- Steakholder Foods is excited to announce the promotion of
VP Finance, Eitan Noah, to
CFO.
- Mr. Noah, an experienced finance leader, has been an
integral part of the company's finance team since 2021 and has
demonstrated a deep understanding of the company's operations,
financials, and strategic priorities.
REHOVOT, Israel, March 2,
2023 /PRNewswire/ -- Steakholder Foods Ltd.
(Nasdaq: STKH), (formerly MeaTech 3D: MITC), an international
deep-tech food company at the forefront of the cultivated meat
industry, is excited to announce the promotion of a key member of
its executive team. The current Vice President of Finance, Mr.
Eitan Noah, will be assuming the
position of the Company's Chief Financial Officer, as its
current Chief Financial Officer, Guy
Hefer, has decided to step down from his role.
Eitan Noah, B.A., CPA, will
assume the CFO role on March 23,
2023, following the publication of the Company's annual
report. Mr. Noah has been the Company's Vice President of Finance
since January 2021. He is an integral
member of the company's finance team, demonstrating exceptional
leadership and financial acumen during his tenure, with a deep
understanding of the company's operations, financials, and
strategic priorities.
Before his tenure as VP Finance at Steakholder Foods, Mr. Noah
was Director of Finance at Inception XR, Inc., and Controller and
FP&A Manager at Fluence Corp. Ltd. Prior to that, he was a
senior associate at PwC Israel. He holds a Bachelor's degree in
Economics from the Ben-Gurion University of
the Negev, Israel, and is a
certified practicing accountant.
Steakholder Foods CEO Arik
Kaufman commented, "Mr. Noah is a core part of our
leadership and has demonstrated his financial expertise alongside
his strong commitment to the company's vision over the past few
years. We're excited to continue working with him in this new stage
of his path at Steakholder Foods."
Mr. Noah's appointment follows the decision of Mr. Guy Hefer to step down from the Chief Financial
Officer role, for personal reasons. Under his leadership,
Steakholder Foods has grown to be a multinational leader in the
field of cultivated meat, and the first cell agriculture developer
whose securities are traded on the Nasdaq Capital Market.
Mr. Hefer stated, "I want to express my deepest appreciation for
Steakholder Foods and their top-notch team and wish the Company all
the best in the future. I've had the pleasure of working alongside
Eitan and have no doubt that he is the right man for the job, as an
experienced finance leader with a deep understanding of the
company. Steakholder Foods is poised to be a major player in the
cultured food revolution, and it has been my distinct honor to play
a role in the company's journey." He added, "It is with mixed
emotions that I announce my decision to step down from my role as
the company's CFO. Serving as CFO has been an honor and a
privilege, and I am grateful for the opportunity to have worked
alongside such a talented and dedicated team. I am proud of the
progress that we have made together during my tenure. We have
successfully navigated a rapidly changing market environment, and I
am confident that our company will continue to thrive under the
leadership of our talented executive team and the dedicated
employees who work tirelessly every day to drive our success. I
also want to express my gratitude to our shareholders for their
support and trust over the years. I look forward to following our
progress in the years ahead".
About Steakholder Foods
Steakholder Foods Ltd., formerly MeaTech 3D Ltd., is an
international deep-tech food company at the forefront of the
cultured meat revolution. The company initiated activities in 2019
and is listed on the Nasdaq Capital Market under the ticker "STKH"
(formerly MITC). Steakholder Foods maintains facilities in Rehovot,
Israel and Antwerp, Belgium and has recently expanded
activities to the US.
The company is developing a slaughter-free solution for
producing a variety of beef, chicken, pork, and seafood products —
both as raw materials and whole cuts — as an alternative to
industrialized farming and fishing. With its membership in the UN
Global Compact, Steakholder Foods is committed to act in support of
issues embodied in the United Nations Sustainable Development Goals
(SDGs) which include strengthening food security, decreasing carbon
footprint, and conserving water and land resources.
For more information, please visit:
https://steakholderfoods.com
Forward-Looking Statements
This press release contains forward-looking statements
concerning Steakholder Foods' business, operations and financial
performance and condition as well as plans, objectives, and
expectations for Steakholder Foods' business operations and
financial performance and condition. Any statements that are not
historical facts may be deemed to be forward-looking statements.
Forward-looking statements reflect Steakholder Foods' current views
with respect to future events and are based on assumptions and
subject to known and unknown risks and uncertainties, which change
over time, and other factors that may cause Steakholder Foods'
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and are typically identified
with words such as "may," "could," "should," "will," "would,"
"believe," "anticipate," "estimate," "expect," "aim," "intend,"
"plan" or words or phases of similar meaning and include, without
limitation, Steakholder Foods' expectations regarding the success
of its cultured meat manufacturing technologies it is developing,
which will require significant additional work before Steakholder
Foods can potentially launch commercial sales; Steakholder Foods'
research and development activities associated with technologies
for cultured meat manufacturing, including three-dimensional meat
production, which involves a lengthy and complex process;
Steakholder Foods' ability to obtain and enforce its intellectual
property rights and to operate its business without infringing,
misappropriating, or otherwise violating the intellectual property
rights and proprietary technology of third parties; and other risks
and uncertainties, including those identified in Steakholder Foods'
Annual Report on Form 20-F for the fiscal year ended December 31, 2021, filed with the Securities and
Exchange Commission on March 24,
2022. New risks and uncertainties may emerge from time to
time, and it is not possible for Steakholder Foods to predict their
occurrence or how they will affect Steakholder Foods. If one or
more of the factors affecting Steakholder Foods' forward-looking
information and statements proves incorrect, then Steakholder
Foods' actual results, performance or achievements could differ
materially from those expressed in, or implied by, forward-looking
information and statements contained in this press release.
Therefore, Steakholder Foods cautions you not to place undue
reliance on its forward-looking information and statements.
Steakholder Foods disclaims any duty to revise or update the
forward-looking statements, whether written or oral, to reflect
actual results or changes in the factors affecting the
forward-looking statements, except as specifically required by
law.
Press Contact:
Maissa Dauriac
Rainier Communications
mdauriac@rainierco.com
Investor Contacts:
Mor Glotter-Nov
Steakholder Foods
info@steakholderfoods.com
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SOURCE Steakholder Foods Ltd.