Monsanto Executive Vice President and Chief Financial Officer Terry Crews to Retire

Carl Casale, Executive Vice President, Strategy and Operations, To Succeed Crews as CFO

13-Aug-2009 - USA

Monsanto Company announced today that Terry Crews, 53, Executive Vice President and Chief Financial Officer, will retire from the Company effective Nov. 30, 2009. Carl Casale, 48, currently Executive Vice President of Strategy and Operations, has been named as Crews' successor effective Sept. 1, 2009. Crews will serve as Special Assistant to the CEO through Nov. 30, 2009.

During his 32-year career, Crews led Monsanto through several unique transitions including Monsanto's integration of its first seed company investments in the 1990s, its original initial public offering and ultimate spinoff earlier this decade, as well as the company's settlement proceedings with Solutia last year. Crews' financial discipline is credited with supporting Monsanto in its historic annual earnings growth path of 20 percent which enabled the St. Louis-based company to return value to its shareowners, invest in new innovations for farmers as well as support a number of acquisitions over the years including Delta and Pine Land, Seminis and De Ruiter Seeds.

Casale joined former Monsanto Company in 1984. During his 25-year tenure with Monsanto, Casale led the company's commercial organization. He also spearheaded several key strategic initiatives for the company including litigation resolution efforts with major competitors, the establishment of American Seeds, the SmartStax™ collaboration with Dow AgroSciences, and the acquisition of Cristiani Burkhard. Most recently, Casale led strategy and operations for the company. In this role, he oversaw Monsanto's strategy, manufacturing and information technology organizations.

Casale holds a B.S. degree in agricultural economics from Oregon State University and a M.B.A. from Washington University. He grew up on a family farm in Oregon, which still operates today, and began his career as a sales representative in Walla Walla, Washington. Casale maintains his hands-on involvement with farming to this day and runs his own commercial farming operation in his spare time.

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