SAN FRANCISCO– TerraVia (NASDAQ: TVIA), a pioneer in algae innovation and a food, nutrition and specialty ingredients company, announced today that co-founder, Chairman and previous Chief Executive Officer Jonathan Wolfson has informed the Company’s Board of Directors that after more than thirteen years in a leadership role, he is stepping down as Chairman of the Board, effective immediately. The Board has appointed Irene Chang Britt, a food industry veteran and current Board member, as the new Chairperson of the TerraVia Board of Directors.
“TerraVia’s platform of algae ingredients is uniquely positioned to address the increasing global demand for better nutrition and sustainability.”
Britt, former President of Pepperidge Farm, has a deep food industry background that includes key operating roles at Campbell Soup Company, Kraft Foods, and Nabisco. She joined TerraVia’s Board of Directors a year ago as we announced our transition to a food, nutrition and specialty ingredients company.
Mr. Wolfson has agreed to remain on the Board. “Irene is a rock-star in the food world and I am thrilled to be handing her the reins as Board Chair, she is exactly what we need moving forward,” said Mr. Wolfson.
“The perspective Irene has brought as a food industry veteran has been invaluable to the Board and to the Company,” said Apu Mody, CEO of TerraVia. “I’m looking forward to working more closely with Irene in her new role and delighted that Jonathan has agreed to remain on the Board.”
“I look forward to taking on the Chairperson role and lending my expertise as TerraVia focuses on food, nutrition and specialty ingredients,” said Irene Chang Britt. “TerraVia’s platform of algae ingredients is uniquely positioned to address the increasing global demand for better nutrition and sustainability.”
TerraVia Holdings, Inc. is a plant-based food, nutrition and specialty ingredients company that harnesses the power of algae, the mother of all plants and earth’s original superfood. With a portfolio of breakthrough ingredients and manufacturing, the Company is well positioned to help meet the growing need of consumer packaged goods and established and emerging food manufacturers to improve the nutritional profile of foods without sacrificing taste, and to develop select consumer brands. The Company also manufactures a range of specialty personal care ingredients for key strategic partners. Headquartered in South San Francisco, the Company’s mission is to create products that are truly better for people and better for the planet. For additional information, please visit TerraVia’s website at www.terravia.com.