#United States #Maumee #The Andersons #Weston Heide #Mark Simmons

The Andersons, Inc. Appoints Executives to Lead Key Segments

In a significant move to enhance operational efficiency and foster growth, The Andersons, Inc. (NASDAQ: ANDE) has appointed Weston Heide and Mark Simmons as Executive Vice Presidents to oversee its Agribusiness and Renewables segments, effective January 1, 2025. The restructuring is expected to streamline the company's operations and support its commitment to delivering exceptional service to customers and stakeholders.

Structural Changes for Enhanced Efficiency

The transition to a two-segment operational and reporting framework comes as part of The Andersons' strategy to improve functionality and collaboration across its various sectors. This change will integrate the former Nutrient Industrial and Trade segments into the newly organized Agribusiness segment, while the Renewables segment will retain its core functions with a new focus on growth initiatives.

Bill Krueger, the President and CEO of The Andersons, expressed enthusiasm regarding the organizational shift. He stated, "We are excited to simplify our organization to enhance our ability to meet the evolving needs of our customers and stakeholders." With the seasoned leadership of Weston Heide and Mark Simmons, he believes the company is well-equipped to achieve its goals of efficiency and innovation, ensuring a seamless, unified experience for customers.

About the New Executives

Weston Heide - Executive Vice President, Agribusiness

Weston Heide joined The Andersons in 2019 as part of its acquisition of Lansing Trade Group, where he has built an impressive portfolio of experience. Currently, he serves as the Senior Vice President of Trade and Processing, overseeing vital business units including commodity merchandising and grain handling. His extensive background in the agribusiness sector spans over 15 years, featuring various corporate and commercial roles that prepare him well for leading the Agribusiness segment.

Mark Simmons - Executive Vice President, Renewables

Similarly, Mark Simmons has also been with The Andersons since the Lansing acquisition in 2019. Currently acting as Vice President of the Renewables sector, Simmons has been responsible for ethanol marketing and trading, showcasing his proficiency and leadership in renewable fuels since 2006. His career spans more than 25 years in agriculture and renewable energy, filling various trading roles that have also included crude oil and biodiesel markets.

Both Weston and Mark are expected to initially oversee day-to-day operations while making a gradual transition into their executive roles. Their primary focus will involve collaborating across departments to unify efforts, boost productivity, and set The Andersons on a path for sustained success.

Conclusion

The Andersons, Inc. has shown a consistent commitment to excellence and responsibility in the business landscape, earning accolades across multiple platforms, including the prestigious Forbes list of America’s Most Successful Small Companies and Newsweek’s Most Responsible Companies. With the strategic leadership appointments of Heide and Simmons, the company looks forward to a robust future in agribusiness and renewable energy industries, ready to tackle emerging challenges and seize new opportunities.

For more information about The Andersons, Inc. and its initiatives, visit www.andersonsinc.com.