MENLO PARK, Calif., May 14, 2014 (GLOBE NEWSWIRE) — Landec Corporation (Nasdaq:LNDC), a materials science Company that develops and markets innovative and patented products for healthy living applications in food and biomedical markets, announced that Albert D. Bolles, Ph.D., Executive Vice President, Chief Technical and Operations Officer at ConAgra Foods Inc., in Omaha, Nebraska, has been named a director of Landec Corporation. Dr. Bolles’ appointment to the Board raises the total number of Board members to ten, eight of whom are outside independent Board members.
Dr. Bolles leads the Research, Quality & Innovation and Supply Chain organizations for ConAgra Foods, which is one of North America’s largest packaged food companies. The company’s portfolio includes iconic consumer brands such as Hunt’s, Chef Boyardee and Reddi-wip, plus the largest private brand package food business in North America, and a strong commercial and foodservice business. Dr. Bolles has been with ConAgra, an $18 billion food company, since 2006 and reports directly to the CEO. Dr. Bolles has led innovation programs for multiple new products, generating incremental sales and a multi-year pipeline to sustain and advance future growth. In advancing innovation at ConAgra, Dr. Bolles developed two external scientific advisory boards comprised of nationally recognized leaders to shape strategy and create industry leadership for ConAgra in Health & Wellness and Food Safety. As an industry partner with the FDA and USDA on influencing and crafting public policy that benefits consumers, Dr. Bolles was instrumental in the passage of the Food Safety Modernization Act in 2010. Dr. Bolles holds six patents. He is a graduate of Michigan State University with a B.S. in Microbiology plus an M.S. and Ph.D. in Food Science.
Gary Steele, Chairman and CEO of Landec Corporation, commented, “We are very pleased with the addition of Dr. Bolles to the Landec Board of Directors. We value Dr. Bolles’ proven track record for blending great science with consumer and business needs across diverse food and beverage categories. We recognize his extensive experience and expertise in creating technically innovative food products by integrating consumer marketing with research and product development. In addition to his notable accomplishments at ConAgra, Dr. Bolles has held senior research and development management positions at PepsiCo Beverages and Foods, as Senior Vice President of Worldwide Research and Development, and at Tropicana Products Inc., as Senior Vice President of Global Technology and Quality and as Chief Technical Officer.”
Dr. Bolles said, “Landec’s focus on ‘Innovations for Healthy Living’ is consistent with my experience in creating an industry leadership position for ConAgra in Health & Wellness and Food Safety. I look forward to working with the Board and management to advance Landec’s business strategy of developing new products with competitive advantages while driving new category development and growth.”
About Landec Corporation
Landec Corporation is a materials science company that leverages its proprietary polymer technologies, application development and innovation capabilities to develop and commercialize new products in food and biomaterials markets. Landec’s subsidiary, Apio, has become the leader in US fresh-cut specialty packaged vegetables sold in North America based on combining Landec’s proprietary food packaging technology and the strength of two major national brands, Eat Smart® and GreenLine®, with the capabilities of large scale processing and national distribution. Lifecore Biomedical, a subsidiary of Landec, is a premium supplier of hyaluronan-based materials and medical products to ophthalmic, orthopedic and veterinary markets worldwide. In addition, Lifecore Biomedical provides specialized aseptic fill and finish services in a cGMP validated manufacturing facility for supplying commercial, clinical and pre-clinical products. For more information about the Company, visit Landec’s website at www.landec.com.
CONTACT: At the Company: Gregory S. Skinner Vice President Finance and CFO (650) 261-3677 Investor Relations: Matt Glover or Michael Koehler (949) 574-3860 LNDC@liolios.com