Landec Announces CFO Resignation
December 27 2019 - 09:15AM
Landec Corporation (Nasdaq: LNDC) (“Company”), a diversified health
and wellness company with two operating businesses, Curation Foods,
Inc. and Lifecore Biomedical, Inc., today announced the planned
resignation of Gregory S. Skinner for personal reasons. Skinner has
served as the Company's Chief Financial Officer (CFO) and Vice
President of Finance and Administration since 1999. The Company
also announced that Brian F. McLaughlin, the current CFO of
Curation Foods, will succeed Skinner as interim CFO, effective
January 8, 2020, in addition to his current role.
“We sincerely thank Greg for his invaluable
contributions to Landec over the years,” said Dr. Albert Bolles,
Landec’s President and CEO. “Greg has built a tremendous finance
team and program and maintained the highest standard of leadership,
strategic thinking and financial stewardship during his tenure as
CFO. On behalf of the Board and our employees, we wish him all the
best.”
In announcing his resignation, Skinner said,
“It’s been an honor to serve the shareholders, employees and
customers of Landec for the past 23 years. I look back on my tenure
with pride in our accomplishments and excitement for the
opportunities that will come next. Brian is a tremendous leader
with strong financial knowledge, and has the right experience
within the business to take the reins as interim CFO. I am grateful
for the opportunity to have collaborated with so many talented
colleagues and have confidence in a bright future for Landec.”
McLaughlin joined Curation Foods (formerly Apio) in 2015 as CFO
and has extensive global experience and financial skills, which
will be instrumental as the Company focuses on driving long-term
growth. Prior to joining Curation Foods, McLaughlin was Executive
Vice President and CFO of Big Idea Holdings, LLC from 2010 until
2015, CFO of EuroFresh Farms from 2008 until 2009, CFO of
Driscoll’s, Inc. from 2006 until 2007 and CFO of Fresh Express,
Inc. from 1996 until 2006. In addition, he spent 19 years in
commercial banking, the majority of which was in corporate middle
market and real estate development debt restructurings.
“I am honored to be given the opportunity to
serve as Landec’s interim CFO and appreciate the confidence of the
Board and Al,” said McLaughlin. “Greg has provided us with strong
leadership, and I look forward to working with our shareholders and
teammates to continue positioning Landec as a leading
innovator.”
About Landec CorporationLandec
Corporation (NASDAQ: LNDC) is a leading innovator of diversified
health and wellness solutions with two operating businesses:
Curation Foods, Inc. and Lifecore Biomedical, Inc. Landec designs,
develops, manufactures and sells products for the food and
biopharmaceutical industry. Curation Foods is focused on innovating
and distributing plant-based foods with 100% clean ingredients to
retail, club and foodservice channels throughout North America.
Curation Foods is able to maximize product freshness through its
geographically dispersed family of growers, refrigerated supply
chain and patented BreatheWay® packaging technology. Curation
Foods brands include Eat Smart® fresh packaged vegetables and
salads, O Olive Oil & Vinegar® premium artisan
products, and Yucatan® and Cabo Fresh® avocado products.
Lifecore Biomedical is a fully integrated contract development and
manufacturing organization (CDMO) that offers highly differentiated
capabilities in the development, fill and finish of sterile
injectable pharmaceutical products in syringes and vials. As a
leading manufacturer of premium, injectable grade Hyaluronic Acid,
Lifecore brings 35 years of expertise as a partner for global and
emerging biopharmaceutical and biotechnology companies across
multiple therapeutic categories to bring their innovations to
market. For more information about the Company, visit Landec’s
website at www.landec.com.
Contact
Information: |
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Investor
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Jeff Sonnek |
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(646) 277-1263 |
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Jeff.sonnek@icrinc.com |
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