BioFuel Energy is a publicly traded company (NASDAQ: BIOF) whose goal is to become one of the leading ethanol producers in the United States. Headquartered in Denver, Colorado, the company is currently operating two 110 million gallon per year ethanol production facilities in Fairmont, Minnesota and Wood River, Nebraska.
BioFuel Energy enjoys a strong commercial relationship with Cargill Inc., one of the world’s leading agricultural corporations. Cargill is a service provider, specifically in corn procurement, risk management and product sales. This mutually beneficial relationship allows both companies to focus solely on their core competencies. Since the companies’ inception in 2005, BioFuel Energy has been dedicated to finding the most environmentally friendly, economically efficient, and innovative technologies available in ethanol production.
BioFuel Energy is backed by a prominent group of institutional investors and independent stockholders and is a publicly traded company (NASDAQ:BIOF)
BioFuel Energy Corp. was formed to produce fuel ethanol and thereby play a role in helping to solve the U.S. and the world’s energy dilemma. By initially creating a sustainable business in the United States, it is our belief that we can earn a reasonable profit while reducing U.S. dependence on foreign energy and helping the environment. In doing this we expect to provide growth opportunities for employees and provide financial returns to our shareholders.
To consistently produce high quality products that are economical. We aim to be a low cost producer in the US ethanol industry, known for operational excellence, continuous improvement, and responsible growth.
To be the best producer of fuel ethanol and associated co-products in the United States. We will do this in a manner that makes us the producer of choice for customers, the employer of choice for employees, and a clear preference for those investing in the industry.
Integrity – Our actions match our words. We execute on our plans.
Diligence – We aggressively pursue the facts. We operate with a deliberate sense of urgency.
Creativity – We search for innovative solutions.
Continuous Improvement – We always remain our toughest critic. We listen.
Relentless Pursuit – We attack challenges and goals with passion, and a commitment to hard work and having fun.
Our senior management staff includes a seasoned group of executives with extensive experience in the energy field.
Mark Wong, Chairman
Mark Wong brings considerable experience and industry expertise to his new position on the Board. He served as the chief executive officer of Renewable Agricultural Energy Corporation, a private ethanol development stage company from 2006 to 2007. From 1999 to 2005, Mr. Wong was Chief Executive Officer of Emergent Genetics, an international seed company he had founded that was sold to Monsanto Company in 2005. Prior to that time, Mr. Wong had founded and managed a series of agricultural and biotechnology companies including Big Stone Partners, Agracetus Corporation and Agrigenetics Corporation. Earlier in his career, Mr. Wong had worked as an engineer for FMC Corporation and Chemical Construction Corporation. Mr. Wong received a Bachelor of Science in Chemical Engineering from Lehigh University and a MBA from the Wharton School of Business at the University of Pennsylvania.
Scott H. Pearce, President and CEO
Scott Pearce is the Chief Executive Officer and a co-founder of BioFuel Energy Corp. He joined the company in 2006 after co-founding the predecessor company, Bio Fuel Solutions LLC in 2004. Mr. Pearce has developed and operated natural resource projects for the past 20 years, with specific focus on renewable energy for the past ten years. Previously, he was President and CEO of Poseidon Resources Corp. a water industry leader that develops large-scale desalination projects. Under his leadership, Poseidon developed the innovative approach to co-locating desalination plants with energy producers—a move which resulted in competitive pricing for water production. He started his career in the energy industry as a process engineer. Mr. Pearce is also a veteran of both the Panama and Desert Storm conflicts. He served in various leadership positions, including duties as an attack helicopter pilot and commander, attaining the rank of captain. Mr. Pearce holds an MBA from MIT Sloan School of Management, and a bachelor’s in engineering from Auburn University.
Kelly Maguire, Executive Vice President and Chief Financial Officer
Kelly Maguire joins Biofuel Energy as Vice President and Chief Financial Officer. He brings to the table exceptional experiences in corporate finance management from several Colorado based organizations. His professional experience includes 8 years as the Chief Integration Officer and Chief Financial Officer for Pendum, Inc. – a national ATM service provider – where he was responsible for overseeing customer data for revenue dispatch systems, and managed and directed the revenue and information technology departments. Prior to that, Mr. Maguire was the Chief Financial Officer for Golden based TMJ Implants where he was responsible for overseeing and managing the entire finance department. Beginning his career, Mr. Maguire spent 10 years at Deloitte & Touche where he was responsible for managing audit engagements and audit services staff. Mr. Maguire earned a BBA in Accounting from the University of North Dakota.
Mark L. Zoeller, Vice President — General Counsel and Corporate Secretary
Mr. Zoeller was appointed to his current role in August 2009. Prior to that time, from July 2008 until his appointment, Mr. Zoeller served on a contract basis as the Company’s General Counsel and acting Corporate Secretary. Mr. Zoeller brings an extraordinary breadth of legal knowledge and experience, having practiced extensively in the areas of mergers & acquisitions, finance, securities, intellectual property, labor and employment, and a wide variety of general corporate matters. Mr. Zoeller served in a variety of roles with Cenveo, Inc., a NYSE-listed printing and printing-related services company with over 18,000 employees worldwide, most recently as Vice President, General Counsel and Corporate Secretary. Mr. Zoeller was also General Counsel for a privately-held consumer financial services company. Mr. Zoeller began his legal career with Rothgerber, Johnson & Lyons, a Denver-based law firm. Mr. Zoeller received his B.A. degree in Economics from the University of Chicago, and his Juris Doctor degree from the University of Colorado School of Law.
Doug Anderson, Executive Vice President and Chief Operations Officer
Douglas M. Anderson was appointed our Chief Operations Officer effective June 15, 2012. From August 2009 to March, 2010, Mr. Anderson served as Chief Executive Officer of NuGen Energy, a private ethanol production company. From 2007 to August 2009, Mr. Anderson was Vice President of Operations for Rawhide Energy, a development-stage ethanol company, and from 2004 to 2007 he held a variety of plant-level management positions with U.S. Bio Energy and a predecessor ethanol production company, eventually being promoted to Vice President of Operations. Prior to that, Mr. Anderson held a variety of management positions with the Iams pet-food division of Proctor & Gamble.
Mark Wong - Chairman
Scott H. Pearce - President and CEO, Director
Elizabeth K. Blake - Director
Chairman of Nominating and Governance Committee
David M. Einhorn - Director
Richard I. Jaffee - Director
John D. March - Director
Ernest J. Sampias - Director
Chairman of Audit Committee
Cargill was founded in 1865 and is headquartered in Minnesota. With 149,000 employees in 63 countries, Cargill is an international provider of food, agricultural and risk management products and services.
BioFuel Energy and Cargill have entered into agreements whereby Biofuel will leverage Cargill's expertise in providing corn sourcing and storage, ethanol distribution, distillers grains marketing and risk management services for the Company.
The IndyCar® Series will be using 100% fuel-grade ethanol in 2007, becoming the first major racing circuit to switch entirely to a renewable fuel. Ethanol powers the cars on the race track and can also help consumer vehicles run better on Main Street.