– USA, OH – REX American Resources Corporation (NYSE: REX) today announced the appointment of Cheri Bustos to its Board as an Independent Director, effective immediately, increasing the Board to nine members, including six independent.
“We are pleased to welcome Cheri to the REX American Resources Board. As a highly respected journalist, successful non-profit executive, and extremely effective member of Congress, Cheri brings a rare combination of highly sought-after skills. I am confident that her ability to provide sound leadership and insight based on her experience, including serving on the House Agriculture Committee for 10 years, will make her a strong addition to our Board and support our goals for our alternative energy businesses and further progress with our carbon sequestration project,” said Executive Chairman, Stuart Rose.
About Cheri Bustos
Cheri Bustos served five terms in the U.S. House of Representatives as the Congresswoman from Illinois’s 17th Congressional District. She left office last month. She served on the powerful Appropriations Committee and its Energy and Water Subcommittee. She also served on the House Agriculture Committee and chaired its General Farm Commodities and Risk Management Subcommittee. She was a member of House Leadership for more than half of her tenure in Congress. Before serving in Congress, Bustos was a Vice President of a multi-billion-dollar non-profit health system. Bustos began her career as a journalist, becoming a highly respected investigative reporter and newspaper editor.
Cheri Bustos said, “I am honored to be a part of REX’s diverse and collaborative Board of Directors and look forward to sharing my experience and business perspective with the Board and REX management team. REX’s commitment to innovation and its long-term record of success as a public company has been exemplary, and I am confident we have the right strategy in place to execute on our opportunities and simultaneously deliver value to our stockholders.”
She is a graduate of the University of Maryland at College Park and holds a Master’s in Public Affairs Reporting from the University of Illinois at Springfield. Bustos comes from a long line of family farmers and is a lifelong resident of the state of Illinois.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 699 million gallons of ethanol over the twelve months that ended October 31, 2022. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended October 31, 2022) by the ethanol production facilities in which it has ownership interests was approximately 277 million gallons.
For more information: https://www.rexamerican.com/
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