Cardinal Ethanol, LLC Announces Retirement of Jeffrey Painter as Chief Executive Officer, Effective on or Before December 31, 2024
May 15, 2024 at 02:20 pm
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Cardinal Ethanol, LLC announced that on May 15, 2024, Jeffrey Painter announced his plans to retire from his position as Chief Executive Officer of the company. The effective date of Mr. Painter's retirement is expected to be on or before December 31, 2024. Until his retirement, Mr. Painter will continue to serve in his current role as the Company's Chief Executive Officer.
Following his retirement, Mr. Painter will be available for a period of time in a consulting and transition capacity to ensure a smooth transition. Mr. Painter's plans to retire are for personal reasons and not the result of any disagreement with the Company on any matter relating to the Company's operations, finances, policies, or practices. The Company is currently conducting a full internal and external search for Mr. Painter's successor.
Cardinal Ethanol, LLC and its subsidiaries is engaged in producing fuel-grade ethanol, distillers grains, corn oil and carbon dioxide near Union City, Indiana and sells these products throughout the continental United States. In addition, the Company procures, transports, and sells grain commodities through grain operations. Its divisions include ethanol and trading. Its ethanol division markets and sells ethanol and its co-products primarily in the continental United States using third party marketers. Its ethanol products are marketed by Murex, LLC and distillers grains are marketed by CHS, Inc. It markets and distributes all the corn oil it produces directly to end users and third-party brokers. The Company's trading division has a grain loading facility within its single site to buy, hold and sell inventories of agricultural grains, primarily soybeans. It performs no additional processing of these grains, unlike the corn inventory the Company holds and uses in ethanol production.
CARDINAL ETHANOL, LLC 
