SANTA MARIA, Calif., Jan. 19, 2021 (GLOBE NEWSWIRE) — Landec Company (Nasdaq: LNDC), a diversified well being and wellness firm with two working companies, Curation Meals, Inc. and Lifecore Biomedical, Inc., as we speak introduced the appointment of John D. Morberg as Chief Monetary Officer, efficient January 18, 2021. Mr. Morberg succeeds Brian McLaughlin, Landec’s present Chief Monetary Officer, who has retired. Mr. Morberg will report back to Landec’s President and Chief Govt Officer, Dr. Albert Bolles, and can oversee the Firm’s finance, authorized and investor relations capabilities.
Dr. Bolles said, “We’re excited to welcome John as our new Chief Monetary Officer. He brings large strategic and monetary capabilities that we imagine shall be key as we proceed to ship enhancements and advance our progress agenda, and to hunt to place the corporate for resilience and profitability. He’s well-aligned with our tradition and shall be a powerful addition to Landec’s govt administration staff.” Dr. Bolles added, “I’d additionally wish to thank Brian McLaughlin for all of his contributions to the corporate and want him nicely in his retirement.”
Mr. Morberg brings over 25 years of company finance and govt management expertise with each private and non-private corporations, together with as a CEO, CFO, normal counsel and board member. Most not too long ago, he was CFO and Common Counsel for BL Restaurant Holdings, LLC, a nationwide restaurant chain. Beforehand, over a ten-year tenure at Backyard Contemporary Restaurant Corp, he held varied roles, together with because the CEO, CFO and board member. He additionally served as CFO of DEI Holdings, Inc., via its preliminary public providing and thru the early levels of being a public firm, and labored for eight-years as Vice President and Controller of PETCO. Mr. Morberg started his profession at KPMG.
Mr. Morberg has a Juris Physician from the College of the Pacific, McGeorge College of Regulation and a BBA, Accounting from the College of San Diego. He’s a member of the State Bar of California and holds a CPA license (inactive).
“I’m excited to imagine the CFO function at Landec to assist the corporate proceed executing its strategic plan, speed up progress and ship worth to shareholders,” mentioned Mr. Morberg. “I sit up for partnering with the management staff and the whole firm on this journey.”
About Landec Company
Landec Company (NASDAQ: LNDC) is a number one innovator of diversified well being and wellness options with two working companies: Curation Meals, Inc. and Lifecore Biomedical, Inc. Landec designs, develops, manufactures and sells merchandise for the meals and biopharmaceutical trade. Curation Meals is targeted on innovating and distributing plant-based meals with 100% clear substances to retail, membership and foodservice channels all through North America. Curation Meals is ready to maximize product freshness via its geographically dispersed household of growers, refrigerated provide chain and patented BreatheWay® packaging know-how. Curation Meals manufacturers embrace Eat Sensible® contemporary packaged greens and salads, O Olive Oil & Vinegar® premium artisan merchandise and Yucatan® and Cabo Contemporary® avocado merchandise. Lifecore Biomedical is a totally built-in contract improvement and manufacturing group (CDMO) that gives extremely differentiated capabilities within the improvement, fill and end of sterile injectable pharmaceutical merchandise in syringes and vials. As a number one producer of premium, injectable grade Hyaluronic Acid, Lifecore brings 35 years of experience as a companion for international and rising biopharmaceutical and biotechnology corporations throughout a number of therapeutic classes to convey their improvements to market. For extra details about the Firm, go to Landec’s web site at www.landec.com.