Longmont, Colorado, USA
April 27, 2023
- Horton to resign as Chief Financial Officer
- Company appoints agricultural industry veteran Vanessa Baughman as the Company's Interim Chief Financial Officer
S&W Seed Company (Nasdaq: SANW), a global agricultural company, today announced the transition of Elizabeth (Betsy) Horton to the Company's board of directors following her resignation as the Company's Chief Financial Officer. Ms. Horton will serve as a director of the Company until the 2023 Annual Meeting of Stockholders, and until her successor is duly elected and qualified, or until her earlier death, resignation or removal.
Ms. Horton will continue to serve as Chief Financial Officer and corporate Secretary of the Company until the earlier of (i) the day on which the Company files its Quarterly Report on Form 10-Q for the Quarter ended March 31, 2023 and (ii) May 15, 2023.
The Company appointed Vanessa Baughman as the Company's Interim Chief Financial Officer and corporate Secretary, effective concurrent with the end of Ms. Horton's tenure as Chief Financial Officer. Prior to joining the Company, Ms. Baughman served as Chief Financial Officer, Vice President of Finance of AgReliant Genetics, LLC, the largest North American company focused solely on seed, headquartered in Westfield, Indiana, where she served as CFO from January 2019 to March 2023.
Mark Wong, President and CEO of S&W, commented, "The entire S&W organization is incredibly thankful to Betsy for the valuable guidance and insight she has provided. I look forward to that continued counsel as she transitions to her role as a member of the S&W board."
"I am appreciative of the Corporate Governance and Nominating Committee's recommendation to have me join the board of S&W. We have made tremendous progress over the past year and I look forward to working with the team to build upon the momentum into the future," Ms. Horton commented.
In addition to serving as AgReliant Genetics CFO for the past four years, Ms. Baughman has held numerous finance roles of increasing responsibility at Monsanto Company, a previously public agrochemical and agricultural biotechnology corporation acquired by Bayer AG in June 2018, including as U.S. Strategic Account, Distribution Strategy and Licensing Finance Lead, Global Commercial Crop Protection and Seed Applied Solutions Finance Lead and, most recently, NALAN Supply Chain Finance Lead. Ms. Baughman received a B.S. in Accounting from University of Holy Cross and an MBA from the University of New Orleans. She also completed the General Management Program Certification at the Wharton School of Business at the University of Pennsylvania.
Wong continued, "Vanessa Baughman is a highly accomplished agricultural chief financial officer with experience at two of the largest seed companies in the world - Monsanto and AgReliant Genetics LLC. With progress being made at S&W building out our key centers of value, I believe the financial operations of S&W are in great hands."
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