MINNEAPOLIS- Ceres Global Ag Corp. (TSX: CRP) ("Ceres" or the "Corporation") has announced that Mr. Thomas Coyle has stepped down as an Independent Director of the Board of Directors (the "Board") effective March 3, 2023, to enlarge his role as a consultant to Ceres.
Moving forward, Mr. Coyle will bring his 43 years of experience working in agriculture to provide commercial, regulatory, and compliance support for the Corporation's management team in the areas of operations, trading, business development, administration, and management. Prior to retiring in 2019, Mr. Coyle was Managing Director, North America at Cofco International and served as General Manager for Nidera's Grain and Oilseed business, where he oversaw the largest delivery warehouse for Chicago Board of Trade futures contracts. He is a past chairman of the National Grain and Feed Association, where he also served as chairman of its Risk Management Committee. Throughout his career, Mr. Coyle has worked extensively with the exchanges and the U.S. Commodity Futures Trading Commission to address issues in commodity futures markets including contract design. At Ceres, Mr. Coyle will focus on key areas such as risk management, market conduct, system efficiencies, capacity utilization, cost reduction initiatives, revenue opportunities, and other strategic areas.
"It is clear from Tom's contributions to date as a member of our Board that Ceres will benefit greatly by Tom transitioning to a more hands-on role supporting the management team," said James Vanasek, Chairman of Ceres' Board of Directors. "Tom's depth of experience working in agriculture—and in particular, futures delivery markets—has helped shape Ceres' operations and risk management, and we look forward to his continued support as a consultant to the Corporation," added Carlos Paz, President and CEO of Ceres.
Source : Newswire.ca