Winnipeg, MB, October 15, 2010 — Ag Growth International Inc. (“Ag Growth”) (TSX: AFN) announces with deep regret that its founder and Chief Executive Officer Rob Stenson passed away in the early morning of Friday, October 15. His friends and colleagues at AGI extend their deepest sympathy to his family.
"Rob's accomplishment in growing AGI from very modest beginnings is a great Canadian success story," said AGI board Chair Bill Lambert. "Rob is irreplaceable both as friend and business colleague, but he leaves AGI with a clear strategic direction and a deep and capable management team led by his co-founder Gary Anderson."
Gary Anderson, President and COO, has been appointed Interim Chief Executive Officer effective immediately.
Ag Growth is a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment and grain drying systems. Ag Growth has nine manufacturing facilities in Canada, the U.S. and Finland and its sales, marketing, and distribution system distributes product in 48 states, nine provinces, and internationally.