OAKHURST, N.J. (DTN) -- Renewable Energy Group, Inc. on has announced the resignation of Daniel J. Oh as president and CEO and as a member of the company's board of directors. The resignation was effective Monday, July 3. The board has appointed long-time director Randolph L. Howard as interim president and CEO.
"The Board appreciations Dan's work in guiding REG to its position as the industry leader with sales of over $2 billion in 2016, as well as his willingness to assist on transitional matters over the next several months," said Jeff Stroburg, chairman of the REG board of directors. "We wish him the best in his future endeavors."
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Howard has served as a member of REG's board of directors since February 2007, serving on both the company's audit committee and nominating and governance committee, and as the chair of the board's risk management committee.
"We expect a seamless transition and firmly believe Randy Howard is an ideal choice to begin taking REG to the next level," said Stroburg. "Randy is well known to our management team and has been deeply involved in setting our existing strategy, to which we remain firmly committed. The Board is confident that Randy will help sustain and advance the momentum in our near-term strategic initiatives, including our efforts to increase the profitability from our base biodiesel business, grow our renewable hydrocarbon diesel platform and capture additional downstream margins by continuing to expand our market penetration. We are confident that the Company is in excellent hands as we begin the search for a new CEO."
Brian Milne can be reached at email@example.com
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