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Source: The Andersons news release

The company announced strategic business structure and senior leadership changes. Among the changes were the following:

The Trade Group and Ethanol Group will be combined and led by President Bill Krueger, who was formerly president of the Trade Group. Jim Pirolli, who was the Ethanol Group president, has been appointed senior vice president of the combined group, which will enable him to assume expanded responsibilities.

The Plant Nutrient Group and Rail Group will be combined and led by Joe McNeely, who was formerly the president of the Rail Group.

"This new structure will enable us to focus on increasing gross profit and enhancing service to our customers, while also managing our cost structure," said President and CEO Pat Bowe. "The combination of the Trade and Ethanol Groups will allow for greater strategic alignment, risk management and integrated service to our customers. This restructuring of our business will also result in a leaner cost environment."

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