OMAHA, NEBRASKA, U.S. —The Scoular Company board of directors named Marshall E. Faith chairman emeritus on Sept. 23. The lifetime position recognizes Faith’s nearly 50 years of service, strategic insight, and inspirational leadership to the company.
Faith bought a majority interest in the Scoular-Bishop Grain Company in 1967, serving as chief executive officer (CEO) for 23 years and chairman for 25 years. He most recently served as vice-chairman of the board, a position from which he retired following the company’s board of directors meeting on Sept. 16.
Under Faith’s leadership, Scoular grew and flourished, the company said. In the past 50 years, the company evolved from a three-grain-elevator operation in the Midwest with 10 employees to a much larger organization. Today, Scoular employs 1,200 people in 120 locations and serves end-users and suppliers of grain, feed ingredients, and food ingredients around the globe, the company said.
Faith also established The Scoular Foundation to put a portion of the company’s net profits to work helping people, organizations, and projects in communities where Scoular’s employees live and work. In addition to creating the foundation, he also served in a number of leadership positions for industry and civic organizations, including the Nebraska Leadership Council, the Strategic Command Consultation Committee, the Aksarben Board of Governors, and the boards of Boy Scouts, Nebraska Methodist Hospital, Joslyn Art Museum, United Way of the Midlands, Youth for Christ/USA, Creighton University, and Bellevue University. Faith is a former Director of both Paxton & Vierling Steel Company and Norwest Bank Nebraska (now Wells Fargo).
A diversified business with roots dating back to the 1890s, Scoular operates more than 100 independent business units targeting supply chain solutions for users and suppliers of grain, feed ingredients, and globally. The company’s principal activities revolve around the buying, selling, storing, handling and processing of grain and ingredients as well as managing transportation and logistics worldwide. Scoular operates 120 offices and grain handling facilities in North America, South America and Asia, has more than 1,200 employees and about $5 billion in annual sales. In addition to Omaha, the company has corporate offices in Minneapolis, Minnesota, U.S., and Overland Park, Kansas, U.S.
The company ranked number 66 in the Forbes 2015 top 100 private companies in the U.S.