- Associated Press - Friday, November 13, 2015

SIOUX FALLS, S.D. (AP) - Ethanol producer Poet has announced that founder Jeff Broin is returning to the role of chief executive officer.

Broin stepped back into an executive chairman role three and a half years ago to focus on broader industry and agriculture issues and spend more time with family.

Jeff Lautt has served as Poet’s CEO since the change. He’ll continue to manage day-to-day operations as president and chief operating officer.

Broin says Poet will continue to benefit from Lautt’s direction. Lautt says that Broin has built a world leader and it’s no surprise that he would want to continue that work.

Broin’s family purchased Poet’s first South Dakota plant in 1987. The Sioux Falls-based company has grown to 27 plants that produce more than 1.7 billion gallons of ethanol.

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