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CHS Opens Singapore Office, Browne to Lead CHS Asia-Pacific Business Platform


Published on 2011-12-19 12:21:05 - Market Wire
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CHS Opens Singapore Office, Browne to Lead CHS Asia-Pacific Business Platform -- ST. PAUL, Minn., Dec. 19, 2011 /PRNewswire/ --

CHS Opens Singapore Office, Browne to Lead CHS Asia-Pacific Business Platform

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ST. PAUL, Minn., Dec. 19, 2011 /PRNewswire/ -- CHS Inc. (Nasdaq: [ CHSCP ]), the nation's leading farmer-owned cooperative, announced today it has opened an office in Singapore, and Rick Browne, senior vice president, Grain Marketing, will lead the expansion and growth of CHS Asia-Pacific business platform.  Browne will be based in Singapore.

"While CHS has been doing business in the Asia-Pacific region for a number of years, we are intensifying our focus on this dynamic, growing market," says Mark Palmquist, CHS executive vice president and chief operating officer, Ag Business.  "Increasing our profile in global commodities is one of the company's strategic aspirations."

CHS also recently opened an office in Seoul, South Korea, in addition to existing Asia-Pacific offices in Hong Kong and Shanghai, China.

Browne joined CHS in 1979 as a grain merchandiser and has held a variety of grain marketing merchandising and management positions in St. Paul, Minn., and Portland, Ore.  He was named senior vice president in 2001 and has led the CHS North American Grain Marketing platform since that time.  In early 2011, Browne also assumed management responsibility for the CHS Crop Nutrients business.

Browne also represented CHS on the board of directors for TEMCO, Horizon Milling, LLC and the National Grain and Feed Association.  He earned a bachelor's degree agricultural economics and business management from the University of California-Davis.

CHS Inc. ([ www.chsinc.com ]) is the nation's leading cooperative, owned by farmers, ranchers and co-ops across the United States.  A diversified energy, grains and foods business and a Fortune 100 company, CHS is committed to providing the essential resources that enrich lives around the world. CHS supplies energy, crop nutrients, grain, livestock 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. CHS preferred stock is listed on the NASDAQ at CHSCP.

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, 2011, which can be found on the Securities and Exchange Commission web site ([ www.sec.gov ]) or on the CHS web site [ www.chsinc.com ].

 

 

SOURCE CHS Inc.

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