Amira Nature Foods Ltd. Appoints Hervé Larren as New Board Member, Bringing Experience in Building Brands Internationally, a...
January 08 2019 - 8:00AM
Business Wire
Amira Nature Foods Ltd. (the "Company") (NYSE: ANFI) approved
the appointment of Hervé Larren as an independent director of the
company on the 24th May 2018.
“On behalf of the Company, I want to welcome Mr. Larren to the
Amira team,” said Karan A. Chanana, Amira’s President and
Chief Executive Officer.
“I am honored to join the Board of Directors at Amira. The
Company is a proven leader in their industry and I look forward to
working with Karan and the Amira team in the continued success of
this company founded over a century ago,” said Hervé
Larren.
Hervé Larren, 39, is the co-founder of Global Crypto Ventures, a
leading company involved in cryptocurrency and blockchain
technology investments. Mr. Larren is also a partner at Geneva
based blockchain advisory firm Dybaw Advisory where he helps
businesses leverage the blockchain technology. Mr. Larren is also a
speaker on the subject of Bitcoin and Blockchain.
Prior to receiving his MBA, Mr. Larren worked as a brand manager
at LVMH Moet Hennessy – Louis Vuitton SE (EPA: MC) where he gained
experience building luxury brands in the US. Prior to LVMH, Mr.
Larren held analyst experience at Pernod Ricard (EPA: RI) in France
and internationally.
Mr. Larren attended the Harvard Business School’s Presidents’
Seminar, received his MBA from Columbia Business School and his BBA
in International Business and Finance from Concordia University.
Mr. Larren graduated from the Lycée Pasteur in France with honors.
He has been a YPO member since 2012.
About Amira Nature Foods Ltd.
Founded in 1915, Amira has evolved into a leading global
manufacturer, marketer and distributor of branded packaged
specialty rice and other related food products, with sales across
five continents around the world. The Company generates the
majority of its revenue through the sale of Basmati rice, a premium
long-grain variety of rice grown only in the geographically
indicated region of the Indian sub-continent, as well as other
specialty rice. It sells its products under its flagship Amira
brand, as well as other Company owned brands and third-party
brands. The Company expanded its product offerings in recent years
to include other value-add categories such as edible oils and
organics. The Company also sells other products such as wheat,
barley, legumes and other produce to large institutional customers.
The Company’s fourth generation leadership has built on a rich,
century-old legacy and transformed Amira from a local family-run
business to a publicly listed, globally focused packaged food
company with a global leadership position in the high growth
Basmati rice sector. Amira sells its products through a broad
distribution network in both the developed and emerging markets.
The Company’s global headquarters are in Dubai, United
Arab Emirates, and it also has offices
in India, Malaysia, Singapore, Germany,
the United Kingdom, and the United States. Amira
Nature Foods Ltd. is listed on the New York Stock
Exchange (NYSE) under the ticker symbol “ANFI.”
For more information, please visit www.amira.net
Forward-Looking Statements
This Press Release by Amira Nature Foods, Ltd. (the “Company”)
contains statements of a forward-looking nature. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements by words or phrases such as “may,”
“will,” “except,” “anticipate,” “aim,” “estimate,” “intend,”
“plan,” “believe,” “is/are likely to,” “future” or other similar
expressions. We have based these forward-looking statements largely
on the Company’s current expectations and projections about future
events and financial trends that the Company believes may affect
the Company’s financial condition, results of operations, business
strategy and financial needs. There is no assurance that the
Company’s current expectations and projections are accurate. These
forward-looking statements include, but are not limited to risks
and uncertainties involving the Company including that: (i) the
Company’s intends to satisfy the NYSE’s standard listing
deficiency, (ii) under NYSE rules, the Company has six months from
receipt of the notification to comply with the NYSE listing
standards; (iii) that the Company can regain compliance at any time
during this six-month period by bringing its share price and
30-trading-day average share price back over $1.00; (iv) that the
Company’s shares will continue to be listed on the NYSE, subject to
compliance with other continued listing requirements, and (v) that
the Company will remain listed on the NYSE are forward-looking
statements within the meaning of the Safe Harbor. All
forward-looking statements in this press release are based on
information available to the Company on the date hereof. These
statements involve known and unknown risks, uncertainties and other
factors that may cause the Company’s actual results to differ
materially from those implied by the forward-looking statements.
More detailed information about these risk factors are set forth in
the Company’s filings with the Securities and Exchange Commission,
including, but not limited to, those risks and uncertainties listed
in the section entitled “Risk Factors,” in the Company’s Annual
Report on Form 20-F filed with the Securities and Exchange
Commission on October 16, 2018. The Company operates in a
rapidly evolving environment. New risk factors emerge from time to
time, and it is impossible for the Company’s management to predict
all risk factors, nor can the Company assess the impact of all
factors on Company’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ from
those contained in any forward-looking statement. The Company does
not undertake any obligation to update or revise the
forward-looking statements except as required under applicable
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190108005114/en/
Varun Sethi, Chief Financial
OfficerVarun.Sethi@theamiragroup.com
Amira Nature Foods (NYSE:ANFI)
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