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SOURCE CHS Inc.
ST. PAUL, Minn., May 15, 2014 /PRNewswire/ -- Jamey Grafing, an experienced agribusiness finance leader, has been named to the new position of Vice President and Corporate Treasurer for CHS Inc. (NASDAQ: CHSCP), the nation's largest farmer-owned cooperative and a global energy, grains and foods business.
Grafing previously was chief financial officer for CHS Capital, a wholly owned subsidiary of CHS.
"In this new role, Jamey will collaborate with CHS business units and our external banking partners to identify initiatives where Treasury can add economic value to CHS," said Tim Skidmore, CHS executive vice president and chief financial officer.
Grafing will be responsible for managing CHS enterprise wide treasury-related activities including cash and working capital management, short-term investments, debt financing, foreign currency and interest rate derivatives. He will continue to work with CHS Capital on matters relating to wholesale funding and the management of banking relationships.
Grafing has more than two decades of extensive finance and banking experience, much of it in the agribusiness sector. He joined the company in 2008 as chief financial officer for CHS Capital where he was responsible for all aspects of its wholesale funding, accounting, pricing/interest rate risk management, budgeting and audit. His previous experience includes roles with U.S. Bank, Farm Credit System, Credit Agricole and Travelers Insurance.
He holds a Master of Business Administration degree in finance from the University of Iowa, a bachelor's degree in agricultural economics from Iowa State University.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 that are based on management's current expectations and assumptions. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company undertakes no obligations to publicly revise any forward-looking statements to reflect future events or circumstances. For a discussion of additional factors that may materially affect management's estimates and predictions, please view the CHS Inc. annual report filed on Form 10-K for the year ended Aug. 31, 2013, which can be found on the Securities and Exchange Commission web site (www.sec.gov) or on the CHS web site www.chsinc.com.
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