The Board of Directors of Ag Growth International Inc. ("Ag Growth") (TSX: AFN) today announced that it has appointed Gary Anderson as chief executive officer, effective immediately.
"On behalf of the Board of Directors I am pleased to announce our unanimous decision to confirm Gary as Ag Growth's permanent CEO," said Ag Growth board Chair Bill Lambert. "After conducting a detailed review, we are confident Gary is the best person for the role. Gary's skills, track record and understanding of the industry and the company uniquely position him to lead Ag Growth through the next chapter in its history."
"As president and chief operating officer of Ag Growth, Gary has played a key role in the company's growth and success over the past several years", continued Lambert. "We all congratulate Gary and look forward to working with him in his expanded leadership role. We are very optimistic about the continued success of the company under his leadership."
"I look forward to working together with our Board, management and employees in continuing the strategy that Rob Stenson and our team developed and continuing to create significant value for our customers and shareholders," says Anderson. "I believe we have the market position, the financial strength and the talented people required to continue the company's success well into the future."
Anderson, a co-founder and long-time director, president and COO of Ag Growth, was appointed Interim CEO on October 15, 2010 following the passing of company co-founder and CEO Rob Stenson.
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.