MINNEAPOLIS, MINNESOTA, US —Carlos Paz will take over as president and chief executive officer of Ceres Global Ag Corp., succeeding Robert Day, who is stepping down from the positions effective Aug. 23.

Day also resigned his board seat but will continue to support the company for several months on a consultative basis.

Paz joined the company in January 2020 as vice president and commercial director where he has been instrumental in developing the company's network of assets. He has more than 25 years of experience in a wide variety of leadership, trading and merchandising roles across North America, Latin America and Europe. Paz also will assume Day’s vacant board seat.

“Leading this company and our dedicated employees since 2016 has been an immense honor,” Day said. “I look forward to working with Carlos to ensure a smooth transition and I am confident in his ability to build upon what Ceres has developed thus far. Especially in the current environment, Carlos’s deep industry expertise, operational excellence and experience in supply chain management will prove invaluable as the company leverages its newly added assets to create value for its customers.”

James Vanasek, chairman of the board at Ceres, thanked Day for his contributions the last seven years, noting that he has played a meaningful role in establishing the company as a reliable supply chain manager.

“We are excited to have Carlos lead Ceres,” Day said. “As head of our commercial team for the past two and a half years, he is ready to build upon the strong foundation put in place since 2013 and continue growing our core oats, durum and spring wheat merchandising businesses as well as further developing our unique logistics hub located at Northgate, Saskatchewan.”

Paz said he is “honored and excited” to lead Ceres.

“I am eager to continue working with our strong network and building on Ceres’ vision to partner with farmers and other suppliers to enable our customers to do great things in the food, agriculture and energy markets,” he said.