Seneca Foods Names New Director
12 Novembre 2021 - 10:20PM
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced the
Board of Directors (the “Board”) of Seneca Foods Corporation (the
“Company”) has appointed Kraig H. Kayser as a member of the Board
effective November 10, 2021. Mr. Kayser will fill a current vacancy
resulting from the passing of the Company’s Founder and Chairman,
Arthur S. Wolcott. As a result of Mr. Kayser’s appointment, the
size of the Board will remain unchanged at nine members and Mr.
Kayser will serve in the Class of Directors with a term expiring in
2023.The Board also appointed Mr. Kayser as non-executive Chairman
of the Board.
Mr. Kayser is the former President and Chief
Executive Officer of the Company, serving in this role from 1993 to
his retirement from the position in 2020. From 1991 to 1993, he was
the Company’s Chief Financial Officer. Additionally, Mr. Kayser
previously served as a member of the Company’s Board beginning in
1985 up until to his retirement from the Board in 2020. Mr. Kayser
is also a director of Moog Inc. where he serves as Chair of the
Audit Committee and a member of the Nominating and Governance
Committee. Mr. Kayser is currently serving on the Board of Trustees
of Cornell University. He received a B.A. from Hamilton College and
an M.B.A. from Cornell University.
“We are pleased to announce that Kraig will be
rejoining the Board. His extensive knowledge of the Company and the
Industry will be invaluable as we explore opportunities for the
future.” stated Paul Palmby, President and Chief Executive
Officer
About Seneca Foods Corporation
Seneca Foods is one of North America’s leading
providers of packaged fruits and vegetables, with facilities
located throughout the United States. Its high quality products are
primarily sourced from over 1,600 American farms. Seneca holds the
largest share of the retail private label, food service, and export
canned vegetable markets, distributing to over 90
countries. Products are also sold under the highly
regarded brands of Libby’s®, Aunt Nellie’s®, Green Valley®,
CherryMan®, READ®, and Seneca labels, including Seneca snack
chips. Seneca’s common stock is traded on the Nasdaq Global
Select Market under the symbols “SENEA” and “SENEB”. SENEA is
included in the S&P SmallCap 600, Russell 2000 and Russell 3000
indices.
Contact: Timothy J. Benjamin, Chief Financial
Officer 315-926-8100
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