Covington, LA – CGB Enterprises, Inc. (CGB), a leader in the grain and transportation industries since 1969, today announced that Kevin Adams, President and Chief Executive Officer, plans to retire on May 31, 2022. Current Chief Operating Officer, Eric Slater, will succeed Adams as CEO on June 1, 2022.
Kevin Adams joined CGB in 1986 and has been the company’s CEO for nearly 20 years. During his tenure as CEO, the company experienced tremendous growth, expanding from approximately 30 grain elevators to over 100 while also growing its complementary businesses including transportation and logistics, soybean processing, risk management and agri-finance.
“As I reflect on our company’s history and my time with CGB, I am inspired, humbled, and overwhelmed with gratitude. Some of my predecessors really helped build a foundation, the things that gave us opportunity for the growth and success we’ve had over the last 20 years. I hope the work we’ve done over the last 20 years has provided a base for the next 20; if we’ve done that, we’ve done our job well,” Adams said during a recent company meeting.
Eric Slater will succeed Adams as CEO on June 1, 2022. Slater joined the CGB team in 1988 as a summer intern and has developed a wealth of industry experience and knowledge during his career, including a deep understanding of the industry and appreciation for the importance of a company’s culture to overall success. Most recently, he carried the role of Vice President of Operations for Zen-Noh Grain Corporation (ZGC) which had significant focus around the operations at ZGC’s export elevator in Convent, LA, and served as President of Zen-Noh Hay, Inc. before transitioning back to CGB as its COO in 2021.
“Kevin’s focus on CGB’s core competencies and subsequent strategic growth served the needs of our company’s diverse stakeholders and created excellent returns for our shareholders. He has been a tremendous leader for the company and a personal mentor of mine for years. It’s a true privilege to have worked alongside him and I’m honored to have the opportunity to now lead such an incredible organization full of dedicated, brilliant professionals,” said Eric Slater.
Kevin Adams pictured left, Eric Slater pictured right
About CGB Enterprises Inc
CGB Enterprises Inc. is headquartered in Covington, LA, and through its wholly owned subsidiary, Consolidated Grain and Barge Co., operates a vast network of grain facilities across the Midwest. In addition to grain facilities, CGB Enterprises, Inc. has dedicated operations in logistics and transportation (CTLC), agri-finance (AGRIfinancial Services), soybean processing, producer risk management, and other related businesses. For more information on CGB Enterprises, Inc. and its family of businesses, please visit www.cgb.com.