Printer Friendly

OPTA FOOD INGREDIENTS APPOINTS LEWIS PAINE CHAIRMAN OF BOARD; FORMER CHAIRMAN, MARK SKALETSKY, REMAINS A DIRECTOR

 BEDFORD, Mass., June 24 /PRNewswire/ -- Opta Food Ingredients, Inc. (NASDAQ: OPTS) today announced that Lewis C. Paine III, president and chief executive officer of the company, has been appointed to the additional post of chairman of the board. Mark B. Skaletsky, Opta's former chairman and currently president and chief executive officer of Geltex, Inc., will remain a director of the company.
 "The appointment of Lew to chairman reflects the progress the company has made from a development-stage enterprise to a fully integrated and operational marketing company," Skaletsky said. "With his dedication to the development and commercialization of new food ingredients, we are confident Lew will continue to lead the company to even further heights in the future."
 Paine, 41, has served as Opta's president since its founding in 1991. He has also been a director since that time. Paine served as president of the Food Ingredients Division of Enzytech from October 1990 to May 1991. Prior, from 1974 to 1990, he was with Carnation and its parent company, Nestle, S.A. During that time, he served as vice president of marketing and new business development for the Refrigerated Products Division and as an International Marketing manager for Nestle in Switzerland.
 Opta develops and markets proprietary new food ingredients which enable consumer products companies to improve the nutritional content, healthfulness and/or taste of foods. The company applies advanced enzymology and protein- and carbohydrate-chemistry to develop ingredients that can replace nutritionally undesirable food elements, such as fats and oils, while preserving important characteristics, such as flavor, texture, mouthfeel and shelf life. Opta's product- development strategy is to modify inexpensive raw materials to produce natural food ingredients which can be considered Generally Recognized As Safe under current Food and Drug Administration regulations.
 -0- 6/24/93
 /CONTACT: Opta Food Ingredients, Inc., 617-276-5100/
 (OPTS)


CO: Opta Food Ingredients, Inc. ST: Massachusetts IN: FOD SU: PER

JG -- DE038 -- 5527 06/24/93 17:58 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 24, 1993
Words:321
Previous Article:NORTH COAST ENERGY REPORTS 41 PERCENT INCREASE IN NET INCOME FOR FISCAL 1993
Next Article:WINN-DIXIE NEW ORLEANS PRESIDENT NAMED
Topics:


Related Articles
OPTA FOOD INGREDIENTS, INC. REPORTS FIRST QUARTER FINANCIAL RESULTS
OPTA FOOD INGREDIENTS REPORTS SECOND-QUARTER RESULTS; TROMETER NAMED VICE PRESIDENT - FINANCE
OPTA NAMES KEVIN BUCK AS VICE PRESIDENT, BUSINESS DEVELOPMENT
MARK SKALETSKY NAMED PRESIDENT AND CEO OF GELTEX INC.
OPTA FOOD INGREDIENTS REPORTS INCREASED THIRD-QUARTER REVENUE; CONTINUED INVESTMENT IN PRODUCT R&D
INDUSTRY EXECUTIVE, GLYNN MORRIS, AND AKIVA T. GROSS, SENIOR VP OF RESEARCH AND DEVELOPMENT, NAMED TO OPTA FOOD INGREDIENTS BOARD
OPTA FOOD INGREDIENTS, INC. GRANTS PFIZER FOOD SCIENCE GROUP INTERNATIONAL LICENSES FOR OPTAGRADE FAT REPLACER AND OPTA OAT FIBERS
OPTA FOOD INGREDIENTS TO EXPAND LOUISVILLE PLANT
OPTA ANNOUNCES ADDITIONAL CASH EQUITY OF $4 MILLION RESULTING FROM WARRANT EXERCISES
OPTA FOOD INGREDIENTS, INC. APPOINTS NEW RESEARCH AND DEVELOPMENT VICE PRESIDENT

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters