Seaberg to retire from MGP Ingredients

October 3, 2007

BY Michael Shirek

Web exclusive posted Oct. 19, 2007, at 9:48 a.m. CDT

MGP Ingredients Inc. has announced that its CEO will retire next year. CEO Ladd Seaberg will retire June 30, 2008, and will be succeeded by current MGP Ingredients COO Tim Newkirk.

Seaberg has been the CEO of MGP Ingredients for more than 20 years while Newkirk has held various positions with the company since 1991.

MGP Ingredients operates two ethanol plants, a 78 MMgy facility in Pekin, Ill., and a 4 MMgy facility in Atchison, Kan.

On the Web:
www.mgpingredients.com

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