Allen Stevens Ph.D Retires From Seminis.SATICOY, Calif.--(BUSINESS WIRE)--Nov. 2, 1999-- Allen Stevens Ph.D., vice president of research and development for Seminis, has announced his retirement, effective today. During his prolific 42-year research and management career, Dr. Stevens, a world-renowned tomato geneticist, pioneered the development of varieties on which many of today's commercial hybrid tomatoes are based. In addition to his key management position at Seminis, Dr. Stevens previously served as vice president of agricultural research at the Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. and professor and geneticist at the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Davis. "Dr. Stevens' contribution to Seminis has been enormous," said Alfonso Romo Garza, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "His commitment to breeding and the development of new technologies has brought Seminis to the preeminent position in the vegetable seed industry." In honor of Dr. Stevens' contribution to the industry, Seminis will award yearly the "Dr. Allen Stevens Breeding Excellence Award," beginning in 2000, to a plant scientist for outstanding achievement in plant breeding or technology development applicable to plant breeding. "Through this award we hope to perpetuate the passion and dedication Dr. Stevens has shown in the development of outstanding plant varieties," said Romo. Dr. Stevens successor will be announced separately, according to Seminis. Seminis (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SMNS) is the largest developer, producer and marketer of vegetable seeds in the world. The company uses seeds as the delivery vehicle for innovative agricultural technology. Its products are designed to reduce the need for agricultural chemicals, increase crop yield, reduce spoilage spoilage decomposition; said of meat, milk, animal feeds especially ensilage. , offer longer shelf life, create better tasting foods and foods with better nutritional content. Seminis has established a worldwide presence and global distribution network that spans 120 countries with 70 research stations in 19 countries and production sites in 32 countries. Seminis is a majority owned subsidiary of Savia (NYSE NYSE See: New York Stock Exchange : VAI VAI Voest-Alpine Industrieanlagenbau (Austrian company) VAI Video As Input VAI Voluntary Action Indicated (US FDA) VAI Volleyball Association of Ireland VAI Video Assisted Instruction ), a Mexico-based conglomerate with leadership positions in financial services, packaging and fresh foods. THE SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and OF 1995. The statements in this press release that are not historical facts are forward-looking statements that involve risks and uncertainties, including but not limited to, risks associated with the inherent uncertainty of research, product development and commercialization, the impact of competitive products, patents, and other risks and uncertainties, including those detailed from time to time in periodic reports, including the S-1 Prospectus filed with the Securities and Exchange Commission. |
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