CEO of nation’s largest biodiesel company resigns
Source: Christa Marshall, E&E News reporter • Posted: Friday, July 7, 2017
In a statement, Renewable Energy Group Inc. didn’t offer a reason for Oh’s departure. The Iowa-based company said it appointed longtime Director Randolph Howard as interim CEO after Oh’s resignation became effective Monday.
“The board appreciates Dan’s work in guiding REG to its position as the industry leader with sales of over $2 billion in 2016, as well as his willingness to assist on transitional matters over the next several months. We wish him the best in his future endeavors,” said Jeff Stroburg, chairman of REG’s board of directors.
As CEO since 2011, Oh oversaw several acquisitions and commented frequently about U.S. EPA’s renewable fuels policy. In 2015, Oh told E&ETV that he was positive about EPA’s renewable volume obligations even though other members of industry were not (OnPoint, June 23, 2015).
The company expanded into new areas such as renewable chemicals in the past few years, including purchase of a rival biodiesel company in 2015 that provided access to West Coast markets (Greenwire, Aug. 20, 2015).
REG oversees 14 biorefineries. It announced this year it has sold 2 billion gallons of biomass-based diesel.
Prior to joining REG, Oh was a vice president at ABG Inc., an agribusiness consulting firm. He also previously worked at Eli Lilly & Co. and McKinsey & Co.
Howard, who has been on REG’s board of directors for more than a decade, previously was a senior executive at Unocal Corp., an oil and natural gas producer.