Green Plains Inc. Announces Executive Leadership Change
Green Plains Inc. (NASDAQ: GPRE) (referred to as “Green Plains,” “the Company,” “we,” or “us”) has officially announced that its President and Chief Executive Officer, Todd Becker, will be stepping down after an extensive tenure spanning more than 17 years. His departure is set to take effect on March 1, 2025.
This significant leadership transition marks a pivotal moment for Green Plains as it continues its evolution within the biofuels and sustainable energy industry. Under Becker’s leadership, the Company has undergone transformative changes, positioning itself as a key player in renewable energy and agricultural technology.
CEO Succession Plan and Interim Leadership
As part of its well-structured CEO succession plan, the Board of Directors (“the Board”) has taken proactive steps to ensure a smooth transition. A leading executive search firm has been engaged to assist in identifying a new Chief Executive Officer who will lead into its next phase of growth and innovation.
In the interim, the Board has established a dedicated Executive Committee to oversee the Company’s operations and strategic direction until a permanent successor is appointed. This committee includes senior executives with extensive experience in key operational areas:
- Imre Havasi, Senior Vice President – Head of Trading and Commercial Operations
- Michelle Mapes, Chief Legal & Administration Officer
- Chris Osowski, Executive Vice President – Operations and Technology
- Jamie Herbert, Chief Human Resources Officer
This leadership structure ensures stability and continuity during the transition period, reinforcing Green Plains’ commitment to its stakeholders, employees, and customers.
A Tribute to Todd Becker’s Legacy at Green Plains
Reflecting on Becker’s tenure, Jim Anderson, Chairman of the Green Plains Board, expressed his appreciation for the outgoing CEO’s significant contributions. “Todd has played an instrumental role in growth and transformation since he joined in 2008. His leadership and vision have driven the Company’s ambitious transformation plan, and his impact will be felt for years to come.”
Anderson continued, “On behalf of the Board, I want to extend our gratitude to Todd for his unwavering dedication to our employees, and our shareholders over the past 17 years. It has been a privilege to work with him, and we wish him success in his future endeavors.”
Becker also shared his thoughts on his departure, emphasizing his confidence in Green Plains’ future. “It has been an incredible honor to lead this Company for more than a decade,” said Becker. “I am proud of what we have accomplished, and I believe Green Plains is well-positioned for continued growth and success. I want to express my deepest appreciation to our employees and Board members who have worked tirelessly to support our mission and vision.”
Business Restructuring and Strategic Initiatives
Over the past year, the Board has undertaken a comprehensive review of ’ business model, operations, and strategic direction, with a primary focus on maximizing shareholder value while ensuring long-term sustainability. The result of this evaluation is a business restructuring and simplification plan aimed at enhancing operational efficiency and driving profitable growth.
As part of this restructuring effort, has already made substantial progress in streamlining its cost structure. To date, the Company has successfully implemented $30 million in annualized cost reductions. Building on this momentum, is now launching the second phase of its expense reduction initiative, targeting an additional $20 million in annualized savings.
“Our focus remains on driving efficiencies and ensuring that Green Plains operates as a lean, high-performing organization,” said Anderson. “These cost reductions, alongside our continued investments in technology and infrastructure, will strengthen our business foundation, making it more resilient and attractive to investors.”
Commitment to Innovation and Sustainable Growth
restructuring efforts are closely aligned with its broader strategic vision—leveraging technology and innovation to enhance efficiency and sustainability. The Company remains committed to its core mission of delivering high-value biofuels and agricultural solutions, which play a critical role in global energy and food security.
Investments in state-of-the-art processing technology and infrastructure improvements are central to Green Plains’ long-term strategy. The Company has prioritized initiatives that drive productivity gains, reduce operational costs, and enhance product quality. These efforts ensure Green Plains remains at the forefront of the evolving biofuels and agricultural sectors.
Leadership Changes at Fluid Quip Technologies
Alongside Becker’s departure, Green Plains announced a key leadership transition at Fluid Quip Technologies, LLC, a majority-owned subsidiary. Patrich Simpkins, who previously served as Chief Transformation Officer at Green Plains, will take on the role of Chief Executive Officer at Fluid Quip Technologies.
This move underscores Green Plains’ commitment to optimizing its business portfolio and ensuring that its subsidiary companies are led by experienced executives who can drive innovation and expansion. Fluid Quip Technologies plays a crucial role in advancing Green Plains’ technological capabilities, particularly in the areas of biofuel production and renewable energy solutions.
Looking Ahead: The Future of Green Plains
As Green Plains navigates this period of transition, the Company remains steadfast in its mission to create a more efficient, innovative, and sustainable business. The upcoming appointment of a new CEO will mark the beginning of the next chapter for Green Plains, one that builds on its strong foundation while exploring new opportunities for growth.
In the coming months, stakeholders can expect further updates on the CEO search process, as well as continued progress on Green Plains’ restructuring efforts. The Company’s leadership team remains committed to maintaining transparency and engaging with shareholders, employees, and industry partners to ensure a successful transition.
With a clear strategic vision, a strong leadership team, and a commitment to operational excellence, Green Plains is well-positioned to achieve long-term success in the evolving energy and agricultural landscape.
About Green Plains Inc.
Green Plains Inc. is a leading biorefining company focused on the production of sustainable, high-value biofuels and agricultural solutions. Through a combination of advanced technology, operational expertise, and a commitment to innovation, Green Plains continues to drive industry advancements while delivering value to its stakeholders. For more information, visit the Company’s
