I'm not sure why Mon popped this month, but while Mon has been the leader Potash and Mosiac also made nice moves. Monsanto was the dog of this group recently.
[Investors did not seem to mind that CFO Carl Casale is leaving MON on 12/31/10—the stock was up about 1% today. Some investors may even have considered Casale’s departure bullish; a regular iHub contributor I respect sold MON a few months ago and cited Casale’s management style as one of the reasons.]
›Monday, November 22, 2010, 5:34am CST Minneapolis/St. Paul Business Journal - by Katharine Grayson
CHS Inc. has selected Monsanto Co. CFO Carl Casale to serve as its next president and CEO.
Casale will take the helm of the Inver Grove Heights-based agricultural cooperative on Jan. 1. He succeeds John Johnson, who is retiring from the CEO post on Dec. 31.
Casale, 49, is a former chief financial officer and executive vice president at St. Louis-based Monsanto[technically, he’s not “former” until Jan 1], which develops insect- and herbicide-resistant crops and other agricultural products. At Monsanto, he focused on strategy, information technology and finance, CHS (Nasdaq: CHSCP) said in a press statement.
“The CHS board believes that in Carl Casale we’ve found an individual whose impressive depth of domestic and global agribusiness knowledge, strategic ability, financial acumen and leadership experience will carry CHS forward,” said Michael Toelle, CHS board chairman, in a press statement. “Most of all, we believe we’ve selected a candidate whose rural roots, active involvement in agriculture, personal style and values are compatible with our culture and our strong, producer-focused company.”
Casale is from Oregon and runs a blueberry farm in that state. He’s worked for Monsanto (NYSE: MON) for about 26 years, first as a sales representative.‹
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