Energy crop company Ceres,
Inc. (Nasdaq: CERE) today announced that Brazilian agribusiness
executive Daniel Glat has joined the company's board of directors. Glat
succeeds Douglas Suttles, who stepped down from the Ceres board.
"Mr. Glat brings a history of success in the seed business and an
extensive understanding of Brazilian agribusiness operations and customs
to our board. His perspectives will be welcomed as we build our
commercial business with Brazilian ethanol mills," said Richard
Hamilton, President and CEO of Ceres. "On behalf of the board of
directors, I would also like to thank Mr. Suttles for his service to
Ceres. We wish him well as he takes on a new leadership role in the
energy industry," said Hamilton.
Glat said that he looks forward to joining Ceres' efforts to expand
ethanol production in Brazil. "Brazilian mills are eager to develop new
feedstocks and make greater use of their existing land and industrial
assets. I am looking forward to supporting Ceres' development of the
sweet sorghum market in Brazil, both as a business opportunity and also
as a Brazilian interested in strengthening our domestic supply of
renewable transportation fuels."
Glat is currently a principal of Glat & Associates, an agribusiness
consultancy firm in Rio Grande do Sul, Brazil. He previously spent 25
years working for Pioneer Hi-Bred International, Inc., a Dupont
business, including 21 years in Brazil. From August 2007 to June 2011,
he served as the director for international operations, where he was
responsible for Pioneer's activities in Latin America, Africa and Asia.
During this time he also served on the board of directors of Pioneer.
From January 1998 to August 2007, Glat was president of the Pioneer's
Brazilian subsidiary, Pioneer Sementes Ltda., having previously held
various sales, marketing and business leadership roles at the
subsidiary. Glat currently owns a 900-hectare farming operation in the
Brazilian state of Tocatins. He received his B.S. and M.S. in Agronomy
and Plant Genetics from the University of Arizona.
Ceres, Inc. is an agricultural biotechnology company that markets seeds
for energy crops used in the production of renewable transportation
fuels, electricity and bio-based products. The company combines advanced
plant breeding and biotechnology to develop products that can address
the limitations of first-generation bioenergy feedstocks, increase
biomass productivity, reduce crop inputs and improve cultivation on
marginal land. Its development activities include sweet sorghum,
high-biomass sorghum, switchgrass and miscanthus. Ceres markets its
products under its Blade brand.
CERES FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. All
statements, other than statements of historical facts, including
statements regarding Ceres' efforts to develop and commercialize its
products, short-term and long-term business strategies, market and
industry expectations, future operating metrics, product yields and
future results of operations and financial position, are forward-looking
statements. You should not place undue reliance on these forward-looking
statements because they involve known and unknown risks, uncertainties
and other factors that are, in some cases, beyond Ceres' control.
Factors that could materially affect actual results can be found in
Ceres' filings with the U.S. Securities and Exchange Commission. Ceres
undertakes no intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. These forward-looking statements should not
be relied upon as representing Ceres' views as of any date subsequent to
the date of this press release.
Gary Koppenjan, 805-375-7801