The current chief executive officer of agribusiness J.R. Simplot Company announced his intention to step down from his post and retire this year, a recent company press release said. After an 18-year career with the company, Bill Whitacre is slated to retire on Aug. 31, 2018
“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,” the chairman of the firm’s board of directors, Scott Simplot, said in a statement. “The company, the board, and the extended Simplot family thank him for his leadership and commitment.”
Joining Simplot in 2000 as president of its turf and horticulture unit, Whitacre was promoted to Simplot AgriBusiness Group president in 2002 and assumed his current role as CEO in 2009.
The Boise, ID-based company praised Whitacre for helping Simplot to grow its international presence and for overseeing the company while it lifted revenues from $4.5 billion to $6 billion.
“It has been an honor to lead this great company,” Whitacre said in the release. “The agriculture industry continues to offer significant opportunities and the J.R. Simplot Company is well positioned to continue its leadership position earned in the past 90 years.”
Simplot said is in the process of selecting a new CEO from a pool of internal candidates.