Planet Based Foods Announces New Management and Board Changes
Rhea-AI Summary
Planet Based Foods Global Inc. (PBFFF) has announced significant changes to its executive leadership team and board of directors. Sigal Shapira has been appointed as CEO, President, and Director, bringing nearly 20 years of international business experience in trade, marketing, and business development. Emrah Petorak joins as CFO, while Evelyne Batamuliza and Lauren Camp have been appointed to the Board, with Batamuliza serving as Chairwoman. The new appointments coincide with the departure of Theodore Cash Llewellyn from his positions as CEO and Interim CFO, along with Kevin Vines' resignation from the Board. The company aims to focus on providing sustainable food ingredients and empowering women-led farming communities globally.
Positive
- Appointment of experienced CEO with 20 years of international business expertise
- Strengthened corporate governance with addition of two independent directors
- Enhanced financial oversight with dedicated CFO appointment
- Strategic focus on sustainable agriculture and AI solutions for manufacturers
Negative
- Significant management turnover with departure of CEO/CFO and board members
- Potential disruption in business continuity during leadership transition
News Market Reaction
On the day this news was published, PBFFF declined 42.89%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2025) - Planet Based Foods Global Inc. (CSE: PBF) (OTC Pink: PBFFF) (FSE: AZ00) (the "Company"), a company that offers a diverse portfolio of sustainable food ingredients and innovative plant-based solutions, is pleased to announce several changes to its executive leadership team and board of directors (the "Board"), effective immediately.
Sigal Shapira has been named the Chief Executive Officer, President, and Director. Sigal is an accomplished international business professional with nearly 20 years of experience in trade, marketing, project management, and business development across diverse industries, specializing in turn-key project execution, high-value deal negotiations, and global market expansion. With a BA in finance, an MBA in marketing and international business, Sigal successfully led operations and teams across Europe, the Americas, and Asia. She is fluent in English and Hebrew and brings strong cross-cultural communication, strategic thinking, and a commitment to sustainable, value-driven trade practices. Emrah Petorak joins the company as Chief Financial Officer, poised to contribute his financial acumen to support the company's strategic goals.
We are thrilled to welcome Evelyne Batamuliza and Lauren Camp to the Board, with Ms. Batamuliza serving as Chairwoman. Ms. Batamuliza and Ms. Camp join as independent directors and will also contribute their expertise to the audit committee. Their appointments reflect our commitment to strengthening governance with diverse perspectives and robust oversight.
As part of this transition, Theodore Cash Llewellyn is stepping down from his current positions as Chief Executive Officer and Interim Chief Financial Officer. Kevin Vines and Theodore Cash Llewellyn are resigning from the Board. The Company extends its sincere gratitude to each of them for their service and contributions.
Sigal Shapira, Chief Executive Officer and President, stated, "I'm honored to step into the role of President and CEO at Planet Based Foods Global Inc. This is an exciting period for us to be involved in the global food industry by providing high-quality food ingredients sourced globally, especially through empowering women-led farming communities around the world. I look forward to working with our professional team in developing the company's new vision; promoting sustainable agriculture by providing the world with plant-based products that are beneficial to the ecosystems and regenerative agriculture, together with our efforts in providing AI solutions to manufacturers and growers."
About Planet Based Foods Global Inc.
The Company is dedicated to advancing the plant-based food industry through a diverse portfolio of sustainable food ingredients and innovative plant-based solutions that prioritize quality and environmental responsibility. Planet Based Foods Global Inc. is committed to upholding the highest standards of sustainability and fostering equitable partnerships that empower communities worldwide. With a focus on creativity and integrity, the Company provides products that align with evolving consumer values and contribute to a more sustainable food ecosystem.
Additional information about the Company is available on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board
Sigal Shapira
CEO and President
Contact:
info@planetbasedfoods.com
Forward-Looking Statements
Certain statements included in this news release may constitute "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include those identified by the expressions "anticipate", "assume" "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events.
These statements reflect the Company's current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, development of the industry in which the Company operates; risks associated with the conduct of the Company's business activities; risks relating to reliance on the Company's management team and outside contractors; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; laws and regulations governing the industry in which the Company operates; operating or technical difficulties; employee relations, labour unrest or unavailability; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and other risk factors disclosed in the Company's public disclosure documents available on the Company's profile at www.sedarplus.ca.
Readers are cautioned against attributing undue certainty to forward-looking statements or forward- looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. The Company does not intend and does not assume any obligation to update these forward-looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information other than as required by applicable law.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250691
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