World Grain - January 2025 - 60
The Andersons' retiring CEO voices
optimism
Pat Bowe and his replacement, Bill Krueger, say company's future looks bright
by Josh Sosland
Patrick E.
Bowe, left,
and William
E. Krueger
of The
Andersons.
E
ven as he prepared to step away from day-today
responsibilities, Patrick E. Bowe, president
and chief executive officer of The Andersons,
Maumee, Ohio, US, was anything but tired of the agricultural
commodity business that has been the central
focus of his career for four decades.
" We just had our quarterly employee town hall, and I
told our team I wish I was 22 and starting out my career
at The Andersons because I think there's so much opportunity
right now, " Bowe said.
Together with his successor as CEO, William E.
Krueger, Bowe sat down for an interview in September
at the company's Overland Park, Kansas, US, offices
with Milling & Baking News, a sister publication
of World Grain, shortly after announcing his impending
retirement. Krueger began his tenure on Oct. 1.
Although retired, Bowe will remain the company's
board chairman.
Based in Maumee, The Andersons' grain business
has a significant presence in the soft red and hard wheat
states, the inter-mountain region and along the Delta. It
is also a major player in ethanol and agricultural input
markets. The specific needs of downstream customers,
namely consumer packaged goods companies, including
regenerative agriculture and low carbon-intensity
outcomes, have created new horizons of opportunity
for the grain business, Bowe said.
" We're well positioned with the many growers we
work with, " he said. " We're a domestic supplier, and
although we trade internationally, we're really focused
on our domestic customers. And there's a lot of potential
there. "
For flour millers and other grain processors, The
Andersons has several sustainability and sourcing programs
with wheat and corn.
" Our wheat programs are focused on customers
who want specific varieties and traceability, " Krueger
said. " The flour mills know that if they do a program
with The Andersons, we are going to deliver the product
they want, and our producers trust we are going
to bring them programs that will make their farms
more profitable. "
The Lansing acquisition
Krueger joined The Andersons after its acquisition of
Lansing Trade Group, a business he led. Krueger and
Bowe agree about the value of The Andersons' acquisition
of Lansing, five years after the deal's completion.
" While The Andersons was really strong in the east,
Lansing was relatively strong in the western Corn
Belt, " Krueger said. " Being able to take market information
and use it across the entire company has really
created a lot of benefits. It truly is a case of one plus
one equals three. "
Bowe said the benefits extend beyond the geographic
pluses.
" Lansing was in many more product lines, especially
in the feed segment, " he said. " We were more of a
60
January 2025 / World Grain / World-Grain.com
Photo by Josh Sosland
https://www.world-grain.com/articles/20354-krueger-to-lead-the-andersons-as-president-ceo
https://www.world-grain.com/articles/20354-krueger-to-lead-the-andersons-as-president-ceo
https://www.world-grain.com/articles/11444-the-andersons-acquisition-of-lansing-trade-group-finalized
https://www.world-grain.com/articles/11444-the-andersons-acquisition-of-lansing-trade-group-finalized
http://www.World-Grain.com
World Grain - January 2025
Table of Contents for the Digital Edition of World Grain - January 2025
World Grain - January 2025 - Intro
World Grain - January 2025 - 1
World Grain - January 2025 - 2
World Grain - January 2025 - 3
World Grain - January 2025 - 4
World Grain - January 2025 - 5
World Grain - January 2025 - 6
World Grain - January 2025 - 7
World Grain - January 2025 - 8
World Grain - January 2025 - 9
World Grain - January 2025 - 10
World Grain - January 2025 - 11
World Grain - January 2025 - 12
World Grain - January 2025 - 13
World Grain - January 2025 - 14
World Grain - January 2025 - 15
World Grain - January 2025 - 16
World Grain - January 2025 - 17
World Grain - January 2025 - 18
World Grain - January 2025 - 19
World Grain - January 2025 - 20
World Grain - January 2025 - 21
World Grain - January 2025 - 22
World Grain - January 2025 - 23
World Grain - January 2025 - 24
World Grain - January 2025 - 25
World Grain - January 2025 - 26
World Grain - January 2025 - 27
World Grain - January 2025 - 28
World Grain - January 2025 - 29
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World Grain - January 2025 - 64
World Grain - January 2025 - 65
World Grain - January 2025 - 66
World Grain - January 2025 - 67
World Grain - January 2025 - 68
https://digital.world-grain.com/sosland/wg/wg_2025_02_01
https://digital.world-grain.com/sosland/wg/world-grain-january-2025
https://digital.world-grain.com/sosland/wg/world-grain-december-2024
https://digital.world-grain.com/sosland/wg/world-grain-november-2024
https://digital.world-grain.com/sosland/wg/world-grain-october-2024
https://digital.world-grain.com/sosland/wg/world-grain-september-2024
https://digital.world-grain.com/sosland/wg/world-grain-august-2024
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https://digital.world-grain.com/sosland/wg/world-grain-may-2024
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https://digital.world-grain.com/sosland/wg/world-grain-february-2024
https://digital.world-grain.com/sosland/wg/world-grain-january-2024
https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
https://digital.world-grain.com/sosland/wg/world-grain-august-2023
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https://digital.world-grain.com/sosland/wg/world-grain-june-2023
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https://digital.world-grain.com/sosland/wg/world-grain-february-2023
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https://digital.world-grain.com/sosland/wg/world-grain-june-2022
https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
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https://digital.world-grain.com/sosland/wg/world-grain-june-2021
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https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
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