Calyxt Appoints Vince Restucci as Vice President of Agronomy Services to Accelerate Expansion
December 03 2019 - 8:31AM
Business Wire
35-Year Agribusiness Veteran to Strengthen
Agronomy Team & Support Market Entry into New Crops
Calyxt, Inc. (NASDAQ: CLXT), a plant-based technology company
focused on healthy food ingredients, has appointed Vince Restucci
in a newly created role as Vice President of Agronomy Services to
support the expansion of Calyxt’s grower network and Identity
Preserved System.
Mr. Restucci has a diverse background in purchasing, marketing
and technical expertise across farming, consumer packaged goods,
food, and agribusiness environments, making him a versatile
addition to help steer the Calyxt agronomy team. His vast
experience will guide our growing list of strategic agronomy
partners to improve the quality of crops, increase yield and
address questions related to chemistry and stewardship
practices.
“We expect Vince, with his deep agribusiness knowledge, to have
a positive impact in helping us to grow not only our first
commercial product, High Oleic Soybean, but also expansion to new
crops including wheat, hemp and alfalfa,” said Manoj Sahoo, Chief
Business Development and Supply Chain Officer with Calyxt. “As a
well-respected and driven agribusiness leader, Vince will tap into
and expand our grower relationships. We believe this strategy will
strengthen our initiative to double contracted acres year over year
as already evident with our 2020 contracted acreage goal of 100,000
acres versus 36,000 planted acres in 2019,” concluded Sahoo.
Vince brings more than 35 years of agribusiness, refining and
CPG experience to Calyxt. Most recently with R.D. Offutt Company,
he served as Director of Procurement & Business Technology,
where he was responsible for managing crop production inputs on 48
separate farming locations where he oversaw field technology and
precision agriculture activities. He previously held positions with
J.R. Simplot Company, Western Refining and Miller Brewing Company.
Mr. Restucci obtained his Bachelor of Science in Marketing from the
University of Alabama at Birmingham and his MBA from the Keller
Graduate School of Management in Scottsdale, Arizona. He served in
the U.S. Army as a Chief Warrant Officer and a Medical Evacuation
Helicopter Pilot.
About Calyxt
Calyxt (NASDAQ: CLXT), based in Roseville, Minnesota is a
plant-based technology company that utilizes our patented breeding
technology to make the food you love a healthier choice. The care
we take extends beyond nutritional value. We partner with farmers
and food companies to deliver traceable plant-based products
developed to be healthier and more sustainable than their
conventional counterparts. We use cutting edge plant breeding
techniques to develop products that help improve diets by reducing
bad fats, allergens and toxins. Today oil from our high oleic
soybean plants has lower saturated fats than commodity soybean oil.
We are also developing high fiber wheat designed to provide an
excellent source of daily fiber when incorporated into wheat-based
foods. We continuously pursue innovation to deliver good food that
is good for you. For further information, please visit our website
at www.calyxt.com.
Calyxt Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify these statements by forward-looking words such as “may,”
“might,” “will,” “should,” “expects,” “plans,” “anticipates,”
“believes,” “estimates,” “predicts,” “potential” or “continue,” the
negative of these terms and other comparable terminology. These
forward-looking statements, which are subject to risks,
uncertainties and assumptions about us, may include projections of
our future financial performance, our anticipated growth strategies
and anticipated trends in our business. These statements are only
predictions based on our current expectations and projections about
future events. There are important factors that could cause our
actual results, level of activity, performance or achievements to
differ materially from the results, level of activity, performance
or achievements expressed or implied by the forward-looking
statements, including those factors discussed under the caption
entitled “Risk Factors” in our Annual Report on Form 10-K, along
with our other filings with the U.S. Securities and Exchange
Commission. We do not assume any obligation to publicly provide
revisions or updates to any forward-looking statements, whether as
a result of new information, future developments or otherwise,
should circumstances change, except as otherwise required by
applicable laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20191203005335/en/
Media contact Trina Lundblad, Director of Corporate
Communications Phone: +1 (612) 790-0514 email: media@calyxt.com
Investor Relations contact Chris Tyson Managing Director
MZ Group – MZ North America (949) 491-8235 CLXT@mzgroup.us
www.mzgroup.us
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