Landec Corporation Announces Addition of Vice President of Business Development

MENLO PARK, Calif.--(BUSINESS WIRE)--Landec Corporation (Nasdaq:LNDC), a developer and marketer of technology-based polymer products for food, agricultural and licensed partner applications, today announced the appointment of Molly A. Hemmeter to Landec’s newly created position of Vice President of Business Development and Global Marketing. Ms. Hemmeter is joining Landec from Ashland, Inc., a global specialty chemicals company, where she has been the Vice President of Global Marketing and New Business Development for the Performance Materials division. Ms. Hemmeter will report directly to Gary Steele, Landec’s CEO and Chairman of the Board.

“We are very pleased to welcome Molly to the management team where she will lead strategy, business development and implementation for our polymer technology initiatives. Molly has over 20 years of extensive and proven experience in identifying market opportunities and supporting new product development, through both internal development and acquisitions”

“We are very pleased to welcome Molly to the management team where she will lead strategy, business development and implementation for our polymer technology initiatives. Molly has over 20 years of extensive and proven experience in identifying market opportunities and supporting new product development, through both internal development and acquisitions,” said Steele. “Her demonstrated achievements in strategy, market development and operational execution within the performance materials, consumer goods and pharmaceutical industries will be instrumental to Landec as we focus on new technology and application initiatives.”

“Landec’s unique and proprietary polymer technology represents a powerful platform, not only for the existing commercial applications that have been developed for near-term growth and profitability, but also for new longer term applications,” commented Ms. Hemmeter. “I look forward to working with Landec’s dedicated management team to further advance Landec’s polymer technology into new markets and applications worldwide, while continuing the focus on near-term growth and profitability.”

At Ashland, as the Vice President of Global Marketing and New Business Development for the Performance Materials division, Ms. Hemmeter was responsible for, and created processes for, identifying global new business development opportunities with significant revenue potential. She led the programs from inception through commercialization, implementing rigorous go/no-go decision review criteria and managing commercial launches. In addition, she was responsible for managing the global strategic planning process for the $1.6 billion per year Performance Materials division.

Prior to Ashland, Ms. Hemmeter was Vice President of Strategy and Marketing for Siterra Corporation in San Francisco, a privately held company delivering on-demand software for managing real estate asset portfolios for companies such as Sprint and AT&T. Prior to Siterra, she was the Co-Founder and Chief Marketing Officer of CriticalArc Technologies, a privately held company that developed customer intelligence software for the foodservice industry. Ms. Hemmeter also held a variety of managerial positions at Bausch & Lomb and Eli Lilly in the areas of P&L management, global brand management, new product development, new channel development, internet service development, marketing communications and process engineering. Ms. Hemmeter obtained her Bachelors and Masters in Chemical Engineering at the University of Louisville and her Masters in Business Administration at Harvard Graduate School of Business.

About Landec Corporation

Landec Corporation designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food, agricultural and licensed partner applications. The Company’s temperature-activated polymer products are based on its proprietary Intelimer® polymers which differ from other polymers in that they can be customized to abruptly change their physical characteristics when heated or cooled through a pre-set temperature switch. For more information about the Company visit Landec’s website at www.landec.com.