Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), a
leading provider of innovative cultivation and extraction solutions
for the cannabis industry, today announced three leadership changes
to support sustainable long-term growth initiatives:
- David Kessler, who joined Agrify in
2020 as Vice President of Horticulture & Customer Success, has
been promoted to Executive Vice President (EVP), Chief Science
Officer and General Manager -- Cultivation Division.
- Brian Towns, who joined Agrify with
the acquisition of Precision Extraction Solutions in 2021, has been
promoted to Executive Vice President (EVP) and General Manager --
Extraction Division.
- Sheryl Elliott, who joined Agrify in
2020 as the Director of Human Resources, has been promoted to
Senior Vice President (SVP) of Human Resources.
- Stuart Wilcox, who joined Agrify as
a Board Member in 2021, and then as Chief Operating Officer (COO)
in 2022, has resigned to pursue other ventures.
“We are excited to announce these leadership changes as we work
to support our strategic plan,” said Raymond Chang, Chairman and
Chief Executive Officer of Agrify. “David Kessler has been integral
to the development of Cultivation at Agrify. His extensive
experience and horticultural expertise drives Company innovation.
As an industry leader, we are thrilled to have David move into the
EVP role where he can continue to grow the Company’s standing as a
leading solution provider in the cannabis industry.”
“As Senior Vice President of Operations, Brian Towns’ strong
leadership and mentorship skills have strengthened the Sales Team.
Since assuming the role, he has quickly overhauled processes and
expectations and I am confident that with his expanded role he will
have an even greater impact, scaling the Company’s ability to
deliver strong financial and operational performance over the long
term.”
“Sheryl Elliott has been an integral part of our team’s personal
and professional growth, spearheading efforts through six
acquisitions. Our team recognizes the value Sheryl brings to the
company every day.”
Mr. Chang concluded, “We are grateful for Stuart Wilcox’s
contributions to the Company over the past two years initially as a
Board Member and later as COO. We wish him continued success in all
his future endeavors.”
About David Kessler
Mr. Kessler has been with Agrify for three years and has over 20
years of cannabis cultivation experience including 10 years of CEA
(closed environmental agriculture) indoor farm design. Mr. Kessler
has also worked as a consultant to Universities and the Hollywood
film industry, working on several blockbuster Hollywood films
including: The Hunger Games, The Divergent film franchise, and
Marvel’s Black Panther. In addition, Mr. Kessler has served as a
product tester for well-known lighting companies and has worked
with independent third-party laboratories to provide unbiased
testing data comparing the performance of a multitude of
horticultural lighting manufacturers. Mr. Kessler has been an
invaluable member of the Agrify leadership team.
About Brian Towns
Mr. Towns started at Precision Extraction in 2016 as the
Warehouse Operations Manager, quickly climbing the ranks to Plant
Operations Manager and, ultimately, Director of Operations. Shortly
after Precision Extraction was acquired by Agrify in 2021, Mr.
Towns was promoted to Vice President of Operations at Agrify before
assuming the Senior Vice President of Operations role in March
2023. As VP of Operations and, later, SVP of Operations, Mr. Towns
has streamlined sales processes while providing strong leadership
and mentoring to the sales team.
About Sheryl Elliott
Mrs. Elliott has been with Agrify for three years and has over
20 years of human resource management leadership experience. Mrs.
Elliott’s HR experience includes private, public, domestic, global,
startup, and established environments. Mrs. Elliott has a wealth of
experience in various industries including cannabis, high tech,
software, and manufacturing.
Mrs. Elliott led the Agrify team of employees through six
acquisitions and an Initial Public Offering. Mrs. Elliott coaches
the Agrify team to help foster personal and professional growth
which brings tremendous value to the organization.
About Agrify (Nasdaq:AGFY)
Agrify is a leading provider of innovative cultivation and
extraction solutions for the cannabis industry, bringing data,
science, and technology to the forefront of the market. Our
proprietary micro-environment-controlled Vertical Farming Units
(VFUs) enable cultivators to produce high quality products with
unmatched consistency, yield, and ROI at scale. Our comprehensive
extraction product line, which includes hydrocarbon, ethanol,
solventless, post-processing, and lab equipment, empowers producers
to maximize the quantity and quality of extract required for
premium concentrates. For more information, please visit Agrify at
http://www.agrify.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning Agrify and other matters. All statements contained in
this press release that do not relate to matters of historical fact
should be considered forward-looking statements including, without
limitation, statements regarding Agrify’s ability to deliver
solutions and services, including the development of new solutions.
In some cases, you can identify forward-looking statements by terms
such as "may," "will," "should," "expects," "plans," "anticipates,"
"could," "intends," "targets," "projects," "contemplates,"
"believes," "estimates," "predicts," "potential" or "continue" or
the negative of these terms or other similar expressions. The
forward-looking statements in this press release are only
predictions. Agrify has based these forward-looking statements
largely on its current expectations and projections about future
events and financial trends that it believes may affect its
business, financial condition and results of operations.
Forward-looking statements involve known and unknown risks,
uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. You should carefully
consider the risks and uncertainties that affect our business,
including those described in our filings with the Securities and
Exchange Commission (“SEC”), including under the caption “Risk
Factors” in our Annual Report on Form 10-K filed for the year ended
December 31, 2021 with the SEC, which can be obtained on the SEC
website at www.sec.gov. These forward-looking statements speak only
as of the date of this communication. Except as required by
applicable law, we do not plan to publicly update or revise any
forward-looking statements, whether as a result of any new
information, future events or otherwise. You are advised, however,
to consult any further disclosures we make on related subjects in
our public announcements and filings with the SEC.
Company Contacts
Investor Relations Inquiries
Caitlin Moakley BrickerChief of
Staffcaitlin.moakley@agrify.com
(617) 733-0584
Media Inquiries
Rachel SoulsbyVice President of Marketing
rachel.soulsby@agrify.com(978) 660-9125
Source: Agrify
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