Brazilian Agribusiness Executive Joins Ceres Board of Directors
THOUSAND OAKS, Calif. -- June 20, 2013
Energy crop company Ceres, Inc. (Nasdaq: CERE) today announced that Brazilian
agribusiness executive Daniel Glat has joined the company’s board of
directors. Glat succeeds Douglas Suttles, who stepped down from the Ceres
“Mr. Glat brings a history of success in the seed business and an extensive
understanding of Brazilian agribusiness operations and customs to our board.
His perspectives will be welcomed as we build our commercial business with
Brazilian ethanol mills,” said Richard Hamilton, President and CEO of Ceres.
“On behalf of the board of directors, I would also like to thank Mr. Suttles
for his service to Ceres. We wish him well as he takes on a new leadership
role in the energy industry,” said Hamilton.
Glat said that he looks forward to joining Ceres’ efforts to expand ethanol
production in Brazil. "Brazilian mills are eager to develop new feedstocks and
make greater use of their existing land and industrial assets. I am looking
forward to supporting Ceres’ development of the sweet sorghum market in
Brazil, both as a business opportunity and also as a Brazilian interested in
strengthening our domestic supply of renewable transportation fuels.”
Glat is currently a principal of Glat & Associates, an agribusiness
consultancy firm in Rio Grande do Sul, Brazil. He previously spent 25 years
working for Pioneer Hi-Bred International, Inc., a Dupont business, including
21 years in Brazil. From August 2007 to June 2011, he served as the director
for international operations, where he was responsible for Pioneer’s
activities in Latin America, Africa and Asia. During this time he also served
on the board of directors of Pioneer. From January 1998 to August 2007, Glat
was president of the Pioneer’s Brazilian subsidiary, Pioneer Sementes Ltda.,
having previously held various sales, marketing and business leadership roles
at the subsidiary. Glat currently owns a 900-hectare farming operation in the
Brazilian state of Tocatins. He received his B.S. and M.S. in Agronomy and
Plant Genetics from the University of Arizona.
Ceres, Inc. is an agricultural biotechnology company that markets seeds for
energy crops used in the production of renewable transportation fuels,
electricity and bio-based products. The company combines advanced plant
breeding and biotechnology to develop products that can address the
limitations of first-generation bioenergy feedstocks, increase biomass
productivity, reduce crop inputs and improve cultivation on marginal land. Its
development activities include sweet sorghum, high-biomass sorghum,
switchgrass and miscanthus. Ceres markets its products under its Blade brand.
CERES FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. All statements,
other than statements of historical facts, including statements regarding
Ceres’ efforts to develop and commercialize its products, short-term and
long-term business strategies, market and industry expectations, future
operating metrics, product yields and future results of operations and
financial position, are forward-looking statements. You should not place undue
reliance on these forward-looking statements because they involve known and
unknown risks, uncertainties and other factors that are, in some cases, beyond
Ceres’ control. Factors that could materially affect actual results can be
found in Ceres’ filings with the U.S. Securities and Exchange Commission.
Ceres undertakes no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. These forward-looking statements should not be relied
upon as representing Ceres’ views as of any date subsequent to the date of
this press release.
Gary Koppenjan, 805-375-7801
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