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AGP Hires New CEO

(Omaha) -- The Board of Directors of Ag Processing Inc. (AGP) announced today that is has named Keith Spackler as its Chief Executive Officer and General Manager effective September 1, 2012.  Spackler, who currently serves as the cooperative's Chief Financial Officer and Group Vice President, will succeed Marty Reagan who announced his plans to retire earlier this year. 

"Keith Spackler is a seasoned professional in agribusiness," said Brad Davis, Chairman of the Board.  "His indepth knowledge of AGP and its business operations will serve him well in his new role.  We are confident that under Keith's leadership, AGP will continue to fulfill its committment to serve our cooperative members and their producer-owners."

"At AGP, building on the existing strengths, while creating and capturing new opportunities has resulted in a great history of success," said Spackler.  "I look forward to working witih the Board, management team and employees as we work together in continuing the planned growth, development and success of this cooperative."

Spackler is a native of Clinton, Missouri where he grew up on a dairy and row crop farm.  He holds a B.S. and a M.S. degrees in Agricultural Economics from the University of Missouri at Columbia, Missouri, and a Masters of Business Administration from the University of Nebraska at Omaha.  Prior to joining AGP, Spackler  served as an economic analystt for Far-Mar-Co a subsidiary of Farmland Industries.  He joined AGP in 1985 as Manager of Business Analysis and over the past 27 years, he has served in various positions of leadership at the cooperative.

AGP (www.agr.com) is the largest farmer-owned cooperative soybean processor in the world, and is owned by 180 local and regional cooperatives representing over 200,000 farmers from 16 states.  AGP operates soybean processing facilities at Sheldon, Sgt. Bluff, and Emmetsburg.  AGP also operates a bio-diesel manufacturing plant at Sgt. Bluff.

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