The Andersons, Inc. Names Bill Krueger as CEO Effective October 1, Pat Bowe Will Remain Chairman
The Andersons, Inc. (Nasdaq: ANDE) has announced a significant leadership change. Bill Krueger, the current Chief Operating Officer, will succeed Pat Bowe as President and CEO effective October 1, 2024. Krueger will also join the company's Board of Directors, while Bowe will remain as Chairman of the Board.
Under Bowe's leadership since 2015, The Andersons achieved record revenue of nearly $17 billion in 2022 and grew adjusted EBITDA from $120 million to over $400 million by 2023. The company also maintained its track record of 112 consecutive dividends.
Krueger, who joined The Andersons in 2019 through the acquisition of Lansing Trade Group, brings extensive experience in the agricultural supply chain and commodity industry. He expressed eagerness to explore new opportunities and further strengthen the company's 77-year legacy.
The Andersons, Inc. (Nasdaq: ANDE) ha annunciato un importante cambiamento nella leadership. Bill Krueger, attuale Chief Operating Officer, succederà a Pat Bowe come Presidente e CEO a partire dal 1 ottobre 2024. Krueger entrerà anche a far parte del Consiglio di Amministrazione dell'azienda, mentre Bowe rimarrà Presidente del Consiglio.
Sotto la guida di Bowe dal 2015, The Andersons ha raggiunto un fatturato record di quasi 17 miliardi di dollari nel 2022 e ha aumentato l'EBITDA rettificato da 120 milioni a oltre 400 milioni di dollari entro il 2023. L'azienda ha mantenuto il suo record di 112 dividendi consecutivi.
Krueger, entrato in The Andersons nel 2019 attraverso l'acquisizione di Lansing Trade Group, porta con sé una vasta esperienza nel settore della catena di approvvigionamento agricola e delle merci. Ha espresso entusiasmo per esplorare nuove opportunità e rafforzare ulteriormente il patrimonio di 77 anni dell'azienda.
The Andersons, Inc. (Nasdaq: ANDE) ha anunciado un importante cambio de liderazgo. Bill Krueger, el actual Director de Operaciones, sucederá a Pat Bowe como Presidente y CEO a partir del 1 de octubre de 2024. Krueger también se unirá a la Junta Directiva de la empresa, mientras que Bowe seguirá como Presidente de la Junta.
Bajo el liderazgo de Bowe desde 2015, The Andersons logró ingresos récord de casi 17 mil millones de dólares en 2022 y aumentó el EBITDA ajustado de 120 millones a más de 400 millones de dólares para 2023. La empresa también mantuvo su trayectoria de 112 dividendos consecutivos.
Krueger, quien se unió a The Andersons en 2019 a través de la adquisición del Lansing Trade Group, aporta una amplia experiencia en la cadena de suministro agrícola y la industria de materias primas. Expresó su entusiasmo por explorar nuevas oportunidades y fortalecer aún más el legado de 77 años de la empresa.
The Andersons, Inc. (Nasdaq: ANDE)는 중요한 리더십 변경을 발표했습니다. 현재 최고 운영 책임자(Bill Krueger)가 Pat Bowe를 뒤이어 2024년 10월 1일부터 사장 겸 CEO로 취임합니다. Krueger는 회사 이사회에도 합류하며, Bowe는 이사회 의장직을 유지할 것입니다.
Bowe의 리더십 하에 2015년부터 The Andersons는 2022년에 거의 170억 달러의 기록적인 수익을 달성했으며, 조정 EBITDA를 1억 2000만 달러에서 2023년에는 4억 달러 이상으로 증가시켰습니다. 이 회사는 또한 112회의 연속 배당금 기록을 유지해왔습니다.
Krueger는 2019년 Lansing Trade Group의 인수를 통해 The Andersons에 합류했으며, 농업 공급망 및 원자재 산업에서의 폭넓은 경험을 가지고 있습니다. 그는 새로운 기회를 탐색하고 회사의 77년 유산을 더욱 강화할 수 있기를 기대한다고 밝혔습니다.
