Monterey Pasta Company (Nasdaq:PSTA) announced on Friday (9 November) the election to the Board of Directors of Michael Schall and Chris Cruger.
Michael Schall is President and Chief Executive Officer of The B. Manischewitz Company, LLC, the largest manufacturer and marketer of kosher foods in North America. As the company’s CEO, Mr. Schall directs day-to-day sales, marketing and operations management for the company. His experience in the consumer products packaged goods industry included twenty years of senior management in sales, marketing, new product development and operations experience. Previous to his position with The B. Manischewitz Company, LLC, Mr. Schall was President and CEO of Guiltless Gourmet, Inc., an Austin, Texas-based manufacturer of all natural, healthy food products. He earned a Bachelor’s Degree in Marketing from California State University at Los Angeles and a Masters in Business Administration in Marketing and Finance from the University of Southern California. A native of Los Angeles, Mr. Schall is married, has two daughters, and resides in Austin, Texas.
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Chris Cruger is a private investor serving on several Boards of Directors. He is Chairman of Dominex L.C. of St. Augustine, Florida, an agricultural ingredient company. He also serves on the Boards of Chemin Industries of Des Moines, Iowa, an agricultural additive company and the Graham Group, also of Des Moines, a real estate development company. Previously, Mr. Cruger was President and CEO of Tone Bros., a major spice company and held senior executive positions at several notable consumer products companies including Procter and Gamble, Quaker Oats, Sara Lee, and McCormick & Co. He holds an undergraduate degree from St. Lawrence University, Canton, New York, and attended graduate school at Boston University. Mr. Cruger is married and resides in Ponte Vedra Beach, Florida.
Lance Hewitt, President and CEO of Monterey Pasta Company said, “Mike Schall’s deep experience in marketing consumer food products, especially in the natural foods category, will provide valuable assistance as we continue to implement our strategy of increasing our national retail distribution. Chris Cruger’s wealth of experience in marketing to club stores as well as retail and food service channels should help guide Monterey’s strategies as they evolve over time. Both of these executives are valuable additions to the Monterey Pasta team.”
Founded as a regional brand, Monterey Pasta now has national distribution in over 6,400 retail and club stores throughout the United States and selected regions of Canada. Monterey Pasta manufactures USDA inspected, healthy, gourmet refrigerated food products at its integrated corporate headquarters/manufacturing and distribution facilities in Salinas, (Monterey County) CA.
This press release contains forward-looking statements that involve a number of uncertainties and risks that could cause actual results to differ materially from those discussed in the forward-looking statements. Risks that could cause actual results to differ materially from those discussed in the forward-looking statements include risks associated with the retention of key personnel and retention of key management, the risks inherent in food production, intense competition in the market in which the Company competes and consumer acceptance of new products. Future projections are based on the assumption that we will continue to sell in existing retail and club stores and will continue to add new stores. For additional information on these risks, please read the Company’s Annual Report on Form 10-K as of December 31, 2000, its Quarterly Report on Form 10-Q for First, Second, and Third Quarters of 2001, and its 2001 Proxy.
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