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GRANITE FALLS ENERGY, LLC

(GFGY)
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Granite Falls Energy, LLC Plans to Terminate Steve Christensen as CEO on or Before December 31, 2021

02/22/2021 | 06:06am EDT

On or about February 17, 2021, Granite Falls Energy, LLC executed a separation agreement with its CEO Steve Christensen, providing that Christensen's services to the Company are expected terminate on or before December 31, 2021. Christensen has been employed by the Company since 2012 and intends to retire at or before the end 2021. Pursuant to the Agreement, Christensen's services to the Company will terminate at the earlier of December 31, 2021, or the hiring of a new General Manager and the completion of a transition period. Christensen will be paid in full pursuant to the terms of his employment agreement through December 31, 2021, even if his services terminate earlier due to the hiring of his replacement. In any event, Christensen's services to the Company are expected to terminate no later than December 31, 2021.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2020 165 M - -
Net income 2020 -13,3 M - -
Net Debt 2020 26,8 M - -
P/E ratio 2020 -4,15x
Yield 2020 -
Capitalization 36,7 M 36,7 M -
EV / Sales 2019 0,27x
EV / Sales 2020 0,50x
Nbr of Employees -
Free-Float 65,4%
Chart GRANITE FALLS ENERGY, LLC
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Income Statement Evolution
Managers and Directors
Jeffrey N. Oestmann Chief Executive Officer
Stacie Schuler Chief Financial Officer & Controller
Paul Enstad Chairman-Governors Board
Robin Spaude Member-Governors Board
Rodney R. Wilkison Vice Chairman-Governors Board
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