected]
Source: Green Plains Inc.