Davis, California, USA
January 13, 2016
Arcadia Biosciences, Inc. (Nasdaq: RKDA) announced today that President and Chief Executive Officer Eric Rey will be taking a short-term medical leave of absence from the company. He is undergoing an elective medical procedure to install a stent in a coronary artery. A full recovery is expected, and it is anticipated that he will return to his normal duties after clearance from his physician.
Arcadia board member Mark Wong will serve as acting president and CEO during Mr. Rey’s medical leave, working in tandem with Arcadia’s experienced senior management team. Mr. Wong has been a member of the board since May 2006, and has an extensive background as an executive in the biotechnology and agriculture industries.
“We wish Eric a quick and full recovery,” said Darby Shupp, chair of the board of directors. “The company is fortunate to have a strong executive management team that has worked together for more than a decade, and I am confident that we will continue to advance Arcadia’s operational and strategic objectives while we allow Eric time to focus on his health.”
Mr. Wong has more than 35 years of experience in agribusiness, with particular expertise in technology integration and commercialization. He has founded and managed a series of agricultural and biotechnology companies, including Agrivida, Renewable Agricultural Energy Corporation and Emergent Genetics.
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