Photo: iStockAgritech Company Calyxt Hires General Counsel After Appointing New CEO
Frimerman is leaving her associate GC position at another Minnesota agritech, Syngenta Seeds LLC, to join Calyxt. She joined the in-house world in 2011, after spending about six years as a corporate lawyer for Stoel Rives and Lindquist & Vennum, now Ballard Spahr.
January 30, 2019 at 02:04 PM
3 minute read
Minnesota-based agricultural biotechnology company Calyxt Inc. has hired former corporate lawyer Debra Frimerman as its general counsel.
Frimerman is leaving her associate GC position at another Minnesota agritech company, Syngenta Seeds LLC, to join Calyxt. She had been with Syngenta since 2012, according to her LinkedIn profile. She begins her new position Feb. 11.
Frimerman joined the in-house world in 2011, after spending about six years as a corporate lawyer for Stoel Rives and Lindquist & Vennum, now Ballard Spahr.
At Calyxt, she replaces Joseph Saluri, who served as the company's top lawyer and executive vice president from June 2017 to March 2018, during which time he helped the business complete a $56 million initial public offering.
Calyxt appears to be on a bit of a hiring tear. In October, the company hired Jim Blome as its new CEO. He formerly served as president and CEO of Bayer CropScience LP. That same month, Calyxt hired a new supply chain manager. And on Jan. 3, the company announced it had appointed a new chief financial officer.
Bome said in a prepared statement that Frimerman's “counsel will be truly instrumental as we navigate the commercialization of our first product, high oleic soybean oil, which will deliver on our promise of addressing American health challenges such as obesity and diabetes by making healthier food ingredients for consumers.”
Frimerman, meanwhile, applauded Calyxt for “pioneering the way for consumer-centric non-transgenic crops using its leading gene editing technology and technical expertise.” In December, the company received a European patent on methods to create gene-edited plants.
In its third quarter 2018 earnings report, Calyxt told investors it had significantly expanded its soybean growing operations, which have grown to more than 17,000 acres. But the expansion has come at a cost.
Calyxt reported that it had incurred $19.5 million in losses from operations during a nine-month period that ended Sept. 20, 2018. The company anticipated that it would spend an average of $2 million a month on operations.
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