GRANITE FALLS -- Tracey Olson has resigned as chief executive officer of Granite Falls Energy to accept a management position with Karian Peterson Powerline Contracting of Montevideo, the ethanol company announced Monday.
Granite Falls Energy's board of governors accepted the resignation and announced plans to recruit a successor on Monday.
Olson will remain as CEO through mid-February, according to information from Granite Falls Energy.
Karian Peterson is a construction company specializing in the installation of electrical utility infrastructure.
Olson has served as CEO of Granite Falls Energy since De-cember 2006 and had been an adviser to the company previous to that. He was vice president of electrical en-gineering with Fagen Engineering, of Granite Falls, prior to accepting his position with Granite Falls Energy.
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Olson has been leading the company as it expands its production capacity from 49.9 million to 70 million gallons annually. It is currently operating at a rate of 60 million gallons per year. It employs 37 workers full time and its revenues for the fiscal year ended Oct. 31 were in excess of $156,000,000.
Paul Enstad, chairman of the Granite Falls Energy board, said Olson's leadership will be missed but noted that he will assist the company in assuring a smooth transition.
