Organto Adds Industry Veteran Joost Verrest to Board of Directors

Rhea-AI Summary

Organto Foods Inc. (OTC PINK:OGOFF) announced the appointment of Joost Verrest to its board of directors, pending TSX Venture Exchange approval. With over 20 years of experience in developing sustainable businesses in global fruits and vegetables and consumer packaged goods, Verrest has a proven track record of transforming companies. His tenure includes leadership roles at Total Produce Direct BV and Chiquita Brands, enhancing market presence and brand value. This strategic addition aims to enhance Organto's capabilities in meeting growing demand for organic produce while adhering to sustainable practices.

Positive

• Joost Verrest brings over 20 years of industry experience to Organto.
• His expertise in transforming businesses can enhance Organto's market strategies.
• Expected contribution to Organto's goal of leading in organic fruits and vegetables.

Negative

• None.

Adds Extensive Consumer Packaged Goods and Markets Expertise

VANCOUVER, BC / ACCESSWIRE / September 8, 2020 / Organto Foods Inc. (TSXV:OGO)(OTC PINK:OGOFF)(FSE:OGF) ("Organto" or "the Company"), a leading provider of fresh organic and specialty fruits and vegetables is pleased to announce that Joost Verrest, a seasoned executive with over twenty years of experience in developing impactful and sustainable businesses, has been appointed to the Organto board of directors, subject to approval of required documentation by the TSX Venture Exchange.

Mr. Verrest brings extensive strategic global fruits and vegetables and consumer packaged goods experience to Organto, from both a supply chain and go-to-market perspective. During his career he served as CEO of Total Produce Direct BV, where he restructured their European Exotic Fruits and Vegetables Division from an internally focused trading company to a growing retail company with value-added branded product offerings. He was also responsible for the European fresh fruit division of Chiquita Brands where he led the transformation of the European trading division to a consumer-driven Chiquita branded business. In addition, he spent time with Green Protein BV, a company focused on utilizing vegetable by-products to enhance consumer goods with plant-based proteins in both Europe and North America and with Sara Lee and Fromagerie Bel. Mr. Verrest is fluent in Dutch, English and French, resides in The Netherlands and has a Master's Degree in Economics and Bachelor's Degree in Business Administration.

"We are extremely pleased to have Joost join the board at this exciting time in Organto's history. His deep understanding of our markets, customers, products and supply chains, combined with a history of transforming businesses by turning strategy into action will be invaluable for our organization." commented Steve Bromley, Chair and Interim CEO. "Our business continues to expand as demand for healthy foods grows globally, and we are most pleased that Joost will be able to contribute to our vision of being a leading global provider of fresh organic fruits and vegetables utilizing an integrated business model that is trusted for driving equitable returns to all parties in the value chain. " added Mr. Bromley.

ON BEHALF OF THE BOARD,

Steve Bromley
Chair and Interim Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For more information contact:

Investor Relations
604-634-0970
1-888-818-1364
info@organto.com

ABOUT ORGANTO

Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders. Organto is an integrated provider of branded, private label and bulk distributed organic and non-GMO fruit and vegetable products using an asset-light business model to serve a growing socially responsible and health conscious consumer around the globe.

FORWARD LOOKING STATEMENTS

This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation, this news release contains forward-looking statements respecting Organto's business model and markets; Organto's vison of being a leading global provider of fresh organic fruits and vegetables utilizing an integrated business model, trusted for driving equitable returns to all parties in the value chain; Organto's belief that Joost Verrest's deep understanding of the Company's markets, customers, products and supply chains will be invaluable for the organization; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto's business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavorable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors and partners. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.

SOURCE: Organto Foods Inc.

View source version on accesswire.com:
https://www.accesswire.com/604813/Organto-Adds-Industry-Veteran-Joost-Verrest-to-Board-of-Directors

FAQ

Who is Joost Verrest and what experience does he bring to Organto?

Joost Verrest is a seasoned executive with over 20 years in the global fruits and vegetables sector, having held leadership roles in companies like Total Produce Direct BV and Chiquita Brands.

What impact could Joost Verrest's appointment have on Organto's business?

His extensive market and operational expertise could significantly improve Organto's strategic initiatives and ability to meet increasing demand for organic produce.

When was Joost Verrest appointed to the Organto board of directors?

Joost Verrest's appointment was announced on September 8, 2020, pending TSX Venture Exchange approval.