ST. PAUL, Minn., Dec. 5, 2016
/PRNewswire/ -- The producer- and member-cooperative owners of
CHS Inc. (NASDAQ: CHSCP) elected a Wisconsin farmer to a three-year term on the
company's board of directors and re-elected four other producers to
new three-year terms as directors of the nation's leading
farmer-owned cooperative and global energy, grains and foods
company.
The elections took place during the 2016 CHS Annual Meeting held
Dec. 2 in Minneapolis. CHS directors must be full-time
farmers or ranchers to be eligible for election to the 17-member
board.
Newly elected director Mark
Farrell of Cross Plains,
Wis., succeeds Robert Bass
who retired after 22 years. Farrell has served as a director for
what is now Premier Cooperative of Mt.
Horeb, Wis., since 1992, including four years as chairman.
With his brother and son, he operates a 4,000-acre corn, wheat and
soybean farm, along with a 6,000-head contract hog finishing
operation. Farrell completed the short-course in agriculture at the
University of Wisconsin-Madison.
Re-elected to the CHS Board were Dennis
Carlson, Mandan, N.D.;
Alan Holm, Sleepy Eye, Minn.; Randy Knecht, Houghton, S.D., and Steve Riegel, Ford,
Kan.
Following the annual meeting, the CHS Board elected David Bielenberg of Silverton, Ore., to a fifth one-year term as
chairman. Other directors selected as officers for 2017 were
Daniel Schurr, LeClaire,
Iowa, as first vice chairman;
David Johnsrud, Starbuck, Minn., as secretary-treasurer;
C.J. Blew, Castleton, Kan., second
vice chairman, and Don Anthony,
Lexington, Neb., as assistant
secretary-treasurer.
Delegates also approved amendments to the CHS Articles of
Incorporation and Bylaws. The amendments created a new
membership class structure and criteria.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned
by farmers, ranchers and cooperatives across the United States. Diversified in energy,
grains and foods, CHS is committed to helping its customers,
farmer-owners and other stakeholders grow their businesses through
its domestic and global operations. CHS, a Fortune 100 company,
supplies energy, crop nutrients, grain marketing services, animal
feed, food and food ingredients, along with business solutions
including insurance, financial and risk management services. The
company operates petroleum refineries/pipelines and manufactures,
markets and distributes Cenex® brand refined fuels,
lubricants, propane and renewable energy products.
This document and other CHS Inc. publicly available documents
contain, and CHS officers and representatives may from time to time
make, "forward–looking statements" within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Report
Act of 1995. Forward–looking statements can be identified by words
such as "anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "will" and similar references to future periods.
Forward–looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
CHS current beliefs, expectations and assumptions regarding the
future of its businesses, future plans and strategies, projections,
anticipated events and trends, the economy and other future
conditions. Because forward–looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of CHS control. CHS actual results and financial
condition may differ materially from those indicated in the
forward–looking statements. Therefore, you should not rely on any
of these forward–looking statements. Important factors that could
cause CHS actual results and financial condition to differ
materially from those indicated in the forward–looking statements
are discussed or identified in CHS public filings made with the
U.S. Securities and Exchange Commission, including in the "Risk
Factors" discussion in Item 1A of CHS Annual Report on Form 10–K
for the fiscal year ended August 31,
2016. Any forward–looking statements made by CHS in this
document are based only on information currently available to CHS
and speak only as of the date on which the statement is made. CHS
undertakes no obligation to publicly update any forward–looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
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SOURCE CHS Inc.