The Andersons, Inc. (Nasdaq: ANDE) a annoncé un changement de leadership significatif. Bill Krueger, l'actuel directeur des opérations, succédera à Pat Bowe en tant que président et PDG à partir du 1er octobre 2024. Krueger rejoindra également le conseil d'administration de l'entreprise, tandis que Bowe restera président du conseil.
Sous la direction de Bowe depuis 2015, The Andersons a atteint un chiffre d'affaires record de près de 17 milliards de dollars en 2022 et a fait passer l'EBITDA ajusté de 120 millions à plus de 400 millions de dollars d'ici 2023. L'entreprise a également maintenu sa série de 112 dividendes consécutifs.
Krueger, qui a rejoint The Andersons en 2019 grâce à l'acquisition de Lansing Trade Group, apporte une vaste expérience dans la chaîne d'approvisionnement agricole et l'industrie des matières premières. Il a exprimé son enthousiasme à explorer de nouvelles opportunités et à renforcer encore l'héritage de 77 ans de l'entreprise.
The Andersons, Inc. (Nasdaq: ANDE) hat einen bedeutenden Führungswechsel angekündigt. Bill Krueger, der aktuelle Chief Operating Officer, wird ab 1. Oktober 2024 Pat Bowe als Präsident und CEO nachfolgen. Krueger wird auch dem Vorstand des Unternehmens beitreten, während Bowe als Vorsitzender des Vorstands bleiben wird.
Unter der Leitung von Bowe seit 2015 erzielte The Andersons im Jahr 2022 einen Rekordumsatz von fast 17 Milliarden Dollar und steigerte das bereinigte EBITDA von 120 Millionen auf über 400 Millionen Dollar bis 2023. Das Unternehmen hielt außerdem seine Bilanz von 112 aufeinanderfolgenden Dividenden.
Krueger, der 2019 durch die Übernahme der Lansing Trade Group zu The Andersons kam, bringt umfangreiche Erfahrungen in der Agrarversorgungskette und der Rohstoffindustrie mit. Er äußerte seine Vorfreude auf die Erkundung neuer Möglichkeiten und die weitere Stärkung des 77-jährigen Erbes des Unternehmens.
- Bill Krueger, with extensive industry experience, appointed as new CEO
- Record revenue of nearly $17 billion achieved in 2022
- Adjusted EBITDA grew from $120 million to over $400 million by 2023
- Maintained track record of 112 consecutive dividend payments
- None.
"Bill has been integral to our strategic growth during his tenure with The Andersons, helping to position the business to take advantage of new opportunities across the agriculture supply chain," said Bowe. "As COO, he has been immersed in our core operating segments, and has demonstrated exceptional leadership with a proven track record for creating value for shareholders. After nearly a decade as CEO, I am proud to pass the baton to Bill."
Pat Bowe joined The Andersons in 2015 as the company's first non-family member CEO. Under his leadership the company completed its largest acquisition, achieved record revenue approaching nearly
"I am honored to succeed Pat as CEO of The Andersons," said Krueger. "The Andersons continues to excel by leveraging its deep expertise in the agricultural supply chain, strong customer relationships, and consistent delivery of strong results for all our stakeholders. Leading a company with such a rich culture and foundational principles is truly a privilege. I am eager to explore new opportunities to further strengthen the legacy and leadership that have driven the company's growth for over 77 years."
Bill Krueger joined The Andersons in 2019 as part of its acquisition of Lansing Trade Group, where he served as president and CEO for nearly 14 years. Prior to serving as The Andersons COO, Krueger was president of the company's trade and processing business. He began his career as a grain merchant, where he honed his expertise in the commodity industry, with a strong focus on business development, energy markets, risk management, and corporate finance. Krueger earned his Bachelor of Science in Agribusiness from the University of
About The Andersons, Inc.
The Andersons, Inc., named for 2024 to Forbes list of America's Most Successful Small Companies, Newsweek's list of America's Most Responsible Companies, and one of The
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SOURCE The Andersons, Inc.
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