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RiceBran: Completes Management Transition Plan

The Woodlands / TX. (rbt) RiceBran Technologies, a global leader in the production and marketing of value added products derived from rice bran, announced that the Company has completed its previously announced management transition plan.

As part of the completion of that plan, Brent Rystrom has assumed the role of President, Chief Executive Officer and member of the Board of Directors of RiceBran Technologies effective immediately, replacing Dr. Robert Smith who stepped down from that position effective September 30, 2018. Dennis Dykes, succeeded Rystrom as Chief Financial Officer and has assumed the additional role of Corporate Secretary.

The Company also appointed David Chemerow as a member of its Board of Directors effective October 01, 2018. Chemerow brings extensive corporate governance and financial management experience to RiceBran Technologies. He is currently a member of the Board of Directors at Dunham’s Athleisure Corporation, and served for 15 years as a board member at Playboy Enterprises Inc., culminating with his role as Non-Executive Chairman prior to its acquisition by Icon Acquisition Holdings, L.P. in 2011. Chemerow has held numerous key executive roles in both public and private companies during his distinguished career where he garnered significant expertise managing early stage growth companies, conducting mergers, acquisitions, turnarounds and divestitures, and developing long term corporate growth strategies. He is a graduate of Dartmouth College and holds an MBA from The Amos Tuck School.

Brent Rosenthal, Chairman of the Board, stated, «I would like to thank Rystrom, Dykes and Dr. Smith for their efforts over the past three months in completing this seamless management transition. We look forward to our Company’s successful future under the leadership of Brent Rystrom and Dennis Dykes. We are also pleased to welcome David Chemerow to our Board of Directors. David brings a wealth of experience in all aspects of achieving successful business growth which will prove invaluable to our company as we work to build long term value for our stockholders».