Core Viewpoint - Local Bounti Corporation has promoted Kathleen Valiasek to President and Chief Financial Officer, reflecting her significant contributions to the company's operational efficiency and growth strategy [1][2]. Company Overview - Local Bounti is an innovative indoor agriculture company utilizing patented Stack & Flow Technology® to enhance crop yields and improve unit economics, operating advanced facilities across the U.S. and servicing approximately 13,000 retail doors [5]. - The company aims to revolutionize agriculture by ensuring access to fresh, sustainable, locally grown produce while using 90% less land and water compared to conventional farming methods [5]. Leadership Changes - Kathleen Valiasek has been with Local Bounti as CFO since April 2021 and has previously held significant roles in other companies, including Amyris and Lenox Group, showcasing her extensive experience in finance and strategic consulting [3]. - In her new role, Valiasek will oversee operations, innovation, commercial, and marketing activities while continuing to lead the financial organization [2]. Strategic Goals - The company aims to achieve positive adjusted EBITDA by early 2025, indicating a focus on financial performance and operational efficiency [2][4].
Local Bounti Chief Financial Officer Kathleen Valiasek Promoted to President and CFO