Smart for Life Names Darren C. Minton Chief Executive Officer
Smart for Life has appointed Darren C. Minton as CEO, transitioning from his role as President since 2017. A seasoned executive with over 15 years in capital markets, Minton's expertise spans operational management and acquisitions. His appointment comes after Ryan Zackon resigned as CEO to pursue other interests, with acknowledgment of his contributions during his tenure, particularly the company's IPO. Smart for Life aims to expand through its 'buy-and-build' strategy, targeting $300 million in revenue from acquisitions over the next three years.
- Darren C. Minton appointed as CEO, bringing over 15 years of capital markets experience.
- Smart for Life aims for $300 million in revenue through acquisitions in the next 36 months.
- Previous CEO Ryan Zackon resigned, which may cause temporary leadership instability.
Mr. Minton Has Served as President Since 2017
MIAMI, May 05, 2022 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leading developer, marketer, and manufacturer of nutritional and related products, announced today that it has named Darren C. Minton, the Company’s current President, as Chief Executive Officer. The announcement was made by A.J. Cervantes, Jr., Smart for Life’s Chairman.
Mr. Minton has served as President since September 2017 and as a member of the board of directors since November 2018. Mr. Minton also serves as President of the Company’s subsidiary Bonne Sante Natural Manufacturing, Inc., where he manages day-to-day manufacturing operations. Mr. Minton has more than 15 years of capital markets experience in both small and large organizations. Over the years, his capacities have ranged from various executive positions, including president and chief executive officer positions, at entrepreneurial ventures to established roles reporting to public company boards, with significant leadership and team building skills.
“I have worked with Darren for over twelve years and during that time I have developed enormous respect for his capabilities which range from highly developed analytical skills to hands-on operational expertise,” noted Mr. Cervantes. “In addition, as a key member of our M&A team, he will be instrumental in driving successful acquisition opportunities to completion and optimizing financial results.”
In prior experience, Mr. Minton served as President and CEO of Trilogy Capital Partners, a private equity group in New York, the Co-Founder and Executive Vice President at Staffing 360 Solutions, Inc., Analyst at Mesa West Capital, a privately held portfolio lender headquartered in Los Angeles, as well as First Republic Bank in Palo Alto, California. Mr. Minton is a graduate of Stanford University with a degree in Economics.
Smart for Life also announced that Ryan Zackon, the Company’s former CEO and director, has resigned as to pursue other interests. Mr. Cervantes stated, “Ryan has been instrumental in creating the successes that Smart for Life has accomplished during his tenure as CEO, highlighted by our Initial Public Offering. Ryan will be missed by the Smart for Life team, and we wish him well.”
Watch Smart for Life’s corporate video featuring Darren Minton, CEO here: https://smartforlifecorp.com/darren-minton.
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and related products with an emphasis on health and wellness. Structured as a global holding company, the Company is executing a buy-and-build strategy with serial accretive acquisitions creating a vertically integrated company with an objective of aggregating companies generating a minimum of
Video regarding the Company’s manufacturing facility at Bonne Santé Natural Manufacturing is available at: www.bonnesantemanufacturing.com/video.
Investor material and a Fact Sheet with additional information about Smart for Life is available at: www.smartforlifecorp.com/investor-center.
Forward-Looking Statements
This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.
Disclaimer
The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.
Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3b837104-5852-472f-800e-59737e67096b
FAQ
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