Arcadia Biosciences, Inc. Announces Step Down of CEO Matt Plavan
September 07, 2021 at 04:10 pm EDT
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Arcadia Biosciences, Inc. announced that it has launched a national search for a new Chief Executive Officer as the company further expands into the consumer packaged goods sector. CEO Matt Plavan will step down from the role once a successor is named, which is expected to occur by the end of the year. Plavan joined Arcadia in 2016 as Chief Financial Officer and has served as Chief Executive Officer since 2019, overseeing the company's successful transition from an agricultural biotechnology trailblazer to a dynamic consumer products company focused on products in on-trend categories with significant growth potential.
Arcadia Biosciences, Inc. is a producer and marketer of plant-based health and wellness products. The Companyâs product portfolio includes Zola Coconut Water (Zola). Zola is a natural, 100% coconut water. Zola is a non-genetically modified organisms (Non-GMO) project verified and only contains 60 calories per serving. It offers Zola in different varieties, such as Original, Slightly Sweetened; Original with Pulp, Slightly Sweetened; Espresso, Slightly Sweetened; Pineapple; Lime; and others. The recipe with Zola includes smoothies, desserts, cocktails and mocktails, and bowls.