Andersons Inc. announces executive retirement

MAUMEE, OH – Andersons Inc. (NASDAQ:ANDE), a diversified company rooted in agriculture with a market capitalization of $1.47 billion, announced the upcoming retirement of Christine M. Castellano, the firm’s Executive Vice President, General Counsel, and Corporate Secretary. The company, which has maintained dividend payments for 30 consecutive years, disclosed this executive transition in a recent Form 8-K filing with the Securities and Exchange Commission.

Castellano will retire effective April 18, 2025, after a notable tenure with the company. In accordance with the company’s policies, Castellano will receive benefits aligned with a qualifying termination under Andersons’ Change in Control & Severance policy. The details of the severance package were not disclosed in the filing.

The announcement came on Monday, with the official SEC filing date recorded as Wednesday, March 26, 2025. The departure marks a significant change in the company’s leadership team, and the process to identify a successor for Castellano’s role is expected to commence shortly.

Andersons Inc., headquartered in Maumee, Ohio, operates within the wholesale farm product raw materials industry, as classified under the Standard Industrial Classification code 5150. The company’s common stock is traded on The NASDAQ Stock Market.

The 8-K filing did not mention any additional changes to the board of directors or executive team, nor did it provide further details on the company’s strategic direction following Castellano’s departure.

This news is based on the latest SEC filing by Andersons Inc. and reflects the company’s commitment to timely disclosure of material corporate events. Investors and stakeholders are advised to review the company’s filings for the most current and detailed information.

In other recent news, The Andersons reported fourth-quarter earnings that significantly exceeded analyst expectations. The company posted adjusted earnings per share of $1.36, surpassing the consensus estimate of $1.02. Revenue for the quarter reached $3.12 billion, exceeding expectations of $2.8 billion. The Trade segment achieved a record fourth-quarter pretax income of $54 million, driven by strong elevation margins and space income from an early harvest. Meanwhile, the Renewables segment reported a pretax income of $25 million, benefiting from efficient plant performance. The company’s adjusted EBITDA for the quarter was $116.5 million, a decrease from $135.1 million in the previous year. The Andersons ended the quarter with a cash balance of $562 million and a long-term debt to adjusted EBITDA ratio of 1.8 times. President and CEO Bill Krueger noted the company’s strong positioning in the face of market shifts, expecting a significant increase in planted corn acres and strong ethanol exports.

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