Andersons Strengthens Leadership with Steven Oakland's Appointment to Board of Directors

The Andersons Elevates Leadership with Strategic Appointment

The Andersons, Inc. announces a significant enhancement to its leadership team with the appointment of Steven Oakland to its board of directors. With nearly four decades of experience in the food and beverage industry, Oakland brings a wealth of knowledge that aligns with The Andersons' dedication to agribusiness and renewable energy. Currently serving as the chairman, CEO, and president of TreeHouse Foods, Inc., North America's largest private label food and beverage producer, Oakland has a proven track record of leadership and industry insight. His tenure at TreeHouse, which began in March 2018 and includes a chairmanship from April 2023, showcases his capabilities in driving growth in a competitive market.

Oakland's extensive background includes senior roles at The J.M. Smucker Company, where he served as vice chair and president of U.S. food and beverage. His experience spans various segments of the food industry, including managing branded products and overseeing retail and international operations. This diverse skill set will be invaluable to The Andersons as it seeks to strengthen its strategic initiatives and enhance its position in the agriculture sector. Chairman Pat Bowe expresses confidence that Oakland's insights will facilitate the company’s growth trajectory, particularly in navigating the complexities of the agribusiness landscape.

In addition to Oakland’s appointment, The Andersons also reinforces its governance structure with the recent appointment of Emmanuel Ayuk as Executive Vice President, General Counsel, and Corporate Secretary. This move underscores the company’s commitment to strong governance and legal compliance, important factors in maintaining operational integrity and fostering sustainable growth. These leadership changes reflect The Andersons' proactive approach to evolving its management team in a way that supports its long-term vision of delivering exceptional service and value to its stakeholders.

In conjunction with these strategic appointments, The Andersons announces a fourth-quarter cash dividend of 19.5 cents per share, marking its 116th consecutive quarterly dividend since joining Nasdaq in 1996. This financial stability not only showcases the company’s commitment to returning value to its shareholders but also reinforces its ongoing dedication to enhancing community initiatives and employee development. The combination of strong leadership and consistent financial performance positions The Andersons favorably for future growth in the agribusiness sector.