Green Plains, Inc. - GPRE STOCK NEWS

Green Plains Inc. (NASDAQ:GPRE) announced key executive appointments to enhance its leadership team. Chris Osowski joins as Executive Vice President, Operations and Technology, aiming to drive operational excellence and innovation. Jim Stark returns as Executive Vice President to support the company's transformation into a biorefinery platform. Anand Sundaresan takes on the role of Senior Vice President, focusing on marketing and product innovation. These appointments signal GPRE's commitment to sustainable ag tech and strategic growth initiatives.

Green Plains Inc. (NASDAQ:GPRE) announced its participation in three upcoming investor conferences. These include the Jefferies Virtual Alternative Protein & Related ESG Summit on Dec. 1, Stephens Annual Investment Conference on Dec. 2, and BMO 2021 Growth & ESG Conference on Dec. 8. President and CEO Todd Becker will engage in fireside chats during each event. Conference materials and webcast links will be available on the company’s Investors page.

Green Plains Inc. (NASDAQ: GPRE) has commenced construction of the MSC™ system at its subsidiary Green Plains Obion LLC, marking the fifth installation of this technology. Completion is expected in 2022. This facility is set to produce around 70,000 tons of Ultra-High Protein and increase renewable corn oil production by 50%. Overall, the company anticipates an annual capacity of approximately 600,000 tons of Ultra-High Protein and 400 million pounds of renewable corn oil, catering to the growing renewable diesel market and enhancing its customer-centric, value-added ingredient strategy.

Green Plains Inc. (GPRE) reported a net loss of $59.6 million or ($1.18) per diluted share for Q3 2021, compared to a $34.5 million loss in Q3 2020. Revenue rose to $746.8 million from $424.1 million year-over-year. The consolidated crush margin was $0.01 per gallon for the third quarter. The company has operationalized its Wood River MSC™ Ultra-High Protein system, with expected shipments in November, and has broken ground on further facilities. Cash reserves stand at $720.9 million with $312.6 million in available credit.

Green Plains Inc. has appointed Farha Aslam as an independent director effective Oct. 26, 2021, following the retirement of Gene Edwards. Aslam, a seasoned agribusiness expert and former Wall Street analyst, will bring valuable financial expertise and an investor perspective to the Board. She has significant experience in managing investment strategies and currently serves on the boards of Pilgrim’s Pride and Calavo Growers. Her appointment is part of a board refreshment initiative aimed at enhancing governance following shareholder feedback.

Green Plains Inc. (NASDAQ:GPRE) will announce its third quarter 2021 financial results on November 4, 2021, prior to market opening. Following the announcement, a conference call will be held at 11 a.m. Eastern time to discuss the performance and outlook. Interested participants can join by dialing designated numbers or via the company's website. Green Plains focuses on producing low carbon biofuels, renewable feedstocks, and high purity alcohols, and holds significant interests in Green Plains Partners LP.

Green Plains Inc. (NASDAQ: GPRE) announced significant changes in its Board structure, appointing Jim Anderson as Lead Independent Director. Alongside this, the Board amended its Bylaws to enhance shareholder rights, including a majority voting standard and reduced thresholds for special meetings. These updates aim to improve governance practices and accountability. The company is committed to refreshing its Board with diverse, qualified candidates, reinforcing its strategic transformation efforts as it moves towards Green Plains 2.0, aimed at sustainability and innovation in biorefining.

Green Plains Inc. (NASDAQ: GPRE) has announced the retirement of director Gene Edwards after seven years, as part of a board refreshment initiative aimed at enhancing diversity. The company is actively seeking diverse candidates to fill the vacant position before the 2022 annual meeting. Additionally, the board has rotated key committee leadership roles, appointing Kim Wagner as chair of the Nominating and Governance Committee and Brian Peterson as chair of the Compensation Committee, while Martin Salinas, Jr. remains audit committee chair. The board size is also set to reduce to eight by the 2023 annual shareholders meeting.