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US: Vertical farm proposes new member of Board of Directors

Kalera announced the proposed appointment of Curtis McWilliams to its Board of Directors. In addition, it is expected that McWilliams will chair Kalera’s Audit Committee responsible for oversight of the financial reporting and disclosure process. An executive with deep experience in mergers & acquisitions, real estate, corporate governance as well as financial accounting and analysis, McWilliams brings nearly 40 years of executive leadership and experience to the Kalera board.

The addition of McWilliams to the board coincides with Kalera’s rapid expansion into several new markets and its acquisition of Vindara Inc., the first company to develop seeds specifically designed for use in vertical indoor farm environments as well as other controlled environment agriculture (CEA) farming methods.

“We are thrilled and honored to have Curtis McWilliams join Kalera’s Board,” said Bjørge Gretland, Chairman. “Curtis has been tremendously successful as a CEO and has extensive experience chairing Audit Committees. He also brings valuable expertise doing M&A deals. I am confident he will be a strong contributor to Kalera’s success.”

Pressing need for vertical farms
“There has never been a more pressing need for vertical farming than there is today. I’m honored and excited to have the opportunity to join the Board at Kalera,” said Curtis McWilliams. “I look forward to working with Kalera as they continue to grow and expand domestically and abroad.”

Kalera currently operates two growing facilities in Orlando and a newly opened facility in Atlanta, and is building facilities in Houston, Denver, Columbus, Seattle, Minnesota, and Hawaii. Kalera is the only controlled environment agriculture company with coast-to-coast facilities being constructed, offering grocers, restaurants, theme parks, airports and other businesses nationwide reliable access to locally grown clean, safe, nutritious, price-stable, long-lasting greens. Kalera uses a closed-loop irrigation system which enables its plants to grow while consuming 95% less water compared to field farming.

The appointment of Curtis McWilliams as member of the Board of Directors will be presented for approval by Kalera’s shareholders at a general meeting and is expected to take effect upon completion of the contemplated merger between Kalera AS and the new Luxembourg parent for the group, which was announced previously.

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