BROOKINGS, S.D., April 1, 2008 /PRNewswire-FirstCall/ -- VeraSun Energy Corp. NYSE: VSE, one of the nation's largest ethanol producers, today announced that Greg Schlicht has joined the company's executive team as senior vice president, general counsel and corporate secretary. Schlicht comes to VeraSun from US BioEnergy where he held a similar role.
"We are excited to have Greg join the VeraSun team and continue to provide leadership in a very important area of the company," said Danny Herron, VeraSun's president and CFO. "His experience, especially in dealing with acquisitions and project financing, will be extremely valuable as we continue to grow our company and execute our strategy of being a large, low-cost producer."
While at US BioEnergy, Schlicht was responsible for establishing a corporate legal department, adopting corporate governance practices, and completing the company's initial public offering of common stock. He also managed the legal process for plant acquisitions, in addition to overseeing major project financings to fund construction of new ethanol plants. Schlicht also managed US BioEnergy's corporate environmental, health and safety program, a responsibility he will continue to handle at VeraSun.
"I'm excited about the opportunity to build upon what VeraSun and US BioEnergy have created," said Schlicht. "VeraSun is an industry leading biofuels producer, and I'm pleased to be a part of the team as we move forward to even greater accomplishments."
Prior to US BioEnergy, Schlicht served as corporate counsel of Westar Energy, Inc., a publically-traded electric utility company, and Aquila, Inc., a publically-traded electric and natural gas utility company.
About VeraSun Energy Corporation
VeraSun Energy Corporation NYSE: VSE, headquartered in Brookings, S.D., is a leading producer of renewable fuel. Founded in 2001, the company has more than one billion gallons of annual ethanol production capacity through 11 operating facilities. Six additional facilities are currently either under construction or development with a combined capacity of 660 million gallons. Upon completion of the new facilities, VeraSun Energy will have an annual production capacity of approximately 1.75 billion gallons. The company announced it started construction at its Aurora facility to extract oil from dried distillers grains, a co-product of the ethanol process, for use in biodiesel production.
VeraSun markets E85, a blend of 85 percent ethanol and 15 percent gasoline for use in Flexible Fuel Vehicles (FFVs), directly to fuel retailers under the brand VE85(TM). VeraSun Energy now has approximately 150 VE85(TM) retail locations under contract in more than fifteen states and Washington, D.C. For more information, please visit VeraSun Energy's websites at http://www.verasun.com or http://www.VE85.com.
Website: http://www.verasun.com/