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Brazilian Agribusiness Executive Joins Ceres Board Of Directors

Stocks in this article: CERE

Energy crop company Ceres, Inc. (Nasdaq: CERE) today announced that Brazilian agribusiness executive Daniel Glat has joined the company’s board of directors. Glat succeeds Douglas Suttles, who stepped down from the Ceres board.

“Mr. Glat brings a history of success in the seed business and an extensive understanding of Brazilian agribusiness operations and customs to our board. His perspectives will be welcomed as we build our commercial business with Brazilian ethanol mills,” said Richard Hamilton, President and CEO of Ceres. “On behalf of the board of directors, I would also like to thank Mr. Suttles for his service to Ceres. We wish him well as he takes on a new leadership role in the energy industry,” said Hamilton.

Glat said that he looks forward to joining Ceres’ efforts to expand ethanol production in Brazil. "Brazilian mills are eager to develop new feedstocks and make greater use of their existing land and industrial assets. I am looking forward to supporting Ceres’ development of the sweet sorghum market in Brazil, both as a business opportunity and also as a Brazilian interested in strengthening our domestic supply of renewable transportation fuels.”

Glat is currently a principal of Glat & Associates, an agribusiness consultancy firm in Rio Grande do Sul, Brazil. He previously spent 25 years working for Pioneer Hi-Bred International, Inc., a Dupont business, including 21 years in Brazil. From August 2007 to June 2011, he served as the director for international operations, where he was responsible for Pioneer’s activities in Latin America, Africa and Asia. During this time he also served on the board of directors of Pioneer. From January 1998 to August 2007, Glat was president of the Pioneer’s Brazilian subsidiary, Pioneer Sementes Ltda., having previously held various sales, marketing and business leadership roles at the subsidiary. Glat currently owns a 900-hectare farming operation in the Brazilian state of Tocatins. He received his B.S. and M.S. in Agronomy and Plant Genetics from the University of Arizona.

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