HAMILTON, Mont., March 21,
2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:
LOCL, LOCL WS) ("Local Bounti" or the "Company"), a breakthrough
U.S. indoor agriculture company combining the best aspects of
vertical and greenhouse growing technologies, today announced that
Jennifer Carr-Smith has been
appointed to the Company's Board of Directors ("Board") and will
serve on the Compensation Committee of the Board, in each case
effective May 15, 2023. In connection
with this appointment, the Board will be increased from 6 to 7
directors.
Ms. Carr-Smith has served as President of JCS Advisory Services,
LLC, a firm providing advisory services to high-growth companies in
the consumer space since April 2018.
Since July 2021, Ms. Carr-Smith has
served as the Co-Founder and President of Athena Consumer
Acquisition Corp., a company formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization, or similar business combination with one or more
businesses. Previously, Ms. Carr-Smith was General Manager/Senior
Vice President North America Local of Groupon, Inc., Chief
Executive Officer/President of Peapod Online Grocer, LLC, and Chief
Operating Officer of each of J. Crew Direct, giggle, and Gilt.com.
Ms. Carr-Smith is Chair of the Board of Blue Apron Holding, Inc., a
Non-Executive Director of Woolworths Group and is a member of
the Board of Directors of several private companies. Ms. Carr-Smith
holds a B.A. degree in economics from Brown
University and an M.B.A. degree from Harvard Business School.
Craig Hurlbert, Co-CEO and Board
Chair of Local Bounti, stated, "We are very excited to announce the
appointment of Jennifer to our Board. Jennifer is an
extremely seasoned executive with a strong track record of
operational leadership across many high-growth organizations.
We look forward to her contributions and insights as we continue to
drive consumer penetration of the Local Bounti brand and leverage
our national footprint."
About Local Bounti
Local Bounti is redefining indoor farming with an innovative
method – its proprietary Stack & Flow Technology™ – that
significantly improves crop turns, increases output and improves
unit economics. Local Bounti operates advanced indoor growing
facilities across the United
States, servicing approximately 10,000 retail doors with its
two brands: Local Bounti® and Pete's®. Local
Bounti grows healthy food utilizing a hybrid approach that
integrates the best attributes of controlled environment
agriculture with natural elements. Local Bounti's sustainable
growing methods are better for the planet, using 90% less land and
90% less water than conventional farming methods. With a mission to
'bring our farm to your kitchen in the fewest food miles possible,'
Local Bounti's food is fresher, more nutritious, and lasts longer
than traditional agriculture. To find out more, visit
localbounti.com or follow Local Bounti on LinkedIn for the latest
news and developments.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the federal
securities laws. Forward-looking statements generally relate to
future events and in some cases, you can identify forward-looking
statements by terminology such as "intends," "plans," and "will,"
or the negative of these terms or variations of them or similar
terminology. Such forward-looking statements are based on current
management expectations. Although management believes that the
expectations reflected in these forward-looking statements are
reasonable, whether actual results and developments will conform
with our expectations and predictions is subject to a number of
risks and uncertainties. The Company believes these factors include
but are not limited to those described under the heading "Risk
Factors" in the Company's Annual Report on Form 10-K for the year
ended December 31, 2021, as updated
by our Quarterly Report on Form 10-Q for the quarters ended
March 31, June
30, and September 30, 2022,
and in other filings that the Company has made and may make with
the Securities and Exchange Commission in the future. All of the
forward-looking statements made in this press release are qualified
by these cautionary statements. You should not place undue reliance
on these forward-looking statements, which are made only as of the
date of this press release. The Company undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/local-bounti-welcomes-jennifer-carr-smith-to-its-board-of-directors-301777027.html
SOURCE Local Bounti