Ommen resigns as VeraSun chairman

By Erin Voegele | June 02, 2008
Web exclusive posted July 2, 2008 at 2:14 p.m. CST

Brookings, S.D.-based VeraSun Energy Corp. announced July 1 that Gordon Ommen has resigned as the company's chairman. The role will be assumed by Duane Gilliam, who joined the board in 2005 and currently serves as chairman of the compensation committee and board of directors.

"I understand and respect Gordon's decision to step down from the Board to focus on other business opportunities," said Don Endres, VeraSun Energy's founder and chief executive officer. "He has helped both teams transition following the merger and provided valuable, thoughtful leadership to the board. We wish him much success with his future ventures."

Gilliam has spent nearly four decades working in the oil industry, most recently as executive vice president of Marathon Ashland Petroleum LLC. He has served as chairman of the National Petrochemical and Refiners Association and has held various other leadership positions on several petroleum industry association boards.

"We are pleased to have Duane Gilliam step into this leadership role on the board," Endres said. "His insights into the petroleum market and our customers' business have helped us to gain a deeper understanding of our own business and how we serve our customers."

Gilliam received his undergraduate degree form the University of Kentucky and graduated from Harvard University's Advanced Management Program. In 2003, he was inducted into the University of Kentucky Engineering Hall of Distinction. He retired from Marathon Ashland Petroleum in May 2003. In addition, Gilliam served as director on the boards of the American Petroleum Institute and Colonial Pipeline. He also served as chairman for NPRA and the owner representative board of LOOP LLC. He is currently non-executive chairman of NTR Acquisition Company LLC and serves on the board of Super Quik.

"It has been a pleasure to serve on the VeraSun Board as we have transformed the company from one operating plant in 2005 into one of the industry leaders," Gilliam said. "I am optimistic about the outlook for both VeraSun and the ethanol industry in the coming years as we continue to add value to the petroleum market and volume to the domestic fuel supply."