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Geoffery Merszei to join Origin Agritech's Board of Directors


Beijing, China
August 6, 2015

Origin Agritech Limited (NASDAQ GS: SEED) ("Origin", or the "Company"), a technology-focused supplier of crop seeds in China, today announce that Mr. Geoffery Merszei will be appointed to the Board of Directors (the "Board") of Origin Agritech. Mr. Merszei will replace Dr. Yingqi Xia as an Independent Director and Chairman of the Compensation Committee effective October 1, 2015.

Mr. Geoffery Merszei is Chairman and Chief Executive of Zolentis AG, a global investment and advisory firm based in Zug, Switzerland. He was previously the Executive Vice President of The Dow Chemical Company (NYSE:DOW) ("Dow"); President of Dow Europe, the Middle East and Africa; and Chairman of Dow Europe before retiring in 2013. Geoffery brings more than 30 years of experience in corporate governance and finance. He served on Dow's Board from 2005 to 2009 and was its Lead Director on the Board of Dow Corning Corporation. He was also Chairman of Dow's Geographic Leadership Council and a member of Dow's Executive Leadership Committee, which was responsible for the company's corporate strategy and financial performance. In 2001, Geoffery left Dow to be the Executive Vice President and Chief Financial Officer of Alcan Inc., returning to Dow in 2005 as its Executive Vice President and Chief Financial Officer. He has also served as a board member of the Chemical Financial Corporation, and as a Trustee and Executive Committee member of the United States Council for International Business.

"I am delighted to welcome Geoffery Merszei to Origin's Board. Geoffery's exceptional global leadership experience in chemicals and agriculture industries across multiple geographies will add tremendous value to our Board," said Origin's Chairman and CEO Dr. Gengchen Han. "As we advance our new Origin Agritech strategies to become a global biotech seed company, we look forward to Geoffery's contribution and counsel as an Origin's board member. With our biotech seed technologies, we believe Origin is poised to benefit from the ever-growing global biotech agribusiness, and having a globally-focused Board is a significant first step to successfully executing our new global strategies." 

"I am impressed by the work carried out at Origin and its readiness to launch its global biotech seed business after more than 10 years of preparation," said Mr. Geoffery Merszei, "I am excited to join Origin's Board and will work with the excellent management team to bring SEED to the global stage and nurture its expansion to different regions."

Dr. Yingqi Xia, who has served on the Board for five years, is retiring from the Board. "It has been a pleasure to have Dr. Xia on our Board," said Dr. Han, "On behalf of my Board and the management team, I would like to thank Dr. Xia for his excellent service and valuable advice to the Board."



More news from: Origin Agritech Ltd.


Website: http://www.originagritech.com

Published: August 6, 2015

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