The Andersons names COO Bill Krueger as CEO effective Oct 1, 2024; Bowe remains Chairman

Andersons, Inc.

William Krueger, current COO, appointed President and CEO effective October 1, 2024; also joins board.
Patrick Bowe, CEO since 2015, will become Executive Chair through Sep 2025, then non-executive Chair.
Krueger receives $1M base salary, 100% target bonus pro-rated for 2024, and $3M equity grants starting 2025.
Bowe receives $500k base salary and 100% target bonus pro-rated for 2024 as Executive Chair.
Krueger joined Andersons in 2019 via Lansing Trade Group acquisition; previously served as Trade & Processing President.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

William E. Krueger

Director

ANDE · Andersons, Inc.

Effective: 2024-10-01
Filed: August 19, 2024, 7:59 PM ET

In addition, Mr. Krueger was appointed to the Board, effective as of the Transition Date.

Role change

William E. Krueger

President and Chief Executive Officer

ANDE · Andersons, Inc.

Effective: 2024-10-01
Filed: August 19, 2024, 7:59 PM ET

On August 15, 2024, the Board of Directors (the "Board") of The Andersons, Inc. (the “Company”) unanimously approved the appointment of William E. Krueger, the Company's Chief Operating Officer, as President and Chief Executive Officer effective October 1, 2024 (the "Transition Date").

Role change

Patrick E. Bowe

Executive Chair of the Board

ANDE · Andersons, Inc.

Effective: 2024-10-01
Successor: William E. Krueger
Filed: August 19, 2024, 7:59 PM ET

Mr. Bowe will continue to serve as Executive Chair of the Board from the Transition Date until September 30, 2025, subject to his election at the Company's 2025 annual meeting of shareholders, and thereafter may continue to serve as the non-executive Chair of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

William E. Krueger was appointed as Director at Andersons, Inc..

Action: appointed
Role: Director

Exact text from the filing

In addition, Mr. Krueger was appointed to the Board, effective as of the Transition Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William E. Krueger was appointed as President and Chief Executive Officer at Andersons, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On August 15, 2024, the Board of Directors (the "Board") of The Andersons, Inc. (the “Company”) unanimously approved the appointment of William E. Krueger, the Company's Chief Operating Officer, as President and Chief Executive Officer effective October 1, 2024 (the "Transition Date").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Patrick E. Bowe changed role as Executive Chair of the Board at Andersons, Inc..

Action: will continue to serve as
Role: Executive Chair of the Board

Exact text from the filing

Mr. Bowe will continue to serve as Executive Chair of the Board from the Transition Date until September 30, 2025, subject to his election at the Company's 2025 annual meeting of shareholders, and thereafter may continue to serve as the non-executive Chair of the Board.

View on SEC.gov

Andersons, Inc. filing history →

Source: SEC EDGAR

accession 0000821026-24-000202

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