Marrone Bio Appoints Sue Cheung New Chief Fiscal Officer

George T. Taft

DAVIS, Calif., Jan. 28, 2021 (Globe NEWSWIRE) — Marrone Bio Innovations, Inc. (NASDAQ: MBII), an global leader in offering growers with sustainable bioprotection and plant well being solutions to help global agricultural demands, introduced right now that Suping (Sue) Cheung has been appointed chief financial officer, powerful Feb. 18, 2021. She succeeds James Boyd, who earlier declared his intention to retire.

Cheung, a certified community accountant, provides to Marrone Bio 28 a long time of practical experience in international strategic and monetary operations, which includes financial reporting, forecasting and budgeting mergers and acquisitions fairness and personal debt funding interior controls and trader relations. Most not long ago, she was the chief fiscal officer for QuickLogic Corporation (NASDAQ: QUIK) for 5 decades, and company controller in the eight a long time before that promotion. Prior to QuickLogic, she has held senior roles at the two publicly traded and privately held organizations in accounting, finance and operational administration, and started her career as an auditor and tax consultant at PricewaterhouseCoopers (PwC).

“We are delighted to have Sue sign up for our management group, and glance forward to her contributions to accelerating our world advancement,” mentioned Chief Govt Officer Kevin Helash. “Sue’s worldwide working experience is the perfect healthy for Marrone Bio as we go after a array of possibilities to cement our leadership in agricultural biologicals, even though efficiently controlling charges and driving towards profitability.”

“I am excited to join Marrone Bio at this crucial juncture in the company’s evolution, and to carry forward its initiatives to travel operational excellence, world expansion and greater shareholder price,” Cheung claimed. “Together, we have the chance to speed up our path to profitability and fully produce on the assure of our technologies and our pipeline.”

As CFO, Cheung will lead Marrone Bio’s global finance corporation and will be accountable for accounting, treasury, tax, money scheduling and assessment, details know-how and investor relations. She will be a member of the company’s govt management group.&#13

Cheung is a graduate of Soochow University with a bachelor’s degree in economic management, and retains a master’s in accounting and a doctorate in enterprise administration, each from Florida Global University. She also concluded the executive program at the Stanford University Graduate School of Business.

About Marrone Bio Innovations

Marrone Bio Innovations Inc. (NASDAQ: MBII) is a progress-oriented corporation major the movement to a additional sustainable globe via the discovery, progress and sale of progressive organic goods for crop security, plant wellbeing and waterway methods treatment that assist prospects function more sustainably even though raising their return on expense. MBI has screened over 18,000 microorganisms and 350 plant extracts, leveraging its in-depth understanding of plant and soil microbiomes increased by state-of-the-art molecular systems and all-natural item chemistry to fast build 7 merchandise lines. Supported by a strong portfolio of around 400 issued and pending patents, MBI’s at the moment available business goods are Regalia®, Stargus®, Grandevo®, Venerate®, Majestene®, Haven®, Pacesetter™, Zelto® Jet Oxide® and Jet Ag® and Zequanox®, with a next-technology insecticide-nematicide, a breakthrough bioherbicide and a biofumigant in the Company’s merchandise pipeline. MBI’s Professional Farm Finland-dependent subsidiary employs a proprietary technological innovation derived from wooden waste to stimulate plant development and make improvements to plant health and fitness, resulting in enhanced yields and crop top quality. Products and solutions consist of UBP™ 110, Foramin®, UBP™ Seed Cure, Foramin® ST.

Find out much more about Marrone Bio Innovations at www.marronebio.com. We also use our investor relations web-site, https://investors.marronebio.com, as properly as our corporate Twitter account, @Marronebio, as implies of disclosing materials non-community details, and inspire our buyers and others to monitor and review the information we make public in these places. Observe us on social media: Twitter, LinkedIn and Instagram.

Marrone Bio Improvements Forward Looking Statements&#13

This press release consists of ahead-searching statements that require significant dangers and uncertainties. All statements, other than statements of historical facts, provided in this push launch about technique, long run operations and programs, together with assumptions fundamental this sort of statements, are ahead-seeking statements, and ought to not be relied on as representing MBI’s views as of any subsequent day. Examples of these types of statements incorporate statements with regards to the timing of Cheung’s employment and the company’s targets for potential overall performance. These kinds of forward-looking statements are primarily based on info offered to the Company as of the date of this launch and include a variety of challenges and uncertainties, some beyond the Company’s command, that could lead to genuine effects to differ materially from individuals predicted by these forward-searching statements, which includes the current uncertainty in the world overall economy and business-precise economic climate brought on by the COVID-19 pandemic, buyer, regulatory and other factors impacting desire for the Company’s merchandise, weather, regulatory and other variables influencing demand for the MBI’s products, any issue in advertising MBI’s solutions in its focus on marketplaces, competitiveness in the market place for pest management merchandise, deficiency of understanding of bio-based pest management goods by consumers and growers, and adverse decisions by regulatory companies and other related 3rd events. Supplemental information that could direct to material alterations in MBI’s effectiveness is contained in its filings with the SEC. MBI is beneath no obligation to, and expressly disclaims any duty to, update or alter forward-on the lookout statements contained in this launch, regardless of whether as a outcome of present facts, foreseeable future occasions or in any other case.

Marrone Bio Innovations Contacts:

Clyde Montevirgen, VP of Organization Improvement & Trader Relations
Telephone: +1 (530) 750-2800
E-mail: [email protected]

Trader Relations Get hold of:

Lucas A. Zimmerman
Senior Vice President
MZ Team – MZ North The us
Main: 949-259-4987
[email protected]
www.mzgroup.us


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