August 4, 2009
NutraCea announces additions to management team
NutraCea has announced three key personnel moves to further support and strengthen the management team of the company.
Chief operating officer Leo Gingras has extended his employment contract for three years through June, 2012. Gingras reports to John Short, President of NutraCea and will partner with Short to lead the tactical and strategic repositioning of the business.
Eliseu Batista is also appointed as Executive Vice President, Latin America, effective August 3, 2009. Batista will dual report to Leo Gingras for operational responsibilities and to John Short for strategic matters. His initial focus will be on continued improvement and sales growth at the company's Brazilian rice oil manufacturing facility, Irgovel and to lead the development of a tactical and strategic business plan for all of Brazil and Latin America.
William Cadigan has been appointed as Vice President of Finance effective July 27, 2009. Cadigan will report to John Short and will have direct responsibility for all financial and administrative matters of the company. Following the completion of the company's 10K and 10Q filings, Cadigan is expected to be appointed Chief Financial Officer of NutraCea.
Short said strengthening the existing management team will help NutraCea accelerate a refocusing of the business on core competencies and quickly exist non-core businesses.
NutraCea is a world leader in production and utilization of stabilised rice bran, which has been approved by the USDA as an enhancer to food companies that prepared pulverised meat and poultry products.