Anna Fabrega is leaving Local Bounti as part of a company’s restructuring, and Craig Hurlbert, co-founder of Local Bounti and CEO prior to Anna Fabrega, will take up the role of CEO. According to the company, this restructuring is expected to save approximately $3.2 million on an annualized basis as a result of these actions.
Craig Hurlbert, CEO of Local Bounti, stated, “We have an amazing team at Local Bounti that I believe possesses the unique capabilities to cement our place as a leader in our industry. As we continue to scale this business, we are working diligently to achieve breakeven cashflow. Our primary objective is to drive greater efficiency at every level of the business through optimization of our cost structure and further…
Read the full article at: https://www.hortidaily.com/article/9588329/craig-hurlbert-takes-up-role-of-local-bounti-ceo-anna-fabrega-leaves-as-part-of-company-s-restructuring/