2014

CHS transitions European leadership team

ST. PAUL, Minn., June 7, 2013 /PRNewswire/ -- CHS Inc. (NASDAQ: CHSCP), an energy grains and foods company and the nation's leading farmer-owned cooperative, announced today the planned retirement of Claudio Scarrozza, senior vice president and CEO, CHS Europe; and promoted Roger Baker to vice president and general manager, CHS Europe. 

(Photo: http://photos.prnewswire.com/prnh/20130607/CG28413)

Scarrozza will remain with the company through December 2013, and serve as a consultant through calendar 2014.  

Scarrozza joined CHS in May 2007 as senior vice president and general manager of the company's first European office at Geneva, Switzerland.  Over the course of his career, he established eight new CHS global offices, met with foreign dignitaries and government officials, and orchestrated and navigated complex Black Sea region acquisitions, joint ventures and business relationships.

"Scarrozza has an incredible capacity to first envision the big picture and then lay the ground work to create traction in some very challenging environments and regions of the world," said Mark Palmquist, executive vice president and chief operating officer, Ag Business, CHS.

Palmquist said the next chapter of CHS-Europe will be led by Roger Baker, as vice president and general manager.  Baker will be responsible for daily business management, grain merchandising operations and overall profitability.  Baker's appointment is effective immediately and he will report directly to Palmquist.

"We are confident that Roger's strong management acumen, merchandising savvy, deep knowledge of CHS best practices and intense customer focus will greatly contribute to future success," says Palmquist. 

Baker joined CHS in 1994 as procurement merchandiser and later led the company's global wheat desk.  In August 2011, he was named CHS Europe senior merchandiser and relocated to Geneva.

Baker earned a bachelor's of science degree in Agriculture Business from Iowa State University at Ames. 

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 contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2012, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.

SOURCE CHS Inc.



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