An Announcement from PYCO Industries, Inc.

PYCO Industries, Inc., in Lubbock, Texas, has named Robert Lacy as its new President and Chief Executive Officer effective October 1. Lacy will succeed Gail Kring who is retiring Sept. 30. Kring has served as President and CEO since October 1, 2002, completing a nearly lifelong career at the Oil Mill spanning over five decades.

Lacy has served as Senior Vice President of PYCO since October 1, 2002, and Vice-President Marketing since October 1, 1996. Mr. Lacy, a graduate of Eastern New Mexico University, began his career with Paymaster Oil Mill Co. in 1984 and joined Plains Cooperative Oil Mill (PYCO) on April 1, 1990. He also serves on the Board of the National Cotton Council, Texas Agricultural Cooperative Council, and Triangle Cooperative Service Company.

PYCO Industries, Inc., (formerly Plains Cooperative Oil Mill) is a cottonseed processing facility located in Lubbock, Texas, since 1936.