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AG PROCESSING INC'S CEO ANNOUNCES HIS RETIREMENT
May 30, 2012
American Soybean Association (ASA) reports:
Ag Processing Inc (AGP) announced this week that CEO and General Manager Marty Reagan has informed the Board of Directors of his plan to retire in early fall 2012. Reagan will continue in his role as CEO until a successor is named and the transition in leadership is complete.
"After nearly 40 years in the agriculture/commodity business and having good health I look forward to spending more time with my family and friends," said Reagan, who began his career with AGP in 1991 as part of the cooperative's acquisition of the agricultural operations of international Multifoods.
"I am very fortunate to have had the opportunity to lead and be part of a team comprised of employees and executives from AGP and its subsidiaries. AGP's business platform, sales, and earnings continue to improve as we have been able to continually add value back to our cooperative members and their producer-owners. Our cooperative members and their producers are among the best owners any cooperative could ask for. AGP, with its dedicated employees and management team, is well positioned for the future to capitalize on domestic and international markets."
"I really appreciate Marty for how hard he's worked to get U.S. soybean farmers market access to other countries, especially with the opening of the terminal at the Port of Gray's Harbor," said ASA Vice President Bob Worth of Lake Benton, Minn.
"That's something northern growers have always struggled with-we're not close to the river so we can't go to the southern ports. But now we have access for our soybeans abroad. It helps us in the marketing of our soybeans and in our profitability, and has changed our market considerably from what it was before the Gray's Harbor terminal opened. Marty will be dearly missed."
AGP, the largest cooperative soybean processing company in the world, dedicated its new storage silos and receiving building at its Port of Grays Harbor Terminal 2 near Aberdeen, Wash. in April. The facility has a combined handling capacity of up to 1,500 metric tons (60,000 bushels) per hour.
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