VP of Commodity Risk Management,
Land O' Lakes
Talk Title: Price and Supply Risks in Agricultural Markets: A Perspective from Industry
Susan Grelling is a Supply Chain and Sourcing Executive with 20 years experience in Food Manufacturing and International Development companies. Currently, she is Vice President, Commodities and Risk Management at Land O’Lakes, Inc, a $10 billion farmer-owned, food and agricultural cooperative headquartered in Arden Hills, MN.
Prior to joining Land O’Lakes in 2009, Susan was Vice President of Strategic Sourcing and Material Solutions for The Schwan Food Company, a $4 billion frozen food company. From 2000-2006, she founded Niche Markets International (NMI), a consultant firm specializing in agricultural business and agricultural markets servicing international public companies and NGOs in the former Soviet Union, Central and Eastern Europe, Asia, Africa, Central America and Canada.
Prior to NMI, Susan gained experience in supply chain management and risk management at Chr. Hansen, The Pillsbury Company, The Kellogg Company and General Mills. She gained international experience as a Peace Corps Volunteer for two years in Latvia during the break-up of the Soviet Union.
Susan has a degree in economics from The University of Minnesota. She served on the Board of Directors for Dakota Communities ($15 million health care provider), the Future Farmers of America (FFA), and currently services on the Board of Directors for the Twin Cities Gay Men’s Chorus. She is married with two children and lives in Minnesota.
Chairman and CEO,
CF Industries, Inc.
Talk Title: Feeding the World: Managing Global Commodities Risk to Ensure Food Security
Steve Wilson has served as president and chief executive officer of CF Industries Holdings, Inc. and its predecessor company since July 2003. He has been a member of CF Industries Holdings’ board since April 2005 and chairman of the board since July 2005.
Mr. Wilson earned BA and MBA degrees from Northwestern University. He joined CF Industries in 1991 as senior vice president and chief financial officer, following a lengthy career with Inland Steel Industries, Inc. in Chicago, where he served in a variety of financial and planning positions from 1974 until 1991.
He serves on the board of directors of Ameren Corporation, The Fertilizer Institute, the International Plant Nutrition Institute, the Nutrients for Life Foundation, and the Chicago Foundation for Education. He is Chairman of the Ad Hoc Committee of Domestic Nitrogen Producers, and is a member of the Business Roundtable, the Florida Council of 100 and the Economic Club of Chicago.
CF Industries Holdings, Inc., headquartered in Deerfield, Illinois, is the holding company for the operations of CF Industries, Inc. CF Industries is a global leader in nitrogen and phosphate fertilizer manufacturing and distribution, serving both agricultural and industrial customers. CF Industries operates world-class nitrogen fertilizer manufacturing complexes in the central United States and Canada; conducts phosphate mining and manufacturing operations in central Florida; and distributes fertilizer products through a system of terminals, warehouses, and associated transportation equipment located primarily in the Midwestern United States. The company also owns 50 percent interests in GrowHow UK Limited, a fertilizer manufacturer in the United Kingdom; an ammonia facility in The Republic of Trinidad and Tobago; and KEYTRADE AG, a global fertilizer trading organization headquartered near Zurich, Switzerland.
Managing Director, Agricultural Commodities,
Talk Title: Market Solutions for Risk in Agricultural Markets
Tim Andriesen was appointed Managing Director, Agricultural Commodities of CME Group in August 2009. He is responsible for developing and executing the global growth strategy for the company's agricultural commodities business line.
Prior to joining CME Group, Andriesen most recently served as Managing Director, Agribusiness for National Australia Bank/nabCapital in New York. He also worked as Managing Director, Commodities/Commodities Sales in the firm's Sydney office and as Senior Vice President of Commodities based in New York. His background also includes senior risk management and agricultural trading roles with Zurich Capital Markets, Louis Dreyfus Corporation, Rabobank International and Koch Industries.
Andriesen earned a bachelor's degree in marketing with a specialization in international business from Southern Illinois University.
Previous speakers will also join the panel.
Associate Director of the Zell Center for Risk Research
Dr. Russell Walker is the Associate Director of the Zell Center for Risk Research at Kellogg. His expertise is in the application of analytics in business, with specific emphasis to marketing and risk management decisions. He serves as the academic director for executive education in risk management offered by Kellogg through its partnership with PRMIA. His research interests include how organizations deploy analytics, the use of information in enterprise risk management, managing strategic risk, and emergence of “data creators” in the post information age. Russell worked for seven years as a corporate strategist at Capital One Financial, where he was responsible for enterprise-wise analytics.
Senior Director of Commodities Procurement - Risk Management
Randy Masterman is Sr. Director of Commodities Procurement - Risk Management for Kraft Foods globally, and is located in Northfield, Illinois. He is responsible for Kraft's commodity forecasting, coverage strategy-setting, hedging and reporting processes. Kraft is a major buyer of dairy, meat, coffee, grains, vegetable soil, sugar, cocoa, energy, packaging, and ingredients for the manufacture of groceries worldwide.
Prior to this appointment, Randy rotated through buying positions in all of the above commodities.
Before joining Kraft, Randy was an Account Representative at the investment bank Drexel Burnham Lambert in Chicago, Illinois. In this capacity, he developed and executed futures and options hedging strategies for and with grain merchants, governments, food manufacturers, and manufacturing grocers. Prior to his work in the financial industry, Randy was with the U.S. Department of Agriculture. He started as a County Agent in upstate New York. As County Agent, he made loans to farmers for grain storage and administered price support programs. Randy advanced to Program Director and went to Washington, D.C. where he authored and implemented the Conservation Reserve, a $2 bb land rental program
A native of New York, Randy earned a B.S. in Forestry with honors from Syracuse University. He later earned an MBA from Northwestern's J.L. Kellogg School of Management, majoring in Finance and Marketing.