Calyxt Appoints Vince Restucci as Vice President of Agronomy Services to Accelerate ExpansionPosted by On


ROSEVILLE, Minn.–()–Calyxt, Inc. (NASDAQ: CLXT), a plant-based technology company focused on healthy food ingredients, has appointed Vince Restucci in a newly created role as Vice President of Agronomy Services to support the expansion of Calyxt’s grower network and Identity Preserved System.

Mr. Restucci has a diverse background in purchasing, marketing and technical expertise across farming, consumer packaged goods, food, and agribusiness environments, making him a versatile addition to help steer the Calyxt agronomy team. His vast experience will guide our growing list of strategic agronomy partners to improve the quality of crops, increase yield and address questions related to chemistry and stewardship practices.

We expect Vince, with his deep agribusiness knowledge, to have a positive impact in helping us to grow not only our first commercial product, High Oleic Soybean, but also expansion to new crops including wheat, hemp and alfalfa,” said Manoj Sahoo, Chief Business Development and Supply Chain Officer with Calyxt. “As a well-respected and driven agribusiness leader, Vince will tap into and expand our grower relationships. We believe this strategy will strengthen our initiative to double contracted acres year over year as already evident with our 2020 contracted acreage goal of 100,000 acres versus 36,000 planted acres in 2019,” concluded Sahoo.

Vince brings more than 35 years of agribusiness, refining and CPG experience to Calyxt. Most recently with R.D. Offutt Company, he served as Director of Procurement & Business Technology, where he was responsible for managing crop production inputs on 48 separate farming locations where he oversaw field technology and precision agriculture activities. He previously held positions with J.R. Simplot Company, Western Refining and Miller Brewing Company. Mr. Restucci obtained his Bachelor of Science in Marketing from the University of Alabama at Birmingham and his MBA from the Keller Graduate School of Management in Scottsdale, Arizona. He served in the U.S. Army as a Chief Warrant Officer and a Medical Evacuation Helicopter Pilot.

About Calyxt

Calyxt (NASDAQ: CLXT), based in Roseville, Minnesota is a plant-based technology company that utilizes our patented breeding technology to make the food you love a healthier choice. The care we take extends beyond nutritional value. We partner with farmers and food companies to deliver traceable plant-based products developed to be healthier and more sustainable than their conventional counterparts. We use cutting edge plant breeding techniques to develop products that help improve diets by reducing bad fats, allergens and toxins. Today oil from our high oleic soybean plants has lower saturated fats than commodity soybean oil. We are also developing high fiber wheat designed to provide an excellent source of daily fiber when incorporated into wheat-based foods. We continuously pursue innovation to deliver good food that is good for you. For further information, please visit our website at www.calyxt.com.

Calyxt Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including those factors discussed under the caption entitled “Risk Factors” in our Annual Report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by applicable laws.

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