Simplot Names Stone as Agribusiness President

Doug Stone fills position left vacated by newly appointed CEO Garrett Lofto

Published online: Jun 01, 2018 Articles
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Garrett Lofto, who was recently named president and CEO of the J.R. Simplot Company, has named Doug Stone the company’s next president of agribusiness. Stone will take over the position left vacant upon Lofto’s promotion to his current position. He will also be a member of the Simplot Leadership Team, representing agribusiness across the diverse company.

“Input agriculture is evolving, and we have to shape ourselves for a new future,” says Lofto. “Doug’s strategic vision, global perspective and broad industry knowledge in agriculture and technology make him an ideal fit to lead our agribusiness group and ensure we serve our customers’ expanding needs.”

Stone joined Simplot in June of 2016 as vice president of wholesale agricultural sales and quickly expanded his responsibilities to include oversight of the company’s industrial, animal nutrition and silica specialty business areas. He has also been instrumental in strategically building and implementing the company’s import sales strategy to meet customers’ diverse needs.

“I am excited for the opportunity to lead our agribusiness division,” says Stone. “At Simplot, we have a passion that surrounds our customers. Through the dedication of our people and the commitment of the Simplot family, we are striving to earn their business today and for generations to come.”  

Prior to joining Simplot, Stone was the CEO of Consolidated Sourcing Solutions, a retail crop inputs purchasing entity. Previous to that, he was senior vice president of Terra Industries. He has an MBA from the University of South Dakota and a marketing degree from the University of Iowa.