VeraSun fires president in wake of bankruptcy filing
Sioux Falls, S.D. — (AP) - Ethanol producer VeraSun Energy -- which two weeks ago filed for Chapter 11 bankruptcy protection -- says it has terminated Danny C. Herron, the company's president and chief financial officer.
Bryan Meier, VeraSun's vice president of finance and chief accounting officer, is assuming the additional responsibilities of principal financial officer.
The information comes from a VeraSun filing with the Securities and Exchange Commission.
VeraSun earlier this week said it expects to report a third-quarter loss of about $464 million - more than four times the amount quoted in an earlier announcement that accelerated the company's fall into bankruptcy protection.
VeraSun, based in Sioux Falls, is the nation's second largest producer, with about 13 percent of the nation's ethanol capacity.
(Copyright 2008 by The Associated Press. All Rights Reserved.)