World Grain - June 2013 - 18

newsreview
Vassart named Cargill Canada’s new president
WINNIPEG, MANITOBA, CANADA — Cargill announced on
May 28 that Jeff Vassart has been named president of Cargill Canada,
as well as the lead of its Canadian AgHorizons business. This announcement comes following Len Penner’s notice of retirement after
38 years of service with Cargill.
“We are very confident that Jeff will thrive in this role,” said
Penner. “The experience he brings from years both in and outside of
the business will help Cargill better serve Canadian farm customers
and food processors.”
Following a career path similar to Penner’s, Vassart enters this
new position with 17 years of experience in various roles at Cargill
including sales and general management and most recently having

returned from an assignment working with Cargill’s grains and oilseed business in Australia.
“This is an exciting time for the Canadian agriculture industry,”
said Vassart. “Cargill has been expanding its footprint and creating
opportunities for growth and development with building a new canola crush facility in Camrose, Alberta, we’re adding refining capacities to our canola processing plant in Clavet, Saskatchewan, we’re in
the process of building a new state-of-the-art flour mill with our joint
venture, Horizon Milling G.P., in Guelph, Ontario, and last fall saw
the opening of a major farm service centre in Northern Alberta. To
me, this is a strong indication of the direction the industry as a whole
is moving towards.”

CBH appoints new general manager, operations
WEST PERTH, AUSTRALIA — David Capper has been appointed as
CBH general manager, operations succeeding Colin Tutt, effective July 1.
CBH Group Chief Executive Officer Andrew Crane said that Capper brings a strong supply chain knowledge which extends from
growers through to customers.
“David has held roles with the CBH Group in the operations and
strategy departments as well as line management accountability at
Eastern Pearl Flour Mills. This mix of experience provides a great
background for his next challenging but very exciting role,” he said.
Capper has worked with the CBH Group for 10 years, commencing
in Merredin in country operations in 2003, including a three-year period
at Interflour’s Eastern Pearl Flour Mill in Indonesia as director of operations. Since then he’s worked in CBH supply chain, quality and strategy.
“While at Eastern Pearl Flour Mill, David partnered with CBH Gen-

eral Manager of Marketing & Trading, Jason Craig,
then general manager of the mill, and together they
successfully turned around the performance of the
facility. We are looking forward to the positive outcomes of the partnership once again,” said Crane.
The CBH Group conducted a robust executive
recruitment process receiving applications from a
number of internal and external candidates.
“There was a very high quality field of applicants
Capper
from within our own business as well as a number
of highly qualified external candidates from the grain and resource supply chain businesses. It is testament to those internal applicants and our
focus on staff development that they all compared so favorably to some
of the best in the industry,” Crane said.

Drought hurts The Andersons first-quarter earnings
MAUMEE, OHIO, U.S. — The Andersons, Inc. announced on May
7 first-quarter net income attributable to the company of $12.6 million, or 67¢ per diluted share, on revenues of $1.3 billion. In the same
three-month period of 2012, the company reported results of $18.4
million, or 98¢ per diluted share, on $1.1 billion of revenues.
The Grain Group reported first-quarter operating income of $8.3
million in 2013 in comparison to $19.4 million for the same period
of the prior year. The Grain Group had considerably lower space

income this quarter as a result of the 2012 drought and market carry
was much lower than the previous year. The group, however, benefited from record earnings from its investment in Lansing Trade
Group. First-quarter revenues for the Grain Group were $836 million and $700 million for 2013 and 2012, respectively. Revenues
increased due to higher grain prices and greater sales volume,
which resulted primarily from the addition of the former Green
Plains Grain facilities.

For more information, see Page 110.

June 2013 / World Grain / www.World-Grain.com

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World Grain - June 2013

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