NewAge Industries expands board
NewAge Industries recently appointed several new members to its board of directors.
In explaining the reason for adding outside leadership to the board, majority owner and CEO Ken Baker said that over the past 15 years the company’s product lines have diversified to include high-purity biopharma products, it has become an employee-owned company, and the number of employees has doubled. Baker felt more outside direction and strategic growth planning was needed.
Matt Sullivan is president and CEO of the Dunmore Corporation, a family-owned business specializing in engineered films for coated, metallized and laminated products. Baker met Sullivan through a local executives group, and Baker believed Sullivan’s leadership, vision and organizational concepts relating to company succession would be an asset to NewAge Industries
Cecil Ursprung was solicited to become a board member in early 2016. Ursprung’s background includes positions as president, CEO and board member for Reflexite (now Orafol), a manufacturer of products that focus reflected light. He has been a board member for five other ESOP companies and brings a great deal of knowledge about employee ownership to NewAge’s board. Ursprung is currently on the board of the National Center for Employee Ownership, an organization of which NewAge is a member.
Pat Sacco has over 30 years of experience in the life sciences and biopharmaceutical industries and understands the challenges of manufacturing, engineering, quality, and technical operations. He held positions as senior vice president of manufacturing and vice president of engineering, among others, at Shire. Sacco also has experience with guiding organizations through rapid change and growth, developing long term supply strategies, and the talent and human capital management of large organizations.
“This group of experienced people will help lead NewAge Industries into its next phase,” said Baker. “With the changes occurring in the global economy, the challenges of continuing to manufacture top quality products, and a 40,000 square foot expansion underway at our headquarters to add to our existing 125,000 square feet, this board will help plan the years ahead for NewAge, its customers and its employee-owners.”