MAUMEE, Ohio, Oct. 24 /PRNewswire-FirstCall/ -- The Andersons, Inc.
(Nasdaq: ANDE) has named Gerard M. Anderson to the company's Board of
Directors effective December 19, 2008.
The appointment of Mr. Anderson fulfills the seat vacated by Dr. Sidney
A. Ribeau, president of Howard University, Washington, DC, who served on
The Andersons Board of Directors since 1998.
"We are looking forward to the contributions Gerry will bring to our
Board," said Chairman Dick Anderson. "Gerry offers us a wealth of business
knowledge specific to the energy industry. Additionally, his Andersons'
family roots have grounded him in the values upon which this company has
prospered. Although a family member, Gerry will qualify as an independent
director for corporate governance purposes."
Mr. Anderson currently serves as the President and Chief Operating
Officer of DTE Energy (NYSE: DTE) a Detroit-based diversified energy
company involved in the development and management of energy-related
businesses and services nationwide. Anderson oversees all of the company's
electric, gas and nuclear operations, encompassed in its two main operating
subsidiaries, Detroit Edison and MichCon, as well as its non-utility
businesses which are focused on power and industrial projects; gas,
pipelines and storage; unconventional gas production; and energy trading.
Anderson joined DTE Energy from the consulting firm McKinsey and Company in
1993.
Mr. Anderson earned a bachelor of science degree in civil engineering
at the University of Notre Dame. He also earned a master of business
administration degree and a master of public policy degree from the
University of Michigan.
Mr. Anderson formerly chaired the Center for Energy and Economic
Development and the EEI Committee on Environment. He also is involved in
various local community and civic activities, serving as vice chairman of
The Nature Conservancy, Michigan chapter; chairman of the Michigan
Greenways Initiative; Chairman of the University of Michigan Ross School of
Business Corporate Advisory Board and as a member of the Executive
Committee of The Parade Company. He also serves on The Henry Ford Board of
Trustees and the University of Michigan Phoenix Energy Institute.
About The Andersons, Inc.
The Andersons, Inc. is a diversified company with interests in the
grain, ethanol and plant nutrient sectors of U.S. agriculture, as well as
in railcar leasing and repair, turf products production, and general
merchandise retailing. Founded in Maumee, Ohio, in 1947, the company now
has operations in 12 U.S. states and Puerto Rico, plus rail equipment
leasing interests in Canada and Mexico. For more information, visit The
Andersons online at http://www.andersonsinc.com .
SOURCE The Andersons, Inc.
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Related links:
http://www.andersonsinc.com
CONTACT:
Gary L. Smith, VP, Finance & Treasurer of The
Andersons, Inc., +1-419-891-6417, gary_smith@andersonsinc.com
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