White Energy Appoints New President & Chief Executive Officer

Greg Thompson to lead renewable fuels company that ranks among nation’s best

PLANO, Texas--()--White Energy, one of the nation’s leading producers of biofuels, animal feed and food ingredients, has appointed Greg Thompson as President and Chief Executive Officer.

“He is a strategic thinker with a strong track record of successfully implementing business strategies and process improvements to grow businesses. We are excited to welcome him to the White Energy team.”

Thompson, 44, was one of the original founders of Verdesian Life Sciences, a North Carolina-based agricultural technology company specializing in nutrient use efficiency technologies. As President and Chief Operating Officer, he led the acquisition and integration of six companies to expand Verdesian’s global market presence.

“Greg is a proven leader with the experience and passion to take White Energy to the next level,” said James Continenza, Chairman of White Energy. “He is a strategic thinker with a strong track record of successfully implementing business strategies and process improvements to grow businesses. We are excited to welcome him to the White Energy team.”

Chief Operating Officer Grant Johanson, who served as White Energy’s Interim CEO, will remain with the company. “We would like to thank Grant for his leadership during this transition period,” Continenza said.

“The growth of America’s biofuels industry presents tremendous opportunities for White Energy,” Thompson said. “Given the quality of our employees and the strength of our production capabilities, we are well positioned to play a significant role in the future of this industry. I’m looking forward to helping White Energy take full advantage of new and existing market opportunities.”

Thompson spent the first 10 years of his career with BASF. He later assumed leadership roles with a number of successful start-up companies where he worked closely with private equity investment firms to grow revenues and build value. He is a 1995 graduate of The Pennsylvania State University and has completed executive leadership courses at Harvard University, Columbia University and other leading academic institutions.

About White Energy

White Energy, headquartered in Plano, Texas, is fueling America’s investment in renewable energy. It is one of the nation’s leading producers of biofuels, animal feed and food ingredients, with the capacity to produce approximately 300 million gallons of ethanol per year. White Energy owns and operates state-of-the-art grain processing facilities in Texas and Kansas. Learn more at www.white-energy.com.

This press release contains certain statements relating to future results (including, without limitation, “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict”), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

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For White Energy
Robert Brown, 919-810-1901
robert@rbpr.com

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Release Summary

White Energy, one of the nation’s leading producers of biofuels, has appointed Greg Thompson as President and Chief Executive Officer.

White Energy