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NutraCea appoints new CFO

07-Nov-2008

Related topics: Industry

Rice bran supplier Nutracea has appointed Olga Hernandez-Longan to the position of Chief Financial Officer (CFO), replacing the retiring Todd Crow.

 

 

 

Ms. Hernandez-Longan has over two decades of financial experience with companies such as Wal-Mart and the Ford Motor Company. She takes over the books of a company that reported a a $6.1m net loss in the quarter ended June 30 2008, down from a profit of $2m last year.

The losses were due to difficulties with raw material supply and as restrictions meant was operating at below one third of its normal capacity, the company said in August.

Brad Edson, president and CEO of NutraCea welcomed Ms. Hernandez-Longan. "[Olga’s] expertise in financial reporting, international finance and M&A and joint ventures will serve NutraCea well as we continue to implement our strategic growth plan," he said.

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