The president of Southern Minnesota Beet Sugar Cooperative
in Renville, Minn., died June 23.
Alan D. Ritacco, 67, of Eagan, Minn., died of a massive
stroke at his lake cabin home near Eveleth, Minn. His death
came months short of an intended retirement and before he
could show the ropes to a successor, who started July 1. Neil
Rudeen, a Bird Island, Minn., farmer and chairman of the
co-op's board, is serving as acting CEO.
Ritacco's death came as a shock to the co-op's board of
directors who recently was hired a new president, John
Richmond of the Sugarland, Texas, area. Richmond was to serve
as under Ritacco, who would retain the CEO title until Ritacco
would retire at some undetermined point, probably in the
coming year.
The co-op
Southern Minnesota is one of four companies -- American
Crystal Sugar Co. of Moorhead, Minn., and Minn-Dak Farmers
Cooperative of Wahpeton, N.D., and U.S. Sugar Corp. of
Clewiston, Fla. -- that market sugar together as United Sugars
Co. of the Minneapolis area.
As president of Southern Minnesota Beet, Ritacco served on
the United Sugars board and had served as chairman three years
ago. Before coming to Southern Minnesota, Ritacco was an
executive with International Multifoods, where he had spent
the bulk of his career. He had an electrical engineering
degree from the University of Minnesota.
Under Ritacco's leadership, Southern Minnesota had
undertaken a $100 plant expansion, which is not yet complete.
Recently, he'd dealt with a financial blow to shareholders
from frost damage on the 2000 crop. The process to recover
losses from insurance companies is ongoing.
Shareholders are organizing in groups according to about 10
insurance carriers to organize legal action, Rudeen says.
"Hopefully it doesn't come to that, but we're in the
process," Rudeen says of potential litigation. The
company itself has no claim.
Year 2000 beets were harvested and thought to be sound, but
450,000 tons of a 2.3 million-ton crop had to be discarded and
other beets were processed but damaged.
The company also suffered damages to the 1999 crop because
of a boiler failure that interrupted processing for two weeks.
That matter also still is under negotiation between the co-op
and its insurance carriers.
"I think now the executive transition period will be
extremely condensed," Rudeen says. "I think Al's
strong leadership and ability to weave us through adversity is
going to be sorely missed."
New manager
In a recent memo to grower-shareholders, Rudeen says
Richmond, 54, brings 28 years of experience in the sugar
industry, holding various positions with Holly Sugar and
Imperial Sugar Co. The board announced that Richmond would
supervise Jeff Plathe, vice president administration and chief
financial officer, as well as Mark Suhr, vice president of
operations and Jimmy Widner, vice president of agriculture.
"John's last position with the Imperial Sugar Co. was
managing director responsible for the beet sugar
operations," Rudeen wrote. He says the co-op is pleased
to have a manager of Richmond's talents and experience joining
the management team.
Ritacco's funeral information did not include a full
biography. Cron-Sheehy Funeral home in Eveleth released a
death notice which says private services already have been
held in Eveleth. Ritacco had lived in Eagan, Minn., with his
wife, Joan. He is survived by is mother, Margaret Rossi, and
of his five children, 16 grandchildren, two sisters and a
brother. The family asked that memorials be sent to the
Franciscan Retreat House, Conventual Franciscan Friars, 16385
Francis Lane, Prior Lake, Minn. 55372. |