
The Andersons, Inc. revealed a significant shift in its executive leadership, announcing that Chief Operating Officer Bill Krueger will assume the role of President and Chief Executive Officer (CEO), effective October 1, 2024. Krueger will also join the company’s Board of Directors. The current CEO, Pat Bowe, will transition to serve as Chairman of the Board.
Pat Bowe, who has led The Andersons since 2015 as its first non-family member CEO, oversaw substantial growth during his tenure. The company achieved its highest revenues, nearing $17 billion in 2022, and grew its adjusted EBITDA from approximately $120 million to over $400 million by 2023. Under his leadership, The Andersons also completed its largest acquisition and maintained a strong dividend record, distributing 112 consecutive dividends.
Bill Krueger, reflecting on his new role, stated, "I am honored to succeed Pat as CEO of The Andersons. The company continues to excel by leveraging its deep expertise in the agricultural supply chain, strong customer relationships, and consistent delivery of strong results for all our stakeholders."
Krueger joined The Andersons in 2019 through its acquisition of Lansing Trade Group, where he served as president and CEO for nearly 14 years. His career began as a grain merchant, cultivating extensive experience in the commodity industry with a focus on business development, energy markets, risk management, and corporate finance. Krueger holds a Bachelor of Science in Agribusiness from the University of Nebraska-Lincoln and an MBA in finance from DeVry University's Keller Graduate School of Management.
As he prepares to lead The Andersons into its next chapter, Krueger is committed to building on the company’s strong foundation and exploring new opportunities to enhance its market leadership. His tenure at The Andersons has been marked by strategic growth and a deep understanding of the company’s core operations, positioning him as a natural successor to Bowe.
The transition is a significant milestone for The Andersons, reflecting both a continuity of experienced leadership and a fresh perspective at the helm, as the company looks toward future growth and innovation in the agriculture supply chain.