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CEO of AGI resigns

02 November 20222 min reading

AGI’s President and CEO Tim Close resigned from his posts from the company. The management announced that Paul Householder, COO, will substitute him.

Ag Growth International Inc.  (AGI) announced that Tim Close has stepped down as President and Chief Executive Officer and resigned as a Director of AGI to pursue other opportunities. The Board of Directors has named Paul Householder, AGI’s current Chief Operating Officer, as President and Chief Executive Officer.

Mr. Close has agreed to remain with the company in an advisory role through year-end to ensure a smooth transition. “On behalf of the Board and everyone at AGI, I want to thank Tim for his service and passionate dedication to AGI and all of its stakeholders and for his tremendous leadership and highly valued contributions to AGI’s strong position today,” said Bill Lambert, Chairman of the Board. “Tim joined the company in August 2012 as Vice President, Strategic Planning and Development, was appointed President in March of 2015 and became President and Chief Executive Officer in January 2016. He has played an instrumental role in the evolution of the company over his tenure, spearheading the acquisition of over 25 businesses, initiating the company’s strategic entry into the digital agriculture space, building an outstanding senior leadership team and in the process transforming AGI from a regional manufacturer of grain handling equipment to a diversified truly global food infrastructure leader. It has been a pleasure to work with Tim as we’ve accomplished these objectives. Tim is a highly talented executive and we wish him well in his future endeavors.”


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