After serving members for nearly 40 years, Great River Energy Vice President and Chief Financial Officer Larry Schmid will retire from the cooperative on April 2. Schmid began working for cooperative members in 1978 and was instrumental in the formation of Great River Energy starting with the merger of two predecessor companies in 1999.
Schmid led some of the company’s most important achievements, including its entry into the capital markets in 2007 and the creation and execution of its financial strategy.
Schmid will retire with Great River Energy in the best financial condition in its history. He also leaves Great River Energy in the capable hands of an experienced and talented staff that has learned much under his leadership. This is particularly true of his successor, Michelle Strobel, who joined Great River Energy in 2010. Strobel will become vice president and chief financial officer upon Schmid’s retirement.
“I have always taken comfort in knowing Larry was looking after the financial condition of Great River Energy,” said Great River Energy President and Chief Executive Officer David Saggau. “Michelle Strobel has excelled with every challenge and responsibility she has been given. Our membership will be in great hands under Michelle’s leadership.”