Botaneco Announces Appointment of CEO
May 30 2012 - 9:00AM
PR Newswire (Canada)
Successful Entrepreneur and Investor to Lead Growth of
Company QUEBEC CITY, May 30, 2012 /CNW/ - Botaneco Corp.
("Botaneco") , a health science company focused on natural
proprietary ingredients in the cosmetic and food industries, today
announces the appointment of Michelle Scarborough as Chief
Executive Officer ("CEO") of the Corporation effective
immediately. Michelle has held a cross section of executive
roles in public and private sector organizations, positioning these
companies to achieve significant milestones, investment and
growth. She is currently Managing Partner of SMART Ventures,
LP, a fund that invests in cleantech, energy, ICT and related
sectors "We are excited that Michelle is joining Botaneco in a
senior leadership capacity," stated Aki Georgacacos, current CEO of
Botaneco. "Her long track record of success, exceptional
leadership, interpersonal and organizational skills, along with
strong ties to the investment community, will guide Botaneco
through the upcoming stages of development and beyond." Mr.
Georgacacos will remain on the Board of Directors and will be in an
advisory capacity to assist in the implementation of the
Corporations strategic plan. Aki is currently a managing
partner at Avrio Capital, a lead investor in Botaneco. "Botaneco
has excellent proprietary technology in the personal healthcare /
cosmetic and food industry. This is evident by the existing
partnerships and over 300 products in the market place where
Botaneco's technology is used" stated Ms. Scarborough. "The
company is poised for exceptional growth and I look forward to
leveraging my experience and connections in the business and
investment community in order to maximize shareholder value for
this very promising organization." About Michelle Scarborough
Over the past 20 years Michelle has been an entrepreneur and
built successful companies from the ground up. To foster the
growth in early stage companies, she designed and built a business
accelerator in Ontario whose portfolio of companies raised close to
$100 million in investment over a four year period. Active in
the investment community, she also established the Ontario Emerging
Technology Fund, a $250 million early stage fund and founded the
Capital Angel Network. She also founded and continues to champion
the Canada's Top 10 Competition (www.topcanadiancompanies.com),
which identifies and celebrates some of the best investment
opportunities in Canada. To date these companies have raised more
than $700 million in capital. Michelle graduated from the
University of Calgary with dual bachelor designations in Science
and Communications. She is a 2008 Top 40 Under 40 Award
Recipient and is Chair of the National Angel Capital Organization
in Canada. She is a regular speaker at conferences and in the
media on topics related to early stage investment,
commercialization and building global business from the early
stage. About Botaneco Corp. Botaneco is a global developer and
marketer of innovative technologies that help manufacturers meet
the consumers growing demand for natural, environmentally friendly,
personal healthcare products. A competitive advantage to
Botaneco's patented technology over traditional products in the
'green sector' is the ability to significantly enhance the
performance and versatility of these skin and hair care
products. The company has also been awarded the Canadian
Agri-Food Award of Excellence for its flaxseed technology marketed
in the natural food industry. Botaneco holds patents for its
Hydresia® Oleosome, Vegetable Oil Gel, Dermylex® Whey Protein and
Flaxseed De-hulling technology. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Botaneco Corp.
CONTACT: Murray BruceCFOBotaneco Corp.(403)
668-4612brucem@botaneco.ca Kevin Richardson, PhDPresident &
CEONewplanet Inc(204) 899-3868Kevin@newplanetinc.ca
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