AGI announces CEO leadership transition

26 October 20223 min reading

Ag Growth International Inc. (AGI) announced that Tim Close has stepped down as President and Chief Executive Officer and resigned as a Director of AGI to pursue other opportunities. The Board of Directors has named Paul Householder, AGI's current Chief Operating Officer, as President and Chief Executive Officer.

Mr. Close has agreed to remain with the company in an advisory role through year-end to ensure a smooth transition. “On behalf of the Board and everyone at AGI, I want to thank Tim for his service and passionate dedication to AGI and all of its stakeholders and for his tremendous leadership and highly valued contributions to AGI's strong position today,” said Bill Lambert, Chair of the Board. “Tim joined the company in August 2012 as Vice President, Strategic Planning and Development, was appointed President in March of 2015 and became President and Chief Executive Officer in January 2016. He has played an instrumental role in the evolution of the company over his tenure, spearheading the acquisition of over 25 businesses, initiating the company's strategic entry into the digital agriculture space, building an outstanding senior leadership team and in the process transforming AGI from a regional manufacturer of grain handling equipment to a diversified truly global food infrastructure leader. It has been a pleasure to work with Tim as we've accomplished these objectives. Tim is a highly talented executive and we wish him well in his future endeavours.”

Tim Close

“I am extremely proud of our accomplishments at AGI over the past 10 years, and the role I have played helping AGI grow, diversify, and prosper,” said Tim Close. “I am also immensely proud of the team I have built at AGI and how we have managed successfully through many challenges including the Covid-19 pandemic. Our continuing record results demonstrate the validity of our 2015-2020 investment phase and our 5-6-7 strategy to diversify our business across new products, markets, customers, and geographies. I am confident that AGI is well positioned for continuing success and have no doubt that Paul will be successful in leading the Company's next phase of profitable growth."

Mr. Lambert added, "We are fortunate to have Paul Householder stepping in to serve as our President and CEO.  Paul joined AGI in 2019 after a long and successful career in the industrial chemicals sector where he ran substantial global businesses with multiple facilities across several geographies. Since joining the company Paul has earned the respect of our Board of Directors and is highly regarded throughout our organization. Recently, Paul has been leading projects designed to deepen the level of integration and optimization of our many businesses and his focus on operational excellence will serve us well. The Board has full confidence in Paul's ability to lead AGI.”

Mr. Householder said, “It is a privilege to assume the position of President and CEO of AGI. I am excited to take on this new role and lead AGI in its current phase focused on operational integration and optimization, leverage reduction, and organic growth. With the strength of the diversified and resilient global business AGI has built over the past several years, and with the continued hard work and dedication of the exceptional AGI team, I look forward to building on AGI's past success and continuing to drive profitable growth across AGI.”


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