Green Plains Inc. announced that Todd Becker, President and Chief Executive Officer, will depart the company effective March 1, 2025, after more than 17 years of service. The Board of Directors has initiated a search for a new CEO and has formed an Executive Committee to lead the company during this transition period.
The Executive Committee comprises Imre Havasi, Michelle Mapes, Chris Osowski, and Jamie Herbert, ensuring continuity in leadership. This leadership transition is part of a broader strategic initiative by the Board to evaluate the company's business plan and maximize shareholder value.
As part of this initiative, Green Plains is implementing a business restructuring and simplification plan targeting at least $50 million in annualized cost reductions. The company has already achieved $30 million in annualized savings and is now implementing the second phase to secure the additional $20 million, aiming for sustainable, profitable growth.
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