ST. PAUL, Minn., March 14, 2011 /PRNewswire/ -- CHS Inc. (Nasdaq: CHSCP), a leading energy, grains and foods company, has named veteran cooperative leader Lynn Foth as vice president, Business Solutions Consulting and Market Development. Foth assumes his new role on April 1.
"We all know this is a time of tremendous, fast-paced change that affects agribusiness at every stage from the farm to the local retail level to the global marketplace," said Lynden Johnson, senior vice president, Business Solutions. "Lynn will play a vital role in working with CHS member cooperatives as we strive to provide them with the strategic resources and options essential for long-term success in this environment."
Foth currently is CHS Business Solutions director, providing management, consulting and planning services to member companies across the CHS system. In his new role, he will be responsible for the strong business consulting and planning, management placement services and education programs CHS offers member companies. He also will lead the Business Solutions Consulting team in working with CHS business units to provide member cooperatives new, value-added options for partnering with CHS.
Prior to joining CHS, Foth spent a dozen years as a cooperative general manager in central Illinois and eastern Iowa. He has been part of the regional cooperative system for more than 20 years. Now based in Pontiac, Ill., he will be relocating to the Inver Grove Heights, Minn., office.
Foth holds a bachelor's degree in business administration, with minors in accounting and psychology, from Loras College, Dubuque, Iowa, and has pursued Master's in business administration studies at the University of Kansas. He has been involved with a number of cooperative organizations and serves on a variety of athletic boards and volunteer committees.
CHS Inc. (www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 100 company, CHS is owned by farmers, ranchers and cooperatives, along with thousands of preferred stockholders across the United States. CHS supplies energy, crop nutrients, grain, livestock 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. CHS is listed on the NASDAQ at CHSCP.
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, 2010, 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.