US dairy-alternative business Califia Farms has appointed a new chief financial officer in the shape of Sandeep Patel.

Califia’s new CFO joins the firm after 20 years in investment banking, where, as a managing director at both Barclays and Goldman Sachs, he advised a range of corporate clients on important strategic and financing matters across the food and beverage, agriculture, and technology landscapes globally. 

Greg Steltenpohl, CEO and co-founder of Califia Farms, said: “Sandeep has a differentiated understanding of the food and beverage industry from soil to shelf as well as deep expertise helping high-growth companies like Califia develop strong financial frameworks and access to capital compatible with a long-term vision.”

Patel said: “Califia is at the intersection of some of the most powerful trends to shape the food system in the last 50 years. With its strong lifestyle brand, track record of innovation and cross-category leadership, Califia is uniquely positioned to capitalise on these trends.

“I am a big believer in Califia’s mission and am honoured to have the opportunity to join Greg and team to help build upon the great success achieved thus far.”

Califia, meanwhile, outlined plans for further expansion after announcing it had raised more than US$50m in a further round of investment in the business.