Wilbur-Ellis Agribusiness President Dan Vradenburg will transition to become board chair of Cavallo Ventures, the company’s venture capital arm.
Vradenburg was president of the agribusiness division for 16 years, and the division has 160 branch locations in the U.S. generating more than $2 billion in annual sales revenue. His career with Wilbur-Ellis spans 36 years.
The company says under Vradenburg’s leadership the agribusiness group tripled in size and he oversaw more than 35 acquisitions.
"It has been my honor to serve as Agribusiness president, and the successes of my career and our organization were made possible because of the many people I have worked with and for," Vradenburg says. "In my new role, I look forward to helping identify companies that can bring advanced technologies to Wilbur-Ellis and bring value to our customers, preparing both for the industry's seismic shifts."
It’s planned Vradenburg will assume his new role and his successor will be named by the end of 2018.
Cavallo Ventures seeks out investments complementing the company’s three business divisions: Wilbur-Ellis Agribusiness, Connell Brothers Company and Wilbur-Ellis Feed. Earlier in 2018, Cavallo Ventures made its first investment in the feed industry—supporting a startup industrializing meal worm production.