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Sadot Group Inc. Announces the Appointment of Catia Jorge as New CEO
Sadot Group Inc. (Nasdaq:SDOT) ('Sadot Group' or the 'Company') announced today the appointment of Catia Jorge as its new Chief Executive Officer.
Ms. Jorge will report to the Board of Directors and will lead Sadot's strategic initiatives, global operations, and business growth efforts to maximize the company's long-term potential.
Ms. Jorge is a highly respected veteran in the industry and brings nearly 30 years of experience in agricultural markets, commodity trading, and operational leadership. Most recently, she served as the Country Head of Brazil and Vice President and Business Head of Grains for Latin America at Olam Agri, where she managed an annual revenue portfolio of $1 billion. Prior to Olam, she held leadership positions at Cargill Agricola South America, exporting over 7 million metric tons (7.7 million tons) of grain annually, as well as leadership roles at J. Macedo. Ms. Jorge has a proven track record in scaling global agricultural businesses and driving operational excellence.
"Catia's deep experience in global agricultural markets, her leadership acumen, and strategic vision make her the perfect person to lead Sadot in its next stage of expansion," stated Kevin Mohan, Chairman of the Board of Directors. "She is a strong and collaborative leader with a reputation for developing unique solutions that consistently drive growth and value. Over the past two years, our team has built a solid foundation, and Catia is the right leader at the right time to accelerate growth and take us to the next level, establishing Sadot as a leading player in the global food supply chain."
Regarding her new role, Ms. Jorge commented: "It's an exciting time to join Sadot, and I look forward to working closely with this talented team. With a powerful global platform poised for growth, we are well-positioned to capitalize on significant opportunities in the global food sector. Our focus is clear: aggressively execute our multi-pronged growth strategy to drive significant increases in revenue and profitability, along with streamlining operations to unlock the full potential of this company."
Ms. Jorge succeeds Michael Roper, who will transition to a new executive role as Director of Governance and Compliance, overseeing the company's regulatory and capital market requirements. Mr. Roper will also continue to lead the previously announced initiative to divest the company's remaining restaurants.
Mr. Roper added: "I am incredibly proud of what we have achieved during my tenure as CEO. We have positioned the company as a highly competitive and agile player in the global food supply chain, and now is the perfect time to bring in an industry veteran like Catia to lead the next stage of growth. I look forward to supporting her and the entire team in this transition as we drive Sadot to new heights."
Ms. Jorge holds a master's degree in Agribusiness from Kansas State University and a master's degree in Global Trade from the University of Dallas, further equipping her to lead Sadot Group in its next phase of expansion.
About Sadot Group Inc.
Sadot Group Inc. has quickly established itself as an emerging player in the global food supply chain. Sadot Group offers innovative and sustainable supply chain solutions that address the growing challenges of global food security.
Currently, Sadot Group operates in key verticals of the global food supply chain, such as the production and marketing of agri-food products like soybean meal, wheat, and corn, and in farming operations producing grains and tree crops in southern Africa.
Sadot Group connects producers and consumers worldwide, sourcing agri-food products from producing geographic areas such as the Americas, Africa, and the Black Sea, and distributing them to markets in Southeast Asia, China, and the Middle East and North Africa region.
Sadot Group is headquartered in Burleson, Texas, with subsidiaries in the United States, Brazil, Canada, Colombia, India, Israel, Singapore, Ukraine, United Arab Emirates, and Zambia. More information: www.sadotgroupinc.com.
Forward-Looking Statements
"This press release may include 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products, or markets, or makes statements about future events, such statements are forward-looking in nature."
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