Pivot Bio Names Robert Houghton Chief Financial Officer

Rhea-AI Summary

Pivot Bio (PVTB) appoints Robert Houghton as Chief Financial Officer, bringing 30 years of financial and accounting experience to the sustainable agriculture company. Houghton replaces Doug Jeffries and is expected to drive strong financial results for the company, leveraging his experience on Wall Street and in global finance organizations. His appointment comes at a crucial time as Pivot Bio focuses on its strategic and global evolution as a sustainable agriculture company.

BERKELEY, Calif.--(BUSINESS WIRE)-- Pivot Bio, a leading sustainable agriculture company, today announced the appointment of Robert Houghton as the company’s chief financial officer. Houghton will oversee corporate finance, treasury, financial planning and analysis, tax, accounting, investor relations, internal audit, risk management and the company’s capital market strategy. He replaces Doug Jeffries, who served as Pivot Bio’s chief financial officer until his retirement last year.

“Bob has an outstanding reputation for driving strong financial results for global companies, bringing nearly 30 years of financial and accounting experience to our organization,” said Chris Abbott, chief executive officer, Pivot Bio. “He has significant experience on Wall Street with a deep understanding of the public markets, which comes at an important time for Pivot Bio as we focus on our continued evolution as a strategic and increasingly global sustainable agriculture company.”

Houghton most recently held the position of executive vice president and chief financial officer of Life Time Group Holdings (NYSE: LTH), where he led the company’s global finance organization, which encompassed all finance functions, including controllership and tax, financial planning and analysis, investor relations, treasury, internal audit, and pricing strategy.

Prior to Life Time Group Holdings, Houghton served in finance leadership roles at United Natural Foods, C.H. Robinson and Sherwin-Williams. In addition, he spent 15 years at General Mills in various finance roles, including director of investor relations, and began his career in finance at International Paper.

Houghton earned a Master of Business Administration in finance from the University of Minnesota’s Carlson School of Management and a bachelor’s degree from Washington University in St. Louis, Missouri.

He will be based out of the company’s Wayzata, Minnesota office.

About Pivot Bio

Founded in 2011, Pivot Bio is a leading sustainable agriculture company delivering farmers patented crop nutrition technologies that harness the power of nature to reliably and productively grow the food the world needs in the face of increasing volatility. Synthetic nitrogen is one of agriculture’s leading contributors to global greenhouse gas emissions. Our products are a breakthrough innovation and among the industry’s most promising climate solutions because they deliver nitrogen to plants without the negative impacts of synthetic fertilizer. Our nitrogen is weatherproof, safer to handle, and does not leach or contribute to nitrous oxide pollution. By making this possible for the first time at scale, Pivot Bio is upending the 190 billion USD nitrogen market. For more information, visit PivotBio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240108293836/en/

Media Contact:

Mitchell Craft

mcraft@pivotbio.com

405-473-4553

Source: Pivot Bio

FAQ

Who is the new chief financial officer of Pivot Bio?

Robert Houghton is the new chief financial officer of Pivot Bio.

What is the ticker symbol for Pivot Bio?

The ticker symbol for Pivot Bio is PVTB.

What are Robert Houghton's qualifications and experience?

Robert Houghton brings nearly 30 years of financial and accounting experience, with previous roles at Life Time Group Holdings, United Natural Foods, C.H. Robinson, Sherwin-Williams, and General Mills.

What is the educational background of Robert Houghton?

Robert Houghton earned a Master of Business Administration in finance from the University of Minnesota’s Carlson School of Management and a bachelor’s degree from Washington University in St. Louis, Missouri.

Where will Robert Houghton be based?

Robert Houghton will be based out of the company’s Wayzata, Minnesota office.