Ceres Global Ag Corp. to Appoint Jay Bierley as Chief Financial Officer

MINNEAPOLIS, April 20, 2020 /CNW/ - Ceres Global Ag Corp. (TSX: CRP) ("Ceres" or the "Company") is pleased to announce the hire of Jay Bierley to serve as the Company's Chief Financial Officer. Mr. Bierley will join the Company on April 22, 2020, and will officially be appointed as Chief Financial Officer on May 1, 2020, replacing Interim Chief Financial Officer John Haug. Mr. Haug will remain with Ceres in an advisory role to assist with Mr. Bierley's transition and a variety of other matters until the end of the fiscal year.

"We are very pleased to welcome Jay to the Ceres team. He brings a wealth of industry knowledge and expertise which will be a valuable asset to us as we continue to serve our customers and execute on our growth strategy while navigating through the new market conditions brought about by the impacts of COVID-19," said Mr. Robert Day, President and Chief Executive Officer at Ceres. "I'd also like to sincerely thank John Haug for his invaluable leadership and expertise. John has been a significant contributor to our team over the last several months and we look forward to continuing our work together until the close of the fiscal year."

Mr. Bierley joins Ceres from Bunge where he worked across North America and Asia in regional and global CFO and financial leadership roles for 18 years. He brings a depth of industry experience across key business areas with over 25 years of financial and operational leadership experience across the agribusiness and food value chain with extensive experience working globally in grain origination, processing, trading, merchandising, and distribution. He has an MBA and a bachelor's degree in Accounting from the Indiana University Kelley School of Business. 

About Ceres Global Ag Corp. (ceresglobalagcorp.com)

Through its network of commodity logistics centers and team of industry experts, Ceres merchandizes high-quality North American agricultural commodities and value-added products and provides reliable supply chain logistics services to agricultural, energy and industrial customers worldwide.

Ceres is headquartered in Minneapolis, MN and together with its wholly-owned affiliates, operates 12 locations across Saskatchewan, Manitoba, Ontario, and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 30.8 million bushels.

Ceres also has a 50% interest in Savage Riverport, LLC, a joint venture with Consolidated Grain and Barge Co., a 50% interest in Gateway Energy Terminal, an unincorporated joint venture with Steel Reef Infrastructure Corp., a 25% interest in Stewart Southern Railway Inc., a short-line railway located in southeast Saskatchewan with a range of 130 kilometers, and a 17% interest in Canterra Seed Holdings Ltd, a Canada-based seed development company.

Cautionary Notice: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation and United States securities laws. Forward-looking information may include but is not limited to, statements regarding the timing and completion of the Private Placement and the proposed use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "intends," "anticipates," "believes" or variations of such words and phrases or statements that certain actions, events or results "may," "could," "would" or "might," "be taken," "occur" or "be achieved." Forward-looking information is based on the opinions and estimates of management at the date the information is made and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Ceres undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

SOURCE Ceres Global Ag Corp.

Katelynn Thissen, NATIONAL Equicom, [phone], [email protected].