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Upside Foods Appoints Veteran Cleantech Finance Leader As Chief Financial Officer and Promotes Svp To Chief Supply Chain & Manufacturing Officer

Jan 31, 2024over 1 year ago

Position

Chief Supply Chain And Manufacturing Officer

Company

Upside Foods, Inc.

Sheetal Shah
BerkeleyFood And Beverage

Description

UPSIDE Foods strengthens executive team with the appointment of Jeremy Hux as Chief Financial Officer and the promotion of Sheetal Shah to Chief Supply Chain and Manufacturing Officer.

Company Information

Company

Upside Foods, Inc.

Location

804 HEINZ AVE., STE. 200

Berkeley, California, United States

About

Based in Berkeley, CA, UPSIDE Foods (formerly known as Memphis Meats) is reimagining meat for the 21st century — delicious new sources of meat, fish, and poultry that also address environmental sustainability, animal welfare, and public health concerns. By cultivating meat directly from animal cells, without the need to raise or slaughter animals, the company released the world's first cultivated meatball in February 2016 and the world's first cultivated poultry in March 2017. In November 2021 it opened its Engineering, Production, and Innovation Center (EPIC), the most advanced cultivated meat production facility in the world. It aims to bring to the market delicious, real meat that is significantly better for the environment, animals, and public health, while claiming a share of the $1.4 trillion global market for meat. UPSIDE Foods has raised over $200 million, including a $186 million series B round.

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Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months