Marrone Bio Innovations’ CEO to Retire
Marrone Bio Innovations,Inc. , based in Davis, California, has announced that company founder Pamela Marrone will retire from her position as chief executive officer.
The company’s board of directors has begun the search process for a new CEO. Marrone will continue as CEO during the search process, and she and Board Chairman Bob Woods will shepherd the transition process until the new CEO is retained.
Marrone will continue to serve on the company’s board of directors as a non-executive member. Following her retirement, she also will serve as a consultant to Marrone Bio to advocate for the company and its mission, and to provide transition services and other support.
Under Marrone’s leadership, the company commercialized 10 products from six active ingredients, three of which received top industry awards for “best biopesticide.” The company has received nearly 400 patents with another 100 pending.
“Today, we stand stronger than ever as a company with a world-class team in place and an unmatched product portfolio, aided by our recent transformational acquisitions,” said Marrone. “After 14 years as CEO, this is an ideal time for me to serve Marrone Bio in a different, advisory capacity as the company enters its next phase of growth and drives meaningful, long-term shareholder value.
“We’ve successfully brought science-based biological solutions to farmers and changed the perception of the entire biological category,” she added. “I’m confident that this transition will prove fruitful as the company flourishes into a larger, more mature and profitable company. On behalf of the entire management team and board of directors, I’d like to thank our dedicated employees, customers and shareholders.”
Learn more about Marrone Bio Innovations at www.marronebio.com.