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CFOs On the Move: Week ending Jan. 9
Yahoo Finance· 2026-01-09 09:38
Appointments in Finance Leadership - Marqeta appointed Patti Kangwankij as finance chief effective Feb. 9, 2025, succeeding Mike Milotich who became CEO in September 2025 [2] - Josh Borfitz was promoted to senior associate athletic director and CFO of the University of North Carolina Athletics, succeeding Martina Ballen who is retiring after 38 years [3] - Loop Industries named Spencer Hart as CFO effective Jan. 15, 2025, with interim CFO Mike De Notaris continuing as vice president of corporate development [4] - Green Plains appointed Ann Reis as CFO, replacing Phil Boggs who has held multiple finance leadership roles for 16 years and has been CFO since November 2024 [5] Background of New Appointees - Patti Kangwankij has a background in finance from Roofstock and Stripe, and previously worked at JPMorgan Chase for 14 years [2] - Josh Borfitz has been part of the Carolina Athletics' financial leadership for eight years and previously worked as a CPA with PwC [3] - Spencer Hart has been on Loop's board since February 2025 and has experience as a senior managing director at Guggenheim Securities [4] - Ann Reis has over 20 years of experience in agribusiness, energy, and financial services, previously serving as CFO at Southwest Iowa Renewable Energy [5]
Why health care CFOs are caught between AI pressure and governance risk
Fortune· 2026-01-06 12:47
Core Insights - Many boards are approving AI strategies without clear visibility into the effectiveness of underlying controls, exposing CFOs to scrutiny from regulators, auditors, or investors [1] - Health care organizations face significant challenges in AI governance and controls, with many lacking essential capabilities [4][5] Industry Challenges - 53% of organizations cannot remove personal data from AI models once used, leading to long-term compliance risks under GDPR and other regulations [2] - 63% of organizations cannot enforce purpose limitations on AI agents, 60% lack kill-switch capabilities, and 72% do not have a software bill of materials for AI models [3] - The government sector faces the steepest challenges due to legacy systems, while health care is particularly weak in AI governance [4] Health Care Sector Insights - Over 80% of health care respondents have no API agents planned, reflecting a conservative approach to AI spending [5] - Health care has lagged behind other industries in adopting advanced technologies due to economic constraints, with operating margins typically around 2-3% [6][7] - AI is increasingly viewed as essential for financial sustainability in health care, with leaders recognizing its potential to improve operational efficiency [6] CFO Perspectives - Health care CFOs are under pressure to balance AI investment with limited resources, making technology decisions feel critical rather than experimental [7] - Quantifying AI's return on investment is challenging, complicating the decision-making process for CFOs [7][8] - CFOs are being asked to approve significant technology investments without the necessary internal expertise to evaluate or manage them [8]
Green Plains Achieves a Milestone as CO2 from Nebraska is Sequestered in Wyoming
Businesswire· 2025-12-08 21:15
Core Insights - Green Plains Inc. has successfully captured biogenic carbon dioxide from its three Nebraska facilities and is now transporting and permanently sequestering it at Tallgrass' Wyoming hub, marking a significant achievement in carbon capture and storage [1][2] Company Developments - The company received its first 45Z clean fuel production credit payment of approximately $14 million, with additional payments expected in early 2026. Year-to-date, Green Plains has recorded about $26.5 million in 45Z value generated prior to activating carbon capture systems [2] - Under the 45Z program, eligible low-carbon fuel producers earn production tax credits based on the carbon intensity of their fuel, indicating that as carbon intensity decreases, the credit value per gallon is anticipated to increase [2] Strategic Positioning - Green Plains is executing its low-carbon strategy effectively, with the establishment of carbon-capture initiatives in Nebraska positioning the company for stronger performance and long-term growth [3] - The company aims to unlock new value and advance its low-carbon platform, which is expected to drive growth and deliver long-term value to stakeholders [3] Company Overview - Green Plains Inc. is a leading biorefining company focused on transitioning to a low-carbon world through renewable fuels and sustainable ingredients, leveraging agricultural and fermentation expertise [4] - The company is actively deploying carbon capture and storage solutions at its facilities, aiming to reduce the carbon intensity of its products while delivering stakeholder value [4]
Green Plains Achieves a Milestone as CO2 from Nebraska is Sequestered in Wyoming
Businesswire· 2025-12-08 21:15
Core Insights - Green Plains Inc. has successfully captured biogenic carbon dioxide from its three Nebraska facilities and is now transporting and permanently sequestering it at Tallgrass' Wyoming hub, marking a significant achievement in carbon capture and storage [1][2]. Company Developments - The collaboration with Tallgrass demonstrates the feasibility of large-scale commercial carbon capture and storage, contributing positively to the Nebraskan bioeconomy [2]. - Green Plains received its first 45Z clean fuel production credit payment of approximately $14 million, with additional payments expected in early 2026. The company has recorded about $26.5 million in 45Z value generated prior to activating carbon capture systems [2]. - The 45Z program allows low-carbon fuel producers to earn production tax credits based on the carbon intensity of their fuel, suggesting that as carbon intensity decreases, the credit value per gallon will increase [2]. Strategic Positioning - The successful implementation of carbon-capture initiatives in Nebraska positions Green Plains for stronger performance and long-term growth, aligning with its low-carbon strategy [3]. - The company aims to unlock new value through its low-carbon platform, which is expected to drive growth and deliver long-term value to stakeholders [3]. Company Overview - Green Plains Inc. is a leading biorefining company focused on transitioning to a low-carbon world through renewable fuels and sustainable ingredients, utilizing agricultural and fermentation expertise [4]. - The company is actively deploying carbon capture and storage solutions at its facilities, aiming to reduce the carbon intensity of its products while providing value to stakeholders [4].
Green Plains to Host Third Quarter 2025 Earnings Conference Call on November 5, 2025
Businesswire· 2025-10-29 12:00
Core Points - Green Plains Inc. will release its third quarter 2025 financial results on November 5, 2025, before the market opens, followed by a conference call at 9 a.m. Eastern time to discuss performance and outlook [1][2] - The company is a leading biorefining firm focused on producing renewable fuels and sustainable ingredients, utilizing agricultural and fermentation expertise to create low-carbon energy [3] - Green Plains is actively implementing carbon capture and storage (CCS) solutions at three facilities, aiming to reduce the carbon intensity of its products [3] Financial Transactions - Green Plains has completed a $200 million convertible note exchange, converting $170 million of its existing 2.25% Convertible Senior Notes due 2027 into newly issued 5.25% Convertible Senior Notes due November 2030 [6][7] Carbon Capture Initiatives - The company has successfully started its carbon capture system at the York facility, which is now operational and delivering significant volumes of biogenic carbon dioxide for permanent sequestration [8]