Materials Science Company Footprint Appoints Hilla Sferruzza to Board of Directors

Rhea-AI Summary

Footprint, Inc. has appointed Hilla Sferruzza as an independent board member. Sferruzza has extensive experience in finance, having served as CFO of Meritage Homes Corporation since 2016, and was previously with Starwood Hotels and KPMG. Her expertise is seen as vital for Footprint's growth, particularly in sustainability and innovation in reducing single-use plastics. The company underscores its commitment to eco-friendly solutions, having redirected 61 million pounds of plastic waste globally. Footprint continues to expand its operations across various regions.

Positive

• Appointment of Hilla Sferruzza adds strategic experience to the board.
• Sferruzza's background in finance and sustainability aligns with Footprint's mission.
• Company's efforts have redirected 61 million pounds of plastic waste globally.
• Expansion into new categories with unique, patented solutions.

Negative

• None.

GILBERT, Ariz.--(BUSINESS WIRE)-- Footprint, Inc., a global materials science technology company focused on creating a healthier planet, announced today it has appointed Hilla Sferruzza as an independent member of its board of directors. Sferruzza has been the chief financial officer and executive VP for Meritage Homes Corporation (NYSE:MTH) since 2016 and its chief accounting officer and SVP, corporate controller since 2008. Prior to Meritage, she served in various management roles at Starwood Hotels and Resorts Worldwide, Inc. (NYSE:HOT), subsequently acquired by Marriott International, and as a public auditor for KPMG.

Footprint, Inc., a global materials science technology company focused on creating a healthier planet, appointed Hilla Sferruzza as an independent member of its board of directors. (Photo: Business Wire)

“I’m honored to join Footprint’s already strong and diverse board as the company continues to innovate to help companies move away from harmful single-use plastics,” Sferruzza said. “I’m passionate about sustainability and believe it’s the future for companies looking for both top- and bottom-line impact. I’m impressed with what Troy, Yoke and the team have accomplished in seven short years working with global customers and look forward to contributing as an independent board member.”

“We continue to add extensive experience and diversity to our board and Hilla has breadth and depth in strategic operations, finance and external transactions that will be vital to Footprint’s next phase of growth,” said Footprint Chairman of the Board Don Thompson.

“Footprint’s rich board expertise, combined with our talented senior leadership team and deep bench of engineers, position the company well for developing strategies and execution plans to meet record demand for plant-based solutions that address the plastic disaster,” said Footprint Co-Founder and CEO Troy Swope. “We’re pleased to welcome Hilla to the team.”

Background on Hilla Sferruzza

Ms. Sferruzza is a Certified Public Accountant in the state of Arizona and is a member of the American Institute of CPAs, Arizona Society of CPAs, the National Association of Professional Women and Financial Executive International (“FEI”) and was voted Arizona Businesswoman of the Year – Real Estate in 2011 and CFO of the Year (FEI’s Arizona Chapter) in 2019. She earned her Executive Masters of Business Administration from Washington State University and her Bachelors of Science in Business Administration with an Accounting and Journalism emphasis from the University of Arizona. She is a frequent guest speaker at industry events and a commentator and contributor for various podcasts and finance and technology publications and has served as a board member for not-for-profit organizations and foundations. She is currently a member of the Arizona State University’s W.P. Carey School of Business Dean’s Council and Finance Advisory Board.

About Footprint

Footprint has a clear vision to create a healthier planet and healthier people. Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. Footprint’s team of engineers use plant-based fiber technology to design, develop and manufacture biodegradable, compostable, and recyclable products that compete with plastic’s cost and exceed its performance, keeping harmful chemicals away from consumers in materials digestible by the earth. Footprint is rapidly expanding into new categories with unique and patented solutions for customers. Footprint’s products have already led to a global redirection of 61 million pounds of plastic waste from entering the air, earth, and waterways working with leading global consumer brands.

Footprint was founded in 2014 by former Intel engineers, Troy Swope and Yoke Chung. The company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. Footprint was named to the 2020 Fortune “Change the World” list in 2020, is a member of the World Economic Forum’s Global Innovators Community and was named a CNBC Disruptor 50 company in 2021.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005261/en/

Heather Knox

SVP Communications, Footprint

Heather.knox@footprintus.com

+1 (425) 295-5967

IR@footprintus.com

media@footprintus.com

Source: Footprint, Inc.

FAQ

Who is Hilla Sferruzza and what is her role at Footprint?

Hilla Sferruzza has been appointed as an independent board member at Footprint. She has extensive financial experience and previously served as CFO of Meritage Homes Corporation.

What impact might Hilla Sferruzza's appointment have on Footprint?

Her experience in finance and sustainability is expected to strengthen Footprint's strategic direction and support its growth initiatives.

What is Footprint's mission regarding plastic waste?

Footprint aims to eliminate single-use plastics in the food chain and has already redirected 61 million pounds of plastic waste from the environment.

What are Footprint's future plans after Hilla Sferruzza's appointment?

Footprint plans to leverage its board's expertise and expand its patented, plant-based solutions addressing sustainability challenges.