Ted Melnik Joins Valent BioSciences as Executive Vice President & Chief Operating Officer

  Ted Melnik Joins Valent BioSciences as Executive Vice President & Chief
  Operating Officer

New hire solidifies VBC and Sumitomo Chemical global strategy to expand the
biorational technology and commercial platforms.

Business Wire

LIBERTYVILLE, Ill. -- August 19, 2013

Valent BioSciences Corporation (VBC) announced that Ted Melnik has joined the
company as Executive Vice President & Chief Operating Officer. Beginning
August 26, Ted will assume leadership for the day-to-day business operations
of VBC including responsibility for achieving its short- and mid-range
business plans.

Ted Melnik (Photo: Business Wire)

Ted Melnik (Photo: Business Wire)

Melnik will report directly to Mike Donaldson, President and Chief Executive
Officer of VBC. He joins Andy Lee, Executive Vice President & Chief Operating
Officer for Valent U.S.A. Corporation and Roberto Carpentier, Executive Vice
President and Chief Operating Officer of Pace International as recent
additions to the Sumitomo and VBC Management team. Melnik fills a position
that was envisioned in 2009 when Donaldson’s responsibilities expanded to
include leadership of Sumitomo Chemical’s Health and Crop Sciences companies
in NAFTA and Latin America, as well as his continuing role as Executive
Officer at SCC in Tokyo.

According to Donaldson, Melnik’s history of innovation and leadership in
biorational development for agriculture align well with the company’s future
growth expectations. “Ted’s experience and first-hand knowledge of the
biorationals business and industry make him an excellent fit for this
important position,” Donaldson said. “The business models of VBC, Valent
U.S.A. and Pace International each have unique requirements and roles within
the global SCC agricultural market segments. Ted’s addition will allow for
increased collaboration and synergies between all SCC Regional affiliate
companies worldwide, including both conventional and biorational crop
production solutions.”

Melnik comes to VBC with more than thirty years of experience including
leadership positions with both biorational and conventional chemistry
companies. In 2001, Melnik was named President of the newly created Novozymes
Biologicals Inc., a position he held until 2010. Melnik has a proven track
record of leadership in global business management, operations, acquisitions
and integrations, marketing, and new product development. He also has
significant experience in the management of biological manufacturing
operations and will play a key role in overseeing the commissioning of VBC’s
new $150 million biorational manufacturing facility in Osage, Iowa, that will
come on line in 2014.

“I am excited about the opportunities for VBC as well as the other Sumitomo
Chemical affiliate companies around the world,” Melnik said. “With its
continually expanding portfolio of innovative and high quality products, VBC
has strengthened its position as the worldwide leader in the development and
commercialization of biorationals. VBC’s recent acquisition of Pace
International for postharvest solutions and the construction of its new
biorational manufacturing plant in Osage, Iowa are testaments to the company’s
success, the vision of its leadership, and its commitment to its partners and
customers worldwide.”

VBC is the leader in developing and commercializing biorational products in 95
countries around the world. Biorationals are products typically derived from
biological origins (natural or synthesized) that are highly specific in their
activity while providing economic, health, and/or environmental benefits.
These products include microbial insecticides, fungicides and nematicides, as
well as plant growth regulators used in seed treatment, production
agriculture, postharvest and management of stress in crops.

About Valent BioSciences Corporation

Headquartered in Libertyville, IL, Valent BioSciences is a subsidiary of
Tokyo-based Sumitomo Chemical Company. Valent BioSciences is the worldwide
leader in the development, manufacturing and commercialization of biorational
products, with sales in 95 countries around the world. Valent BioSciences is
an ISO 9001:2008 Certified Company. For additional information, visit the
company’s website at www.valentbiosciences.com.

About Sumitomo Chemical Company, Limited

Headquartered in Tokyo, Japan, Sumitomo Chemical Company is one of Japan’s
leading chemical companies, offering a diverse range of products globally in
the fields of basic chemicals, petrochemicals, IT-related chemicals and
materials, health and crop science products, and pharmaceuticals. The
company’s consolidated net sales for fiscal year 2012 were JPY 1.95 trillion.
For additional information, visit the company’s website at
www.sumitomo-chem.co.jp/english/.

About Valent U.S.A. Corporation

Valent U.S.A. Corporation, headquartered in Walnut Creek, Calif., develops and
markets products in the United States and Canada that protect agricultural
crops, enhance crop yields, improve food quality, beautify the environment and
safeguard public health. Valent is a leader in marketing and sales of both
traditional chemical products and also biorational products developed by its
affiliate, Valent BioSciences. Valent products include a well-known line of
quality herbicide, insecticide, fungicide and plant growth regulator products
for agricultural, seed protection and professional use. For more information
about Valent U.S.A. Corporation or our full product line, please call
800-6-VALENT (682-5368) or visit www.valent.com.

About Pace International, LLC

Pace International, LLC collaborates with growers, packers and agricultural
organizations to develop innovative solutions to enhance, protect, and
preserve fruit and vegetable quality. Pace is the leading provider of
post-harvest solutions and technologies, equipment and technical services to
maximize efficiencies in packing operations and increase the value of crops
being processed. Pace International, LLC is headquartered in Seattle,
Washington, USA with R&D, Manufacturing and Administration in Wapato, WA and
Sales and Technical Service Offices around the world. For more information,
visit http://www.paceint.com.

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Contact:

Valent BioSciences Corporation
Rick Melnick, 847-968-4780
rick.melnick@valentbiosciences.com
 
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