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Monday, October 24, 2011

Teucrium Crowns a CEO

Reported by Armie Margaret Lee

Teucrium Trading [see profile], the firm that sponsors the Corn Fund and five other ETFs, last month appointed Dale Riker as CEO. Riker is one of three co-founders of the firm, alongside Sal Gilbertie and Carl Miller.

Gilbertie continues in his role as president.

The CEO title is a new one at Teucrium, which formed in July 2009. The appointment of Riker as CEO last month enables Teucrium "to be Sarbanes-Oxley-compliant," said Gilbertie said in an interview. "You need delineation of duties."

The appointment formalizes a role Riker has had at the Brattleboro, Vermont-based company.

Gilbertie also confided that Teucrium is developing its sales and marketing efforts.

Gilbertie rang the opening bell at the New York Stock Exchange on Tuesday to mark the recent launch of the Teucrium Soybean Fund, Sugar Fund and Wheat Fund. With him were Riker, Miller and chief financial officer Barbara Riker

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