The Nominating and Governance Committee
recommended and the Board nominated for re-election Jim Anderson and Wayne Hoovestol
, each to serve a term that expires at the 2017 annual meeting.
WAYNE HOOVESTOL, 56, has served as a director since March 2006 and as Chairman of the Board since October 2008.
Mr. Hoovestol served as the Company’s Chief Operating Officer from January 2007 to February 2007, Chief Executive Officer from February 2007 to December 2008, and Chief Strategy Officer from March 2009 to November 2009.
no longer is an employee of the Company.
began operating Hoovestol Inc., a trucking company, in 1978.
He is also President of Lone Mountain Truck Leasing, which he founded in 2005.
Mr. Hoovestol became involved with the ethanol industry as an investor in 1995, and has served on the boards of two other ethanol companies.
Mr. Hoovestol also served on the board of CapSource Financial, Inc., a truck trailer sales and leasing company, from May 2005 to March 2007.
The Board concluded that Mr. Hoovestol should serve as a director because of his former leadership as chief executive officer, as well as the business perspective he brings to the Board through his ownership of other entities and investments in other ethanol companies.