Captiva Verde Additions To Board And Management Team

Captiva appoints Jiwani, Woods as directors, Dea as CFO

2016-01-25 09:08 ET – News Release

Mr. Jeffrey Ciachurski reports

CAPTIVA VERDE ANNOUNCES ADDITIONS TO BOARD AND MANAGEMENT TEAM

Captiva Verde Industries Ltd. has made additions to the board of directors and the management team with the goal of supporting the company’s strategic plans to build Captiva Verde into the largest U.S. Department of Agriculture-certified organic vegetable producer. This requires a focus on food-based, regulatory and governmental leadership, and, in this regard, the following additions will become effective as of Jan. 25, 2016.

Captiva Verde is pleased to announce that Noorudin Jiwani and Grant Woods have joined the board of directors.

Mr. Jiwani is the president and owner of Aliya’s Foods Ltd., which he co-founded with his wife Anis in 2000. This large, family-operated company has grown in 15 years from a start-up to an internationally recognized multimillion-dollar food corporation, with sales in Canada under the President’s Choice brand and the Chef Bombay label in the United States.

Mr. Jiwani is actively involved in a number of community-based organizations. Mr. Jiwani served two terms as a member on the board of the Alberta Food Processors Association. Mr. Jiwani is one of the 10 founding members of the chief executive officer club in Edmonton, made up of executives from the food industries. Mr. Jiwani is also a volunteer with the World Partnership Walk, raising funds from corporate and individual donors in support of international development programs.

Mr. Woods is one of Arizona’s most legendary, acclaimed and successful lawyers. Mr. Woods has obtained, for clients, record jury verdicts and settlements in the toughest of cases. Mr. Woods is whom other lawyers call with their big cases. Mr. Woods was the Attorney General for Arizona from 1991 to 1999. He has been a political and community leader for more than 30 years and was chief of staff for John McCain.

Lisa Dea, CPA, CA, has joined the company as chief financial officer. Ms. Dea has over 19 years of experience in the finance, securities and accounting fields. Ms. Dea has been the chief financial officer of several Toronto Stock Exchange-listed companies, where she was responsible for corporate strategy; all aspects of finance and legal, debt and capital market activities; managing banking relationships with U.S., Canadian and international banks; internal and external public reporting; as well as financial controls, processes and corporate governance. She has been instrumental in helping several companies grow from the development stage to large-scale commercial operations. Ms. Dea, previous to her time in industry, spent 11 years at Deloitte & Touche LLP, achieving the position of senior manager. Ms. Dea obtained her chartered accountant designation in 1997 and holds a BComm from the University of British Columbia.

To make room for the new directors and chief financial officer, Allan Silber, Morris Perlis and Chris Thompson have resigned their seats and office, respectively.

Ross Drysdale assumes the position of chairman of the board.

The company has granted 2.5 million common stock options at 50 cents, which are exercisable for five years.

The first published financial results for the first full period of commercial sales will be reported in the company’s audited fourth quarter financial statements for the period ended Dec. 31, 2015.