Benson Hill Names Dan Cosgrove as Chief Administrative Officer and General Counsel

Former CEO of Growers Edge begins in role May 10

Benson Hill, Inc. (NYSE:BHIL), an ag tech company unlocking the natural genetic diversity of plants, has named agriculture industry leader Dan Cosgrove as Chief Administrative Officer and General Counsel, effective May 10, 2024. He will assume responsibility for Benson Hill's day-to-day operations related to business development, compliance, and legal matters. Chief Legal Officer Yevgeny Fundler is leaving Benson Hill to pursue other opportunities.

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Benson Hill Names Dan Cosgrove as Chief Administrative Officer and General Counsel. Former CEO of Growers Edge begins in role May 10. (Photo: Business Wire)

Most recently Cosgrove served as Chief Executive Officer of Growers Edge, a company that offers crop plans, finance solutions, land valuation and software and data analytics tools to agriculture. His previous agriculture work also includes key roles at Corteva Agriscience/DuPont Pioneer, where he played an important part in the seed company's global expansion and licensing approach. Drawing on his deep industry knowledge, Cosgrove will oversee all government affairs and administrative functions at Benson Hill to drive strategic initiatives and support the company's evolution to an asset-light business model.

"We are thrilled to welcome such a respected and accomplished agriculture leader to our executive leadership team," said Deanie Elsner, Chief Executive Officer of Benson Hill. "While business development anchors Dan's impressive skillset, his global intellectual property and licensing expertise will be pivotal as we pursue value-chain partnerships. His appointment is an important step in our strategy to serve large-scale soy markets through seed innovations that deliver better feed, better food and better fuel."

"We're grateful to Yevgeny for his contributions to Benson Hill over the past three years," added Elsner. "He provided essential support during the go-public process, M&A activities, and several business negotiations, and we wish him all the best."

About Dan Cosgrove

Cosgrove previously served on the Investment Committee of InnoVenture Iowa, the state's first publicly funded venture capital fund, and is Venture Partner at Radicle Growth, a venture capital fund focused on sustainable, early-stage ag and food tech startups located in San Diego, Calif. He also sits on the Iowa Innovation Council (IIC), an advisory group comprised of business leaders, public universities, representatives and community college officials.

Prior to his tenure at Growers Edge, Cosgrove held leadership positions at Corteva Agriscience, including global lead, corporate development and licensing, vice president of business development, chief patent counsel, and various internal legal team roles. Early in his career, Cosgrove practiced law at Zarley, McKee, Thomte, Voorhees & Sease and focused on patent litigation.

Cosgrove earned his MBA at the MIT Sloan School of Management, J.D. at Drake University, and Bachelor of Science in engineering at Iowa State University. He has also served on many local, industry, and philanthropic boards.

About Benson Hill

Benson Hill moves food forward with the CropOS^® platform, a cutting-edge food innovation engine that combines data science and machine learning with biology and genetics. Benson Hill empowers innovators to unlock nature's genetic diversity from plant to plate, with the purpose of creating nutritious, great-tasting food and ingredient options that are both widely accessible and sustainable. More information can be found at bensonhill.com or on X, formerly known as Twitter, at @bensonhillinc.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or the Company's future financial or operating performance and may be identified by words such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," or similar words. These forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements include, among other things, statements regarding our management strategy and our plans for growth; statements regarding our appointment of the Company's chief administrative officer and general counsel and the anticipated benefits associated therewith; statements regarding expectations relating to future performance, the Company's outlook, and execution of the Company's business plan; and statements regarding the Company's current expectations and assumptions regarding its business and the industries and markets in which it operates, including its transition to an asset-light business model to serve broadacre animal feed markets. Factors that may cause actual results to differ materially from current expectations and guidance include, but are not limited to: risks associated with the Company's execution of its executive leadership transition and the Company's ability to successfully manage organizational changes, including, among others, risks relating to maintaining key employee, customer, partner and vendor relationships; risks associated with the Company's ability to grow and achieve growth profitably, including continued access to the capital resources necessary for growth; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our filings with the SEC, which are available on the SEC's website at www.sec.gov. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved, including without limitation, any expectations about our operational and financial performance or achievements. There may be additional risks about which the Company is presently unaware or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company expressly disclaims any duty to update these forward-looking statements, except as otherwise required by law.

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