Monterey Gourmet Foods, Inc. - Finest Quality
Casual Gourmet Foods, Inc. Cibo Naturals Emerald Valley Kitchen Monterey Pasta Company Sonoma Cheese Company

Back to Home Current Stock Live Web Cast

About Us Investor Relations Our Brands Contact Us



Press Releases


Monterey Gourmet Foods Announces Director’s Retirement and Addition of New Director

For Immediate Release
November 29, 2007

Contact: Eric Eddings, CEO, erice@montereygourmetfoods.com
Scott Wheeler, CFO,scottw@montereygourmetfoods.com

Salinas, CA – November 13, 2007 – Monterey Gourmet Foods (NASDAQ: PSTA) today announced that Director F. Christopher Cruger will retire from the Board of Directors effective December 31, 2007. Mr. Cruger has been a director since 2001.

Mr. Van Tunstall, Chairman of the Board of Directors stated: “The Board of Directors wishes to acknowledge the significant contributions made by Chris Cruger to Monterey Gourmet Foods over the past seven years and thank him for his service. Chris's general management experience and his strategic insight and counsel have been of great value to Monterey Gourmet Foods over the years".

On November 6, 2007, the Board of Directors of the Company confirmed Mr. Viji Sampath’s acceptance of his election as a director of the Company effective January 1, 2008, filling the position vacated by Mr. Cruger. Mr. Sampath has over 25 years corporate and management consulting experience in corporate development, strategic planning, mergers and acquisitions, and international business development. His industry experience includes senior Corporate Planning and Development positions at ConAgra, Baskin-Robbins, Basic American Foods, and Hunt-Wesson Foods. As a senior manager at Price Waterhouse, Mr. Sampath led manufacturing strategy, financial and general management consulting engagements for companies in consumer products, food processing, and quick service restaurant industries.

Mr. Sampath has initiated and successfully closed several middle market acquisitions, joint ventures, and strategic alliances in the food industry. These transactions involved public and private companies in N. America, Asia, Australia, South Africa, and Dubai.
Mr. Sampath has earned a Bachelor of Science degree in Chemical Engineering from University of Madras, India; a Master of Science degree in Chemical Engineering from Illinois Institute of Technology, Chicago, Illinois; and a Master of Business Administration degree in Finance from Illinois Institute of Technology, Chicago, Illinois. Mr. Sampath will serve on the newly created Strategic Growth Initiatives Committee of the Board of Directors.

Commenting on Mr. Sampath’s acceptance of his election as a director, Mr. Tunstall stated, "We are very pleased to be able to attract a person with Viji's qualifications to our Board. His proven expertise in strategic business issues and his many successful years in Corporate Development will be very helpful as we continue to add value to Monterey Gourmet Foods".

Founded in 1989, Monterey Gourmet Foods produces over 100 fresh gourmet food products for the premium food consumer that are distributed in more than 10,000 retail and club stores throughout the United States, selected regions of Canada, the Caribbean, Latin America and Asia Pacific. Monterey Gourmet Foods’ USDA-inspected fresh refrigerated gourmet food products are produced at facilities in Salinas, (Monterey County) California; Eugene, Oregon; and Seattle, Washington. For more information about Monterey Gourmet Foods, visit www.MontereyGourmetFoods.com.

 

Back to Press Releases

Latest Webcast

Q1 2008 Monterey Gourmet Foods Earnings Conference Call
Thursday, May 8, 2008 10:00 a.m. PT
http://phx.corporate-ir.net/playerlink.zhtml?c=109499&s=wm&e=1832538



Casual Gourmet Foods, Inc. Cibo Naturals Emerald Valley Kitchen Monterey Pasta Company Sonoma Cheese Company

For more information or questions about our products please contact us.

Monterey Gourmet Foods, Inc.
1528 Moffet Street Salinas, CA 93908  |  Phone: 831-753-6262  |  Fax: 831-753-6255  |  Contact Us

Web site © 1998-2008 Monterey Gourmet Foods, Inc. All Rights Reserved.  |  Site Credits