Organto Appoints Steve Bromley as Chair of the Board
Vancouver, B.C. (FSCwire) - Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto”), is pleased to announce that the Board of Directors of Organto has elected Steve Bromley to succeed Robert Giustra as Chair, with effect from October 10th, 2017. Mr. Giustra will continue to serve as a director, having been re-elected at the Annual General Meeting held on September 27, 2017, and will also continue to serve as a member of Organto’s Audit Committee.
Robert Giustra, outgoing Chair commented, “Steve Bromley brings broad global executive food industry experience and a strategic acumen to Organto. Working with him over much of this past year, I’ve seen first-hand his tireless work ethic and an operational and financial rigor that leaves me with no-doubt that he will effectively oversee Organto’s growth and deliver significant value for shareholders. Steve is an outstanding choice as Chairman of the Board, and I wish him every success in the role.”
Steve Bromley, incoming Chair commented, “I am honored to assume the Chair position and want to thank Robert, the Board of Directors and shareholders for their confidence and support. I am very excited by the market opportunity for healthy foods products and Organto’s positioning as a vertically integrated, year-round supplier of branded organic value-added vegetable products.”
Mr. Bromley was appointed as Strategic Advisor to the CEO and Board of Directors of Organto in May 2017, focused on strategic development, business execution, risk management and governance matters, and in September 2017 he was appointed to the Board. He brings over 30 years of food industry experience to Organto, having served as CEO and a Director of SunOpta Inc. from 2007-2015. SunOpta is a global leader in non-GMO, organic and specialty foods with revenues in excess of $1 billion, substantial manufacturing and integrated supply operations, and a diverse global customer base. Mr. Bromley joined SunOpta in 2001 as CFO and served in that role until 2004 when he was appointed President and COO, through to his appointment as CEO. Prior to joining SunOpta, Mr. Bromley spent 15 years in the dairy and meat industries and four years in public accounting.
About Organto
Organto is a vertically integrated provider of year-round value-added branded organic produce serving a growing socially responsible and health conscious consumer around the globe. Organto employs a business model that is integrated from the “table to the field”. Driven by consumer demand for healthy and organic food products, it operates an integrated business model with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field. Operations are currently located in Guatemala, the Netherlands and the USA, as well as secured third-party supply from Africa and Peru, with plans to continue to expand year-round supply capabilities via strategic third-party growers and processors in Africa, Mexico and other growing regions. Organto’s business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.
ON BEHALF OF THE BOARD,
Arnoud Maas
CEO
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
For more information contact:
Investor Relations
604-634-0970
1-888-818-1364
info@organto.com
This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). In particular, and without limitation this news release contains forward-looking statements with regards to overseeing Organto’s growth, building-out of Organto’s vertically integrated organic vegetable supply platform, and creating shareholder value. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto’s business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, partners and joint venturers. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Organto10162017.pdf
Source: Organto Foods Inc. (TSX Venture:OGO, OTC Pink:OGOFF)
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