CEO of J.R. Simplot Company to Retire
Bill Whitacre, CEO of the J.R. Simplot Company has announced his retirement. Whitacre was the Company’s sixth CEO since Company founder Jack Simplot stepped down in 1973.
He retires after an 18-year career with the J. R. Simplot Company, the past nine as Chief Executive Officer. As CEO of the J. R. Simplot Company, Whitacre has expanded the Company’s international footprint and enhanced its position with communities, industries, customers and employees. Whitacre has overseen an increase in revenues from approximately USD4.5bn to USD6bn today.
“Bill has been a highly successful and visionary leader who has helped the J.R. Simplot Company reach new heights and expand our global presence,” said Scott Simplot, chairman of the Board of Directors. “The company, the board and the extended Simplot Family thank him for his leadership and commitment.”
“It has been an honor to lead this great Company,” said Whitacre. “The agriculture industry continues to offer significant opportunities and the J. R. Simplot Company is well positioned to continue its leadership position earned over the past 90 years.” Whitacre’s retirement date is August 31, 2018. The company expects to select its next CEO from internal candidates.