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Tech-pushed Vertical Farming enterprise Kalera declares New CFO Fernando Cornejo | EX0-104 exam Cram and Cheatsheet

Mr. Cornejo’s extensive history in company finance, strategic planning, expertise, and investment banking will help Kalera abruptly and sustainably extend.

ORLANDO, Fla., July 20, 2020 (GLOBE NEWSWIRE) -- these days, technology-pushed vertical farming company Kalera announced the appointment of Fernando Cornejo as Chief financial Officer. Cornejo brings with him an extensive history in corporate finance, strategic planning, expertise, and funding banking. He should be based mostly out of Kalera’s Orlando, Florida headquarters.

Fernando held an identical roles at Argo neighborhood (NYSE: ARGO), the place he become section CFO and due to this fact CFO for EXIN neighborhood, a economic capabilities company. Mr. Cornejo oversaw company finance, cost administration, monetary planning and evaluation, capital constitution optimization, M&A, risk management, accounting, and company method.

previous to his function as CFO, Mr. Cornejo became an investment banker for companies akin to Citibank, credit score Suisse, and bear Stearns the place he carried out a number of transactions together with financings, mergers and acquisitions, and capital raisings together with preliminary Public choices. Mr. Cornejo has a B.S. in Industrial Engineering from ITESM and a grasp of company Administration from Georgetown institution.

“I couldn’t be extra overjoyed to welcome Fernando to Kalera, where he'll create value immediately as they proceed to extend their operations,” said Daniel Malechuk, Chief govt Officer of Kalera. “Fernando brings more than twenty years of experience in different businesses with core knowledge leading finance and accounting operations while enabling businesses to achieve fast and sustainable growth.”

Mr. Cornejo stated, “I appear ahead to joining Kalera’s leadership team and leading its finance operations to make a contribution to Kalera’s future success as the business hurries up increase and progresses to the subsequent phase of its method.”

Mr. Cornejo will lead Kalera’s fiscal operations, accounting, and investor relations. he will document without delay to Mr. Malechuk.

Kalera has skilled large boom in fresh months, with plans of its new turning out to be facility in Atlanta introduced most effective months after opening its facility in Orlando. Kalera additionally introduced ultimate week that it will open a vertical farm in Houston in Spring of 2021. Its Orlando facility is presently the only largest indoor vertical farm in the Southeastern u.s., and the Atlanta facility may be even larger. The Houston vertical farming facility could be the largest in Texas.

primary to Kalera’s enterprise is decent science. The company is planting non-GMO seed, and over the last a number of years has perfected plant and data science-pushed methods to naturally optimize the factors that make plants thrive. Kalera manages these natural factors in a way that makes flora reach their maximum talents, ensuing in the best quality produce, grown locally with consistent excessive yields yr-circular.

through the use of a closed-loop irrigation device, Kalera’s vegetation develop while ingesting ninety five% much less water in comparison to container farming. while a head of lettuce grown in a container may also use as a good deal as 60 gallons of water, Kalera’s systems influence in a healthier plant with below five gallons.

The company makes use of cleanroom technology and techniques to dispose of using chemical substances and take away publicity to pathogens. With indoor facilities centered right where the demand is, Kalera is in a position to provide an abundance of produce in the neighborhood, putting off the deserve to travel lengthy distances when delivery perishable items and ensuring the very best quality and freshness.

About Kalera

Kalera is a know-how pushed vertical farming company with unique turning out to be methods combining optimized nutrients and light recipes, exact environmental controls, and clean room specifications to produce protected, enormously nutritious, pesticide-free, non-GMO vegetables with consistent high fine and longer shelf lifestyles yr-round. The enterprise’s excessive-yield, automated, records-driven hydroponic production facilities had been designed for quick rollout with business-leading payback instances to grow greens quicker, cleaner, at a reduce cost, and with less environmental affect.

Elka KarlPhone: 510-508-7328Email: elka@dadascope.com

a photograph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ceb2c7db-fe52-40e8-9a45-06d52eb25e0e

 


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