Salvatore Zizza Named to Bion's Board of Directors

Rhea-AI Summary

Bion Environmental Technologies, Inc. (OTC QB: BNET) announced the appointment of Salvatore Zizza to its Board of Directors, effective February 15, 2023. Mr. Zizza brings extensive experience in institutional finance and public company practices. He will establish and chair the Audit Committee and other governance committees to meet national exchange listing requirements. His previous roles include serving as a director for multiple NYSE-traded funds and as Chairman of advanced material science firm BAM. Bion aims to leverage Zizza's expertise to enhance its sustainability efforts in the livestock industry.

Positive

• Salvatore Zizza's experience in institutional finance may strengthen Bion's governance and financial strategies.
• Zizza's prior involvement with Bion could ensure continuity and understanding of the company's objectives.

Negative

• Concerns may arise regarding the continuity of leadership, given Zizza's prior absence from Bion's operations between 2008 and 2023.

NEW YORK, Feb. 6, 2023 /PRNewswire/ -- Bion Environmental Technologies, Inc. (OTC QB: BNET), a developer of advanced livestock waste treatment technology and premium sustainable beef, announced today that Salvatore Zizza will join Bion's Board of Directors, effective February 15, 2023.

As a Board member, Mr. Zizza brings decades of experience in institutional finance, commerce, and public company practices. In addition to serving as an independent Board Member, Mr. Zizza will help implement governance procedures that include establishing and chairing the Audit Committee (and other committees) that will be set up during the next 30-60 days so that Bion meets the requirements of a listing on a national exchange.

Mr. Zizza is currently a Director of 19 funds in the Gabelli Asset Management and GAMCO Investors, Inc. fund families, including several that trade on the NYSE. He serves as Chairman of Bergen Cove Realty Inc., with substantial holdings in residential real estate, and as Director and Chairman of Trans-Lux Corporation, a full-service provider of integrated multimedia systems for today's communications environments.

Mr. Zizza is a retired Chairman of BAM, an advanced material science company that provides carbonization, graphitization, pyrolysis, carbon vapor deposition, and other high temperature processing services for semiconductor, aerospace, military, environmental, and other specialized applications. From 1985 to 1997, he was Chairman and CEO of the LVI Group, Inc., an NYSE-listed firm. Mr. Zizza previously served Bion in a senior management role between 2005 and 2008.

Mr. Zizza said, "I am excited to return and help Bion achieve success, not just for its shareholders, but also livestock producers, the consumer, and the planet. My hat is off to the Bion team, both for their vision and perseverance. The timing of the Gen3Tech system development coincides with a growing awareness of the need for all industries to reduce their carbon and pollution footprints and improve overall sustainability.  I look forward to contributing to those efforts by expanding the experience and expertise of the Board of Directors as the company positions itself for growth."

Bill O'Neill said, "We are glad to add Sal's wide-ranging corporate experience to our team as we move forward with commercialization of our technology and business model. We expect his institutional background to prove invaluable as we begin to structure, finance, and develop the large-scale joint ventures that will be required to deliver true sustainability to the beef and livestock industries."

About Bion: Bion's patented third generation technology (Gen3Tech) was designed to largely mitigate the environmental impacts of large-scale livestock production, increase its resource efficiencies, and deliver a USDA-certified sustainable product to the consumer. The platform simultaneously prevents pollution to air, water, and soil, while recovering high-value organic fertilizer coproducts and renewable energy that increase revenues. Bion's Gen3Tech platform can create a pathway to true economic and environmental sustainability with 'win-win' benefits for a premium sector of the $175 billion U.S. livestock industry and the consumer. For more information, see Bion's website at https://bionenviro.com.  

This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words 'will', 'expect', 'look forward (to)', and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes.

View original content:https://www.prnewswire.com/news-releases/salvatore-zizza-named-to-bions-board-of-directors-301739077.html

SOURCE Bion Environmental Technologies, Inc.

FAQ

Who is Salvatore Zizza and what is his role at Bion Environmental Technologies?

Salvatore Zizza is a newly appointed Board member effective February 15, 2023, bringing extensive experience in finance and governance.

What impact will Salvatore Zizza have on Bion Environmental Technologies?

His experience is expected to enhance governance and assist in structuring large-scale joint ventures for sustainability.

What are the goals of Bion Environmental Technologies under Salvatore Zizza’s governance?

Bion aims to improve sustainability in livestock production and meet national exchange listing requirements.