Agrify Adds Former Goldman Sachs Executive to Board of Directors
14 December 2021 - 11:00PM
Agrify Corporation (Nasdaq:AGFY) (“Agrify” or the “Company”), the
most innovative and vertically integrated provider of premium
cultivation and extraction solutions for the cannabis and hemp
industry, today announced the appointment of Barry Turkanis as an
independent director on its Board of Directors. Mr. Turkanis
replaces Timothy Oakes, who recently resigned from the Board of
Directors in order to become the Company’s Chief Financial Officer.
Mr. Turkanis will also serve on the Board of Directors’ Audit
Committee as well as its Nominating and Corporate Governance
Committee.
“As we continue to gain momentum and mobilize for our next phase
of accelerated growth, we have made it the highest priority to
align ourselves with the right partners, and Barry’s addition to
Agrify’s Board of Directors is another example of our commitment to
assembling a truly exemplary support system,” said Raymond Chang,
Chairman and CEO of Agrify. “Barry has had a long and illustrious
career including over 15 years at Goldman Sachs, and his vast
accomplishments across finance, private equity, venture capital,
and real estate will make him a tremendous resource to our team.
Furthermore, Barry’s expansive knowledge around asset and
mortgage-backed securities should be instrumental in helping us
improve the execution around future Agrify Total Turn-Key Solution
deals in a variety of ways including structuring, compliance,
alternative third-party financing, securitization, and ongoing
management and support.”
Mr. Turkanis has had a highly successful career in institutional
sales and trading with over 22 years of experience at Salomon
Brothers and Goldman Sachs. At Goldman Sachs, Mr. Turkanis held
multiple leadership positions during his more than 15 years of
service, including Managing Director in the Fixed Income, Currency
and Commodities Division and Co-Head of the Mortgage-Backed
Securities Department. Mr. Turkanis subsequently co-founded Ocean
Gate Capital Management, which is engaged in money management,
private equity investing, and real estate development, and he
continues to serve as a principal with the firm to this day. More
recently, Mr. Turkanis co-founded NXT Ventures Management, a
venture capital firm with investments in over 40 portfolio
companies. Mr. Turkanis is a board member or board observer for
several emerging companies, and he is also actively involved with a
number of charitable organizations in the Boston area. Mr. Turkanis
earned a B.S. from Syracuse University and a J.D. from Boston
College Law School.
About Agrify (Nasdaq:AGFY)
Agrify is the most innovative and vertically integrated provider
of premium cultivation and extraction solutions for the cannabis
and hemp industry. Our proprietary micro-environment-controlled
Vertical Farming Units (VFUs) enable our customers to produce the
highest quality products with unmatched consistency, yield, and ROI
at scale. Agrify brings data, science, and technology to its
customers for unparalleled control over cultivation and extraction.
For more information, please visit Agrify
at http://www.agrify.com, and Precision Extraction, a division
of Agrify, at http://www.precisionextraction.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
concerning Agrify and other matters. All statements contained in
this press release that do not relate to matters of historical fact
should be considered forward-looking statements, including, without
limitation, statements regarding our revenue growth, profitability,
future prospects and financial performance. In some cases, you can
identify forward-looking statements by terms such as "may," "will,"
"should," "expects," "plans," "anticipates," "could," "intends,"
"targets," "projects," "contemplates," "believes," "estimates,"
"predicts," "potential" or "continue" or the negative of these
terms or other similar expressions. The forward-looking statements
in this press release are only predictions. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends that we
believe may affect our business, financial condition and results of
operations. Forward-looking statements involve known and unknown
risks, uncertainties and other important factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. You should
carefully consider the risks and uncertainties that affect our
business, including those described in our filings with the
Securities and Exchange Commission (“SEC”), including under the
caption “Risk Factors” in our Annual Report on Form 10-K filed for
the year ended December 31, 2020 with the SEC, which can be
obtained on the SEC website at www.sec.gov. These forward-looking
statements speak only as of the date of this communication. Except
as required by applicable law, we do not plan to publicly update or
revise any forward-looking statements, whether as a result of any
new information, future events or otherwise. You are advised,
however, to consult any further disclosures we make on related
subjects in our public announcements and filings with the SEC.
Company Contacts
AgrifyTimothy OakesChief Financial
Officertim.oakes@agrify.com(351) 777-6585
Investor RelationsAnna Kate
HellerICRagrify@icrinc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c7261cca-ce23-4c28-8203-6e0c3fd72f8d
Agrify (NASDAQ:AGFY)
Historical Stock Chart
From Feb 2024 to Mar 2024
Agrify (NASDAQ:AGFY)
Historical Stock Chart
From Mar 2023 to Mar 2024