Southwest Iowa Renewable Energy, LLC Appoints Jill Euken as a Series a Director of the Company to Replace Andrew Bulloch
December 18, 2019 at 11:21 pm IST
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December 13, 2019, the Company’s Board of Directors pursuant to the Southwest Iowa Renewable Energy’s Fourth Amended and Restated Operating Agreement dated March 21, 2014, appointed Jill Euken as a Series A Director of the Company to replace Mr. Andrew Bulloch. Ms. Euken is expected to serve on the Board until the Company’s 2020 Annual Meeting where she will stand for re-election by the members for a four-year term. Ms. Euken has been appointed to the Company’s Nominating Committee. Ms. Euken will participate in the Company’s standard director compensation policy as disclosed in the Company’s most recent Proxy Statement filed with the Securities and Exchange Commission on December 17, 2018. Ms. Euken serves on the Board of Directors for both Ag Ventures Alliance and the Iowa Quality Producers Alliance. Ms. Euken recently retired from a 39-year career at Iowa State University where for the past 15 years she served as Deputy Director of the Bioeconomy Institute leading new program development, industrial collaborations and outreach programs for the Institute. Previous assignments for ISU include leading the development of the Wallace Foundation for Rural Research and Development, a 23-county rural development group in southwest Iowa and the formation of the Iowa Quality Producers Alliance in southwest Iowa. Ms. Euken and her husband own and operate a Century Farm south of Atlantic, Iowa, where they produce corn, soybeans, alfalfa, and cattle.
Southwest Iowa Renewable Energy, LLC is engaged in the production of ethanol. The Company sells its ethanol, distillers grains, corn condensed distillers soluble, distillers corn oil and carbon dioxide (CO2) in the continental United States, Mexico and the Pacific Rim. Its production facility (the Facility) is located in Pottawattamie County in southwestern Iowa, south of Council Bluffs. The principal purchasers of ethanol are wholesale gasoline marketers or blenders. The Company produces approximately 123.3 million and 127.0 million gallons of ethanol. It produces two forms of distillers grains, namely wet distillers grains with solubles (WDGS) and dried distillers grains with solubles (DDGS). The Company's system separates corn oil from the post-fermentation syrup stream as it leaves the evaporators of the ethanol plant. The corn oil is then routed to storage tanks, and the remaining concentrated syrup is routed to the plantâs syrup tank.
SOUTHWEST IOWA RENEWABLE ENERGY, LLC 
