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TheStreet Open House

Landec Corporation Names ConAgra Executive Albert Bolles As New Member Of Board Of Directors

Stocks in this article: LNDC

MENLO PARK, Calif., May 14, 2014 (GLOBE NEWSWIRE) -- Landec Corporation (Nasdaq:LNDC), a materials science Company that develops and markets innovative and patented products for healthy living applications in food and biomedical markets, announced that Albert D. Bolles, Ph.D., Executive Vice President, Chief Technical and Operations Officer at ConAgra Foods Inc., in Omaha, Nebraska, has been named a director of Landec Corporation. Dr. Bolles' appointment to the Board raises the total number of Board members to ten, eight of whom are outside independent Board members.

Dr. Bolles leads the Research, Quality & Innovation and Supply Chain organizations for ConAgra Foods, which is one of North America's largest packaged food companies. The company's portfolio includes iconic consumer brands such as Hunt's, Chef Boyardee and Reddi-wip, plus the largest private brand package food business in North America, and a strong commercial and foodservice business. Dr. Bolles has been with ConAgra, an $18 billion food company, since 2006 and reports directly to the CEO. Dr. Bolles has led innovation programs for multiple new products, generating incremental sales and a multi-year pipeline to sustain and advance future growth. In advancing innovation at ConAgra, Dr. Bolles developed two external scientific advisory boards comprised of nationally recognized leaders to shape strategy and create industry leadership for ConAgra in Health & Wellness and Food Safety. As an industry partner with the FDA and USDA on influencing and crafting public policy that benefits consumers, Dr. Bolles was instrumental in the passage of the Food Safety Modernization Act in 2010. Dr. Bolles holds six patents. He is a graduate of Michigan State University with a B.S. in Microbiology plus an M.S. and Ph.D. in Food Science.

Gary Steele, Chairman and CEO of Landec Corporation, commented, "We are very pleased with the addition of Dr. Bolles to the Landec Board of Directors. We value Dr. Bolles' proven track record for blending great science with consumer and business needs across diverse food and beverage categories. We recognize his extensive experience and expertise in creating technically innovative food products by integrating consumer marketing with research and product development. In addition to his notable accomplishments at ConAgra, Dr. Bolles has held senior research and development management positions at PepsiCo Beverages and Foods, as Senior Vice President of Worldwide Research and Development, and at Tropicana Products Inc., as Senior Vice President of Global Technology and Quality and as Chief Technical Officer."

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