Virg Garbers and Joel West Join VeraSun Management Team; Company Promotes Todd Church
Brookings, S.D., April 2, 2008 – VeraSun Energy Corp. (NYSE: VSE), one of the nation's largest ethanol producers, today announced that Virg Garbers and Joel West have joined the company's senior management team from US BioEnergy, and that Todd Church has been promoted to the position of vice president. Garbers will serve as VeraSun's vice president and corporate controller, while West will be vice president, risk management. Church will assume the role of vice president, operations and production support.
“We are pleased to add experienced individuals to our senior management team through the merger with US BioEnergy, in addition to leverage the skills and experience of someone like Todd Church from within the company,” said Danny Herron, VeraSun's president and CFO. “The leadership each individual brings to the company will be extremely important as we continue to grow our company and integrate new biorefineries into our VeraSun fleet of facilities over the next few months.”
Garbers joins VeraSun with more than 15 years of experience in management and public accounting. While at US BioEnergy, he also held the position of vice president and corporate controller, and was responsible for ensuring strong financial controls and processes through management of budgeting and monthly financial reports. Garbers played a key role in the company's initial public offering and the integration of various acquisitions. Prior to US BioEnergy, he served as controller at Angus Palm and assistant controller at Northwestern Public Service, both based in South Dakota.
West comes to VeraSun as vice president, risk management, where he will be responsible for overseeing ethanol price risk and all grain and energy related risk positions necessary for production at VeraSun's biorefineries, in addition to the development of an overall margin management strategy. He has almost 15 years of experience in managing commodity and risk positions, and was responsible for overseeing corn procurement, distillers grains marketing, transportation and management of relationships with joint venture partners for ethanol marketing while at US BioEnergy. Prior to US BioEnergy, West spent 12 years with Cargill.
Church joined VeraSun in March 2007 as the plant manager for VeraSun Welcome. He transitioned into the role of plant manager at Charles City the following month and helped oversee the startup of the facility three months ahead of schedule. While at Charles City, Church also served in an interim oversight role of the VeraSun plant fleet during the recent acquisition of three biorefineries from ASAlliances and the merger with US BioEnergy, leading numerous plant shutdowns and successful startups of other VeraSun facilities.
In his new role, Church will be responsible for overseeing operations of VeraSun's East Region and its seven biorefineries expected to be in operation by the end of 2008, in addition to developing strategies across all facilities as it relates to process optimization. Kurt Swenson, who served as VeraSun's vice president, plant operations since January 2007, has transitioned into the role of vice president, operations and engineering support and will oversee West Region operations and the company's other nine facilities that will be operating by the end of the year.
About VeraSun Energy Corporation
VeraSun Energy Corporation (NYSE: VSE), headquartered in Brookings, S.D., is a leading producer of renewable fuel. Founded in 2001, the company has more than one billion gallons of annual ethanol production capacity through 11 operating facilities. Six additional facilities are currently either under construction or development with a combined capacity of 660 million gallons. Upon completion of the new facilities, VeraSun Energy will have an annual production capacity of approximately 1.75 billion gallons. The company announced it started construction at its Aurora facility to extract oil from dried distillers grains, a co-product of the ethanol process, for use in biodiesel production.
VeraSun markets E85, a blend of 85 percent ethanol and 15 percent gasoline for use in Flexible Fuel Vehicles (FFVs), directly to fuel retailers under the brand VE85™. VeraSun Energy now has approximately 150 VE85™ retail locations under contract in more than fifteen states and Washington, D.C. For more information, please visit VeraSun Energy's websites at www.verasun.com or www.VE85.com.
VeraSun Contacts:
Investors:
Patty Dickerson
605-696-7236
pdickerson@verasun.com
Media:
Mike Lockrem
605-696-7527
mlockrem@verasun.com |