Boise, ID – Garrett Lofto has named Doug Stone the next President, Simplot AgriBusiness for the J.R. Simplot Company. Stone will take over for Lofto who leaves the position to become President and CEO at Simplot. He will also be a member of the Simplot Leadership Team, representing AgriBusiness across the diverse company.
“Input agriculture is evolving and we have to shape ourselves for a new future,” Lofto said. “Doug’s strategic vision, global perspective and broad industry knowledge in agriculture and technology make him an ideal fit to lead our AgriBusiness Group and ensure we serve our customers’ expanding needs.”
Stone joined Simplot in June of 2016 as Vice President, Wholesale Agricultural Sales and quickly expanded his responsibilities to include oversight over the company’s industrial, animal nutrition and silica specialty business areas. He has also been instrumental in strategically building and implementing the Company’s import sales strategy to meet the diverse needs of customers.
“I am excited for the opportunity to lead our AgriBusiness Division,” Stone said. “At Simplot, we have a passion that surrounds our customers. Through the dedication of our people and the commitment of the Simplot Family, we are striving to earn their business today and for generations to come.”
Prior to joining Simplot, Stone was the CEO of Consolidated Sourcing Solutions, a retail crop inputs purchasing entity. Previous to that he was Senior Vice President of Terra Industries. He has an MBA from the University of South Dakota and a marketing degree from the University of Iowa.
The J.R. Simplot Company, a privately held agribusiness firm headquartered in Boise, Idaho, has an integrated portfolio that includes phosphate mining, fertilizer manufacturing, farming, ranching and cattle production, food processing, food brands, and other enterprises related to agriculture. Simplot’s major operations are located in the U.S., Canada, Mexico, Australia, and China, with products marketed in more than 40 countries worldwide. For more information, visit http://www.simplot.com .
AgriBusiness is one of four primary business groups that make up the J.R. Simplot Company. The Group operates a pair of phosphate mines in the western U.S. and processes fertilizers and other nutrients that support farms, ranches, landscapes, fire control and city water departments around the world. Paired with retail stores throughout the western U.S. and Canada, AgriBusiness has built long-standing relationships with farmers and horticulturists through our expertise, technology and sustainable practices.