Ag Growth International Inc.

Ag Growth International Inc.

March 12, 2013 08:00 ET

Ag Growth International Inc. Announces Appointment of Two New Independent Directors

WINNIPEG, MANITOBA--(Marketwire - March 12, 2013) - Ag Growth International Inc. (TSX:AFN) (the "Company" or "Ag Growth") today announced the appointment of Janet P. Giesselman and Malcolm F. "Mac" Moore as Directors, effective March 14, 2013. Ms. Giesselman and Mr. Moore will stand for election by shareholders as Directors at Ag Growth's Annual Meeting in May 2013.

Ms. Giesselman and Mr. Moore were identified through a search initiated in mid-2012 with the assistance of Spencer Stuart, a leading executive recruitment firm, and bring with them extensive North American and international experience that will broaden and enhance the current Board's collective expertise.

Ms. Giesselman is the retired President and General Manager of Dow Oil & Gas, a business unit of The Dow Chemical Company, and has over 30 years of U.S. and international agriculture, energy and specialty and commodity chemicals industry experience, having led businesses in the United States, Europe, the Middle East and Asia. From 2001 to 2010, she held numerous senior leadership positions with The Dow Chemical Company including Vice President, Dow AgroSciences, and Vice President, Dow Latex (Switzerland). Before joining Dow, Ms. Giesselman held various leadership positions in marketing and strategic planning with Rohm & Haas Company, a specialty and performance materials company. Ms. Giesselman holds a B.Sc., Biology from Pennsylvania State University and a Masters in Agricultural Sciences from the University of Florida.

Mr. Moore is the retired President and Chief Executive Officer of Gehl Company, a manufacturer and distributor of construction and agricultural equipment, and is an experienced executive with over 35 years of diverse industry experience. Mr. Moore is currently Chairman of the Board of Digi-Star Investments LLC, a provider of specialized monitoring and electronic control systems for precision agriculture. In his 11 years with Gehl Company, Mr. Moore held a series of senior positions including President since 2003 and culminating with his appointment as Chief Executive Officer in 2009. Mr. Moore holds a B.S., International Business, from American University and an M.B.A., from the J. L. Kellogg Graduate School of Management- Northwestern University.

Bill Lambert, Ag Growth board Chair, said: "The Board of Directors is greatly strengthened by the addition of Ms. Giesselman and Mr. Moore and will benefit from their extensive North American and international experience in agriculture and manufacturing. In addition to bringing valuable new viewpoints, we believe they are good fits with Ag Growth's corporate culture. The search for new directors was undertaken to enhance the Board's ability to support the Company during a time of increasing opportunities in North America and internationally. We were greatly impressed by the quality of candidates identified in the search, and we welcome Janet and Mac to the Board.

About Ag Growth

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 eleven manufacturing facilities in Canada, the United States, the United Kingdom and Finland, and its sales, marketing, and distribution system distributes product in 48 states, nine provinces, and internationally.

Contact Information

  • Ag Growth International Inc.
    Steve Sommerfeld
    Investor Relations