Curtis McWilliams Elected as Chairman of Kalera
25 Março 2022 - 4:42PM
Kalera AS (“Kalera” or the “Company”) (Euronext Growth Oslo: KAL,
Bloomberg: KSLLF), one of the preeminent leafy green vertical
farming companies and a leader in plant science for producing
high-quality produce in controlled environments, today announced
that Curtis McWilliams will become Chairman of the Board upon the
completion of its previously announced merger with its Luxembourg
subsidiary Kalera S.A. (the "LuxCo merger"), which is expected to
be completed in April. McWilliams is currently serving as Interim
CEO of Kalera while Heidrick & Struggles continues to make
progress in its search for a permanent CEO. That search is
progressing well. McWilliams will relinquish his Interim CEO role
once the permanent CEO is in place.
“Curtis is the ideal candidate to serve as
Chairman of Kalera’s board”, said Kim Lopdrup, a Kalera Director.
“Curtis has extensive experience in leading the boards of several
U.S. public companies and, given his service as Interim CEO of
Kalera, he understands Kalera’s story at an intimate level. He has
developed strong trust and followership among employees, business
partners, and investors.”
“I am very excited about this opportunity,” said
McWilliams. “While Kalera offers a portfolio of incredible products
and technology, its greatest asset is the knowledge and proven
execution the management team contributes to our business. They
have an unwavering commitment to achieving our vision of growing
the freshest, cleanest, most nutritious leafy greens for people
around the globe.”
McWilliams is a veteran executive with over 25
years of experience in finance and Real Estate. He currently serves
as Non-Executive Chairman of Ardmore Shipping Corporation (NYSE:
ASC), as a Director of Braemar Hotels and Resorts (NYSE: BHR), and
as a Director of Modiv, Inc. (NYSE: MDV). In November, he was
elected to join Kalera’s board upon the closing of the LuxCo merger
which was previously announced. He has chosen not to stand for
re-election to the board of Braemar Hotels and Resorts when his
current term expires.
McWilliams retired as President and CEO of CNL
Real Estate Advisors, Inc. in 2010. He previously served on
numerous other boards and held various executive leadership roles
including as a Managing Director in the investment banking industry
with Merrill Lynch & Co., where he facilitated a number of
major transactions. He earned an MBA with a concentration in
Finance from the University of Chicago and a Bachelor of Science in
Engineering degree from Princeton University.
McWilliams was proposed to join Kalera’s board
on June 28, 2021; elected to the board on November 1, 2021 with
effect from completion of the LuxCo merger; and appointed Interim
CEO on December 9, 2021.
Lopdrup was previously proposed and elected as
Kalera’s next Chairman, but he has informed Kalera’s Board that
some recent personal developments will make it impossible for him
to continue giving Kalera the time and attention the company needs
and deserves. Lopdrup said, “I have greatly enjoyed my time on
Kalera’s Board. The company grows the best leafy greens I have ever
tasted. They are ultra-fresh, ultra-clean and ultra-sustainable.
The employees are amazing, too. I am sad that I will not be able to
actively participate in the next phase of the Company’s journey,
but I will continue to cheer the team on as they implement their
exciting plans and will forever be a loyal customer.”
About Kalera: Kalera is a
vertical farming company headquartered in Orlando, Florida. Kalera
uses technology to ensure that more people around the world have
access to the freshest, most nutritious, and cleanest products
available. It has spent several years optimizing plant nutrient
formulas and developing an advanced automation and data acquisition
system with Internet of Things, cloud, big data analytics and
artificial intelligence capabilities. Kalera currently operates
farms in the US (in Orlando, Florida; Atlanta, Georgia; Houston,
Texas and Denver, Colorado), as well as in Kuwait. Additional farms
are under development. More information is available
at www.kalera.com.
Media Contact:Kathleen
Komarzeckkomarzec@lambert.com(616) 916-4092
Investor Relations Contact:Eric
Birgeir@kalera.com313-309-9500
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