Landec Appoints New Chief Financial Officer
January 19 2021 - 8:00AM
Landec Corporation (Nasdaq: LNDC), a diversified health and
wellness company with two operating businesses, Curation Foods,
Inc. and Lifecore Biomedical, Inc., today announced the appointment
of John D. Morberg as Chief Financial Officer, effective January
18, 2021. Mr. Morberg succeeds Brian McLaughlin, Landec’s current
Chief Financial Officer, who has retired. Mr. Morberg will report
to Landec’s President and Chief Executive Officer, Dr. Albert
Bolles, and will oversee the Company’s finance, legal and investor
relations functions.
Dr. Bolles stated, “We are excited to welcome John as our new
Chief Financial Officer. He brings tremendous strategic and
financial capabilities that we believe will be key as we continue
to deliver improvements and advance our growth agenda, and to seek
to position the company for resilience and profitability. He is
well-aligned with our culture and will be a strong addition to
Landec’s executive management team.” Dr. Bolles added, “I would
also like to thank Brian McLaughlin for all of his contributions to
the company and wish him well in his retirement.”
Mr. Morberg brings over 25 years of corporate finance and
executive leadership experience with both public and private
companies, including as a CEO, CFO, general counsel and board
member. Most recently, he was CFO and General Counsel for BL
Restaurant Holdings, LLC, a national restaurant chain. Previously,
over a ten-year tenure at Garden Fresh Restaurant Corp, he held
various roles, including as the CEO, CFO and board member. He also
served as CFO of DEI Holdings, Inc., through its initial public
offering and through the early stages of being a public company,
and worked for eight-years as Vice President and Controller of
PETCO. Mr. Morberg began his career at KPMG.
Mr. Morberg has a Juris Doctor from the University of the
Pacific, McGeorge School of Law and a BBA, Accounting from the
University of San Diego. He is a member of the State Bar of
California and holds a CPA license (inactive).
“I am excited to assume the CFO role at Landec to help the
company continue executing its strategic plan, accelerate growth
and deliver value to shareholders,” said Mr. Morberg. “I look
forward to partnering with the leadership team and the entire
company on this journey.”
About Landec Corporation
Landec Corporation (NASDAQ: LNDC) is a leading innovator of
diversified health and wellness solutions with two operating
businesses: Curation Foods, Inc. and Lifecore Biomedical, Inc.
Landec designs, develops, manufactures and sells products for the
food and biopharmaceutical industry. Curation Foods is focused on
innovating and distributing plant-based foods with 100% clean
ingredients to retail, club and foodservice channels throughout
North America. Curation Foods is able to maximize product freshness
through its geographically dispersed family of growers,
refrigerated supply chain and patented BreatheWay® packaging
technology. Curation Foods brands include Eat Smart® fresh
packaged vegetables and salads, O Olive Oil &
Vinegar® premium artisan products and Yucatan® and Cabo Fresh®
avocado products. Lifecore Biomedical is a fully integrated
contract development and manufacturing organization (CDMO) that
offers highly differentiated capabilities in the development, fill
and finish of sterile injectable pharmaceutical products in
syringes and vials. As a leading manufacturer of premium,
injectable grade Hyaluronic Acid, Lifecore brings 35 years of
expertise as a partner for global and emerging biopharmaceutical
and biotechnology companies across multiple therapeutic categories
to bring their innovations to market. For more information about
the Company, visit Landec’s website at www.landec.com.
Contact
Information: |
|
Investor
Relations: |
Jeff Sonnek |
(646) 277-1263 |
Jeff.sonnek@icrinc.com |
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