THE WOODLANDS, Texas,
October 1, 2018 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT) and (NASDAQ: RIBTW)
("RBT"), a global leader in the production and marketing of value
added products derived from rice bran, today announced
that the Company has completed its previously announced
management transition plan.
As part of the completion of that plan, Brent Rystrom has assumed the role of President,
Chief Executive Officer and member of the Board of Directors of
RiceBran Technologies effective today, replacing Dr. Robert Smith who stepped down from that position
effective September 30, 2018.
Dennis Dykes, succeeded Mr. Rystrom
as Chief Financial Officer and has assumed the additional role of
Corporate Secretary.
The Company also appointed Mr. David
Chemerow as a member of its Board of Directors effective
October 1, 2018. Mr. Chemerow brings
extensive corporate governance and financial management experience
to RiceBran Technologies. He is currently a member of the Board of
Directors at Dunham's Athleisure Corp., and served for 15 years as
a board member at Playboy Enterprises, Inc., culminating with his
role as Non-Executive Chairman prior to its acquisition by Icon
Acquisition Holdings, L.P. in 2011. Mr. Chemerow has held numerous
key executive roles in both public and private companies during his
distinguished career where he garnered significant expertise
managing early stage growth companies, conducting mergers,
acquisitions, turnarounds and divestitures, and developing long
term corporate growth strategies. He is a graduate of Dartmouth College and holds an MBA from The Amos
Tuck School.
Brent Rosenthal, Chairman of the
Board, stated, "I would like to thank Mr. Rystrom, Mr. Dykes and
Dr. Smith for their efforts over the past three months in
completing this seamless management transition. We look forward to
our Company's successful future under the leadership of
Brent Rystrom and Dennis Dykes. We are also pleased to welcome
David Chemerow to our Board of
Directors. David brings a wealth of experience in all aspects of
achieving successful business growth which will prove invaluable to
our company as we work to build long term value for our
stockholders."
About RiceBran Technologies
RiceBran Technologies is a specialty ingredient company
servicing the food, animal nutrition, and specialty ingredient
products markets. We utilize our proprietary and patented
intellectual property to convert rice bran, one of the world's most
underutilized food sources, into a number of highly nutritious and
clean label ingredient products. The global target markets for our
products include food and animal nutrition manufacturers and
retailers, as well as specialty food, functional food and
nutritional supplement manufacturers and retailers. More
information can be found in the Company's filings with the SEC and
by visiting our website at http://www.ricebrantech.com .
Forward-Looking Statements
This release contains forward-looking statements, including, but
not limited to, statements about RiceBran Technologies'
expectations regarding growing its business and maximizing
shareholder value. RiceBran Technologies does not undertake to
update forward-looking statements in this news release to reflect
actual results, changes in assumptions or changes in other factors
affecting such forward-looking information. Assumptions and other
information that could cause results to differ from those set forth
in the forward-looking information can be found in RiceBran
Technologies' filings with the Securities and Exchange
Commission, including its most recent periodic reports.
Investor Contact:
Ascendant Partners, LLC
Richard Galterio
+1-732-410-9810
rich@ascendantpartnersllc.com
SOURCE RiceBran Technologies