TerraVia appoints former Mars Food president as its next CEO

TerraVia appoints former Mars Food president as its next CEO

4:58 AM, 9th August 2016
TerraVia appoints former Mars Food president as its next CEO

SOUTH SAN FRANCISCO, US: TerraVia Holdings Inc (TVIA) has appointed Apu Mody, former president of Mars Food America, as its next CEO and a member of the board of directors, effective on or about 22 August.

Current co-founder, chairman and CEO Jonathan Wolfson will continue to serve as CEO until 22 August, and will then assume the role of executive chairman.

Mody brings over 25 years of experience and a strong record of financial success and innovation in the consumer packaged goods (CPG), retail and restaurant sectors. Most recently, as president of Mars Food America, he was responsible for a significant turnaround of the business covering the US, Canada, Brazil and the Middle East, eventually creating the fastest growing region for Mars Food.

While at Mars, Apu served on the executive committee and board of directors of the GMA (grocery manufacturers of America).

“TerraVia is lucky, and I am personally thrilled to have Apu lead our next phase of growth and to establish TerraVia as a leader in plant-based food and nutrition based on our groundbreaking algae ingredients. His experience at both Fortune 50 companies and in early stage ventures make him the ideal choice to accelerate commercialization and growth of the movement around algae-based foods,” said Jonathan Wolfson.

“I believe there are opportunities across the grocery store driven by accelerating demand for plant based foods and nutrition. And with TerraVia's unique portfolio of ingredients that provide better nutrition and sustainability with outstanding taste, the Company is on the verge of great things. I look forward to leading the team and realizing our mission of making a difference for both people and the planet,” said Apu Mody.

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