TerraVia Appoints Food Industry Veteran Irene Chang Britt as Chairperson of the Board of Directors
March 08 2017 - 4:02PM
Business Wire
TerraVia (NASDAQ: TVIA), a pioneer in algae innovation and a
food, nutrition and specialty ingredients company, announced today
that co-founder, Chairman and previous Chief Executive Officer
Jonathan Wolfson has informed the Company’s Board of Directors
that after more than thirteen years in a leadership role, he is
stepping down as Chairman of the Board, effective immediately. The
Board has appointed Irene Chang Britt, a food industry veteran and
current Board member, as the new Chairperson of the TerraVia Board
of Directors.
Britt, former President of Pepperidge Farm, has a deep food
industry background that includes key operating roles at Campbell
Soup Company, Kraft Foods, and Nabisco. She joined TerraVia’s Board
of Directors a year ago as we announced our transition to a food,
nutrition and specialty ingredients company.
Mr. Wolfson has agreed to remain on the Board. “Irene is a
rock-star in the food world and I am thrilled to be handing her the
reins as Board Chair, she is exactly what we need moving forward,”
said Mr. Wolfson.
“The perspective Irene has brought as a food industry veteran
has been invaluable to the Board and to the Company,” said Apu
Mody, CEO of TerraVia. “I’m looking forward to working more closely
with Irene in her new role and delighted that Jonathan has agreed
to remain on the Board.”
“I look forward to taking on the Chairperson role and lending my
expertise as TerraVia focuses on food, nutrition and specialty
ingredients,” said Irene Chang Britt. “TerraVia’s platform of algae
ingredients is uniquely positioned to address the increasing global
demand for better nutrition and sustainability.”
About TerraVia
TerraVia Holdings, Inc. is a plant-based food, nutrition
and specialty ingredients company that harnesses the power of
algae, the mother of all plants and earth's original superfood.
With a portfolio of breakthrough ingredients and manufacturing, the
Company is well positioned to help meet the growing need of
consumer packaged goods and established and emerging food
manufacturers to improve the nutritional profile of foods without
sacrificing taste, and to develop select consumer brands. The
Company also manufactures a range of specialty personal care
ingredients for key strategic partners. Headquartered in South
San Francisco, the Company's mission is to create products that are
truly better for people and better for the planet. For additional
information, please visit TerraVia's website
at www.terravia.com.
Forward Looking Statements
This press release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 about TerraVia, including statements that involve
risks and uncertainties concerning the attributes of TerraVia’s
technology and products, including as to meeting demand for better
nutrition and sustainability; and market acceptance of products.
When used in this press release, the words "will", "expects",
"intends" and other similar expressions and any other statements
that are not historical facts are intended to identify those
assertions as forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Any such
statement may be influenced by a variety of factors, many of which
are beyond the control of TerraVia, that could cause actual
outcomes and results to be materially different from those
projected, described, expressed or implied in this press release
due to a number of risks and uncertainties. Potential risks and
uncertainties include, among others: TerraVia's limited
operating history; its limited history commercializing products;
implementation risk in deploying new technologies and operating in
new or modified business areas; delays related to start-up and
ramp-up of production facilities and new products; commercial risk
in deploying new products; and its access, on favorable terms, to
any required financing. Accordingly, no assurances can be given
that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what
impact they will have on the results of operations or financial
condition of TerraVia.
In addition, please refer to the documents that TerraVia
Holdings, Inc. files with the Securities and Exchange
Commission, including its Quarterly Reports on Forms 10-Q and its
Annual Report on Form 10-K, as updated from time to time, for a
discussion of these and other risks. You are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date of this press release. TerraVia is not under
any duty to update any of the information in this press
release.
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TerraVia Holdings, Inc.Corporate CommunicationsKatie
Ringerpress@terravia.com