(2241)#foodfodie | Bumble Bee CEO joins board of plant-based Good Catch’s maker

Dive Brief:

  • Gathered Foods, makers of Good Catch plant-based seafood products, announced Jan Tharp, president and CEO of Bumble Bee Foods, is the newest member of its board of directors.
  • The appointment comes shortly after Bumble Bee announced its partnership with Good Catch to help bring plant-based fish to consumers nationwide.
  • Tharp has more than 30 years of experience in the food industry, including more than a decade in seafood. Gathered Foods CEO and Co-Founder Chris Kerr said in a release that Tharp's voice and knowledge will help them make plant-based seafood readily available as the "demand for protein alternatives is rapidly changing and evolving in the food industry."

Dive Insight:

As plant-based products make waves, more traditional protein companies are making changes to accommodate them. 

Last month, Bumble Bee and Good Catch announced their partnership. As Tharp joins Gathered Foods' board of directors, the seafood giant is getting an even bigger foothold in the plant-based food company. Bumble Bee was already planning to leverage its sales, distribution and logistics expertise to get Good Catch to consumers at affordable prices. Having its CEO on the board will help make sure that happens. 

While the two companies remain independent, the release said Tharp's addition to the Gathered Foods' board ensures that both Good Catch and Bumble Bee "continue to grow in a sustainable, innovative direction."​ 

This partnership and board position could be a positive step for Bumble Bee. The seafood giant has struggled in recent years, filing for Chapter 11 bankruptcy in November. It came to that point following a guilty plea in a tuna price-fixing case in 2017. The company was fined $25 million, and then entangled in related civil lawsuits.​ 

On top of the company's legal and financial troubles, there has been less consumer demand for canned tuna in recent years. Younger generations tend to view canned foods as not fresh and traditional protein as not sustainable. 

Tharp took over as CEO of Bumble Bee in 2018, after former executive Chris Lischewski stepped down following his indictment and eventual guilty verdict in the price-fixing case. Before she was the top executive, Tharp served as the company’s chief operating officer.

Retrieved from Jan Tharp via Bumble Bee on April 06, 2020

 

Source link