Robert J. Ferguson Plans to Retire Heron Lake BioEnergy, LLC as Chief Executive Officer
February 02, 2012 at 04:29 pm EST
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Robert J. Ferguson has served as the interim and then board-appointed Chief Executive Officer of Heron Lake BioEnergy, LLC since 2007. Mr. Ferguson is also an original member of the company's Board of Governors, served as Board President from 2003 to 2011, and continues to serve as a member of the company's Board of Governors. On January 28, 2012, Mr. Ferguson announced his intent to retire from his position as the company's Chief Executive Officer, effective March 23, 2012, subject to any transition services the Board of Governors may request Mr. Ferguson to perform after the effective date. Mr. Ferguson's decision to retire was for personal reasons and unrelated to any disagreement regarding the Company's operations, policies or practices. The company's Board of Governors has not yet selected a new principal executive officer.
Heron Lake BioEnergy, LLC owns and operates an ethanol plant near Heron Lake, Minnesota with a permitted capacity of approximately 72.3 million gallons per year of undenatured ethanol on a twelve-month rolling sum basis. In addition, Heron Lake BioEnergy, LLC produces and sells distillersâ grains with solubles and corn oil as co-products of ethanol production. The Companyâs segments include Ethanol Production and Natural Gas Pipeline. Heron Lake BioEnergy, LLCâs wholly owned subsidiary, HLBE Pipeline Company, LLC (HLBE Pipeline Company), is the sole owner of Agrinatural Gas, LLC (Agrinatural). Agrinatural, is a natural gas pipeline company that owns and operates the natural gas pipeline that provides natural gas to the Companyâs ethanol production facility and other customers through a connection with the natural gas pipeline facilities of Northern Border Pipeline Company in Cottonwood County, Minnesota.
HERON LAKE BIOENERGY, LLC 
