Green Plains Appoints Farha Aslam to Its Board of Directors
October 27 2021 - 4:36PM
Green Plains Inc. (NASDAQ: GPRE) today announced the appointment of
Farha Aslam to its Board of Directors (the “Board”) as an
independent director, effective Oct. 26, 2021. Ms. Aslam’s
appointment fills the vacancy created by the retirement of Gene
Edwards from the Board in August 2021.
Ms. Aslam is a leading expert in agribusiness, having covered
the sector for more than two decades as an analyst for firms
including Merrill Lynch & Co. and Stephens Inc. She is
currently Managing Partner of Crescent House Capital, an advisory
practice she founded that develops operating and investment
strategies for companies, investors, and service providers across
the global food and agricultural value chain. Ms. Aslam also has
relevant public company director experience and currently serves as
a director and audit committee member at both Pilgrim’s Pride
(NASDAQ:PPC), a leading global provider of high-quality food
products, and Calavo Growers, Inc. (NASDAQ:CVGW), a global avocado
industry leader and an expanding provider of value-added fresh
food.
“Farha’s agribusiness experience and financial expertise are
well-suited to support our continued transformation and growth,”
said Wayne Hoovestol, Chairman of the Board. “Her experience
serving on the boards of global leaders in our space will allow her
to provide valuable insights as we continue to leverage
technological innovation and strategic partnerships to unlock
growth. Additionally, as a former top Wall Street analyst and
current strategic advisor to companies in the agribusiness
industry, Farha has a keen understanding of the investor mindset
and a deep appreciation of how companies in our sector drive
shareholder value, complementing the robust operating expertise of
our other directors. Given her decades of experience at the
intersection of Wall Street and agribusiness, we are confident
Farha will be a strong voice for shareholder interests in the
boardroom and enhance the overall effectiveness of our Board.”
Following the departure of Calavo’s CFO in July 2021 until
September 2021, Ms. Aslam served as interim CFO of Calavo.
Additionally, as a member of Pilgrim’s board, she is a
shareholder-designated representative for JBS USA, Pilgrim’s
largest shareholder.
Ms. Aslam was identified as part of a comprehensive search and
selection process conducted with feedback and input from
shareholders. Ms. Aslam’s appointment builds upon the Company’s
previously announced board refreshment initiative and the
comprehensive review of governance and board composition which the
Board undertook in response to the results of the 2020 annual
meeting.
About Farha AslamFarha Aslam is Managing
Partner at Crescent House Capital, an investment and strategic
advisory firm she founded that focuses on the agriculture, energy,
and food processing industries. Ms. Aslam has worked in the finance
industry since 1996. Prior to founding Crescent House in 2019, she
was Managing Director at Stephens Inc., where she led the firm’s
Food and Agribusiness equity research team and built a top-tier
research franchise that spanned the grain, ethanol, protein, and
packaged food sectors and successfully positioned several lead
managed equity offerings and debt financings. Previously, Ms. Aslam
was a vice president at Merrill Lynch and a risk management advisor
at UBS. Ms. Aslam serves on the boards of directors of Pilgrim’s
Pride; Calavo Growers, Inc.; PSSI; and Saffron Road. She is a
member of the audit committees at both Pilgrim’s Pride and Calavo.
At Calavo, she is also a member of the board’s compensation and
sustainability committees. Ms. Aslam graduated from the University
of California with a B.A. degree in Economics. She holds a Master
of Business Administration degree from Columbia University.
About Green Plains Inc.Green Plains Inc.
(NASDAQ:GPRE) is a leading biorefining company focused on the
development and utilization of fermentation, agricultural and
biological technologies in the processing of 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 and novel ingredients for animal and aquaculture diets to
help satisfy a growing global appetite for sustainable protein. The
Company also owns a 48.9% limited partner interest and a 2.0%
general partner interest in Green Plains Partners LP. For more
information, visit www.gpreinc.com
Forward-Looking StatementsThis news release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended.
Forward-looking statements reflect management’s current views,
which are subject to risks and uncertainties including, but not
limited to, anticipated financial and operating results, plans and
objectives that are not historical in nature. These statements may
be identified by words such as “believe,” “expect,” “may,”
“should,” “will” and similar expressions. Factors that could cause
actual results to differ materially from those expressed or implied
include: disruption caused by health epidemics, such as the
coronavirus outbreak, competition in the industries in which Green
Plains operates; commodity market risks and financial market risks;
counterparty risks; risks associated with changes to federal policy
or regulation, including changes to tax laws; risks related to
closing and achieving anticipated results from acquisitions and
disposals. Other factors can include risks associated with Green
Plains’ ability to realize higher margins anticipated from the
Company’s high protein feed, clean sugar, specialty alcohol and
carbon sequestrations initiatives; to achieve anticipated savings
from Project 24; to 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 news release.
Green Plains assumes no obligation to update any such
forward-looking statements, except as required by law.
Green Plains Inc.
ContactsInvestors: Phil Boggs | Executive
Vice President, Investor Relations | 402.884.8700 |
phil.boggs@gpreinc.comMedia: Lisa Gibson |
Communications Manager | 402.952.4971 | lisa.gibson@gpreinc.com
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