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September 15, 2020

GROWERS EDGE NAMES FINANCIAL SERVICES & LENDING INDUSTRY VETERAN TO LEAD COMPANY BOARD


Johnston, Iowa – September 15, 2020 — Growers Edge, a provider of data-driven financial technology solutions for the agricultural industry, today announced the appointment of Trevor Schauenberg as chair of the company’s board. Schauenberg is the retired former president and CEO of GE Capital Industrial Finance and brings a wealth of expertise in financial and lending solutions.

“We are excited to add Trevor as our board chair. He will bring valuable experience and perspective from one of the largest and most respected companies in the world,” said Dan Cosgrove, CEO of Growers Edge. “We plan to immediately leverage his involvement to improve our processes around risk management, financial discipline, and corporate governance.”

As a company officer, Schauenberg had responsibility for GE Capital Industrial Finance, focused on financing solutions for its industrial customers. Industrial Finance included three operating companies, managing $26 billion of assets and enabling $3 billion of equipment orders for GE companies in 28 countries in 2018. In his 28 years of leadership experiences at GE, he held the positions of president and CEO of GE Capital’s Americas Direct Segment, several chief financial officer positions, and led GE’s Corporate Investor Relations group from 2008-2013.

Schauenberg earned a BBA in finance from the University of Iowa in 1991 and has maintained a strong Iowa connection. He received the University of Iowa Tippie College of Business 2018 Alum of the Year award for his years of recruiting graduating students to GE and his service on the Institute for International Business advisory board. He has also created funds at the school to support diversity and provide scholarships and financial assistance to students completing internships abroad.

“I’m thrilled and honored to join the Growers Edge board in this important leadership capacity,” said Schauenberg. “In collaboration with the other board members, I look forward to supporting Dan Cosgrove and the Growers Edge team in their mission to innovatively solve the agriculture industry’s most pressing challenges and capture its greatest opportunities.”

Growers Edge recently closed a $40 million Series B round of financing to speed the development and introduction of its financial technology products and solutions designed to help US growers adopt ag technology innovations that can make their operations more profitable and sustainable. The Growers Edge lending platform will offer private-label financing programs for ag retailers to support growers’ utilization of crop inputs and other technology.

Source: Growers Edge