Grover Wickersham to retire as Chairman of S&W Seed Company
Five Points, California, USA
December 8, 2014
S&W Seed Company (Nasdaq: SANW) today announced that Grover Wickersham has informed the Company that he intends to retire as Chairman of the Board of S&W Seed Company prior to the end of 2014.
Mr. Wickersham founded S&W in its current form in 2008 after the purchase of the S&W Seed partnership that had operated in California since 1981 as a breeder and marketer of high quality, non-dormant alfalfa seed. Recognizing the potential appeal of S&W's unique seed varieties, Mr. Wickersham converted S&W into a corporation and recruited key executives into leadership positions at the company, including Mark Grewal as chief executive officer and Dan Karsten and Matthew Szot as Vice Presidents. He also recruited Dr. Clint Shock, a preeminent expert on the stevia plant, to launch S&W's stevia breeding program in 2009. Mr. Wickersham was the architect of the company's IPO in May of 2010, which was successfully led by Mr. Grewal and Mr. Szot, the company's chief financial officer. He was instrumental in the acquisitions of Imperial Valley Seeds in 2012 and Seed Genetics International in 2013, and assists in international sales. During his tenure as Chairman, revenues increased more than tenfold as S&W became the world's leading supplier of non-dormant alfalfa seed varieties and a global agricultural company with operations in the United States and Australia with distribution in more than 20 countries around the world.
Mr. Wickersham said, "I have been honored to be Chairman of this organization for many years and am proud of what has been achieved under the leadership of the management and my board colleagues. Looking forward to 2015 and beyond, I am confident that S&W has significant opportunities to expand upon what has been built and the initiatives that have been put in place both in the company's alfalfa and stevia operations as they meet the challenges of global demographics and the demands placed on world food supplies."
When his successor as Chairman is selected, which is expected to occur soon, Mr. Wickersham will continue to serve S&W as a Director and as a valued advisor.
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Website: http://www.swseedco.com/ Published: December 8, 2014 |
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