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Board Member Exodus Hits Hampton Creek, a Healthy Food Start-Up

Andrew Noyes, a spokesman for Hampton Creek, provided what he said was a joint statement from the four board members in which they said they would remain advisers to the company.

“We continue to fully support Hampton Creek and its C.E.O., Josh, in their exciting and important mission to change the food industry for the better of all people,” the statement said. “We will advise Josh and the team on strategies across all areas of its business moving forward.”

Two other people — Bart Swanson of Horizons Ventures, an investment firm, and Lynne Benioff, the wife of Marc Benioff, the chief executive and a Hampton Creek investor — left the board before the recent round of departures.

Representatives for Ms. Benioff and Mr. Bauccio declined to comment while the other former board members or their representatives did not immediately respond to requests for comment.

In a post on Hampton Creek’s website on June 5, the company said it had recently uncovered an attempt to “derail” its mission. It added that “three senior managers have been terminated for attempting to change our company’s corporate governance, which in the process would have stripped our employees of the autonomy to direct our long-term mission.”

Mr. Tetrick told The Guardian at the time that the changes could have meant investors could gain greater sway over Hampton Creek, allowing them to pressure the company into accepting buyout offers and creating products that were not in harmony with its values.

“Ensuring our employees maintain their ability to direct our mission is as critical as the technologies we deploy and the products we launch,” Mr. Tetrick said in a statement last month after firing the managers. “We will always protect this principle.”

Mr. Noyes, the Hampton Creek spokesman, said the company was seeking to add new members to its board.

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Source: New York Times – Technology



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