Calyxt CEO Jim Blome leaves

  • Push-out Score determined
  • After less than two and a half years in the position
  • Praise, thanks and good wishes for Blome
  • Yves Ribeill taking over in the interim
  • Search for a successor
  • Blome said 77 words

(exechange) — Roseville, Minnesota, February 19, 2021 — Jim Blome, chief executive of Calyxt, leaves. As announced by Calyxt Inc. in a news release and in a regulatory filing published on Friday, February 19, 2021, James A. (Jim) Blome leaves his post as chief executive officer at the plant-based technology company after less than two and a half years in the role, effective immediately.

Calyxt will undertake a search for a successor.

Jim Blome’s duties as CEO will be taken over in the interim by Yves Ribeill, most recently Chair of the Calyxt Board of Calyxt Inc., as Executive Chair.

“To pursue other opportunities”

Jim Blome’s departure from the CEO post is explained as follows. Calyxt said: “Jim Blome … is leaving to pursue other opportunities.”

Precise information regarding Jim Blome’s future plans was not immediately available.

“Ceased serving”

Calyxt further said: “[E]ffective February 19, 2021, Mr. Blome ceased serving as the Company’s Chief Executive Officer.”

Share price decline since October 2018

The announcement follows a decline in Calyxt Inc.’s share price of 29% since October 2018. October 2018 is the month in which Blome’s tenure as CEO began.

In the position of CEO since 2018

Jim Blome became CEO of the Company in 2018.

James A. Blome has served as the Company’s Chief Executive Officer since October 2018.

Prior to joining Calyxt, Blome served as the President and CEO for Bayer CropScience, LP (North America) since June 2011, where he led the North America seed and crop protection businesses.

Prior to his position at Bayer CropScience LP, he held executive positions at Valent (Sumitomo Chemical) and Agriliance LLC. Since February of 2015, Blome has served on the Board of Concentric Ag Technologies, Inc. and now serves as the Lead Independent Board Director.

Blome also served as the Chairman of CropLife America beginning in 2017 to September of 2018 and Founding Chairman of the U.S. Farming and Ranching Foundation from October 2015 to 2018.

Blome is the 2013 recipient of the Henry A. Wallace Award from Iowa State University for outstanding leadership and service to agriculture.

Blome is a graduate of Iowa State University.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding Jim Blome’s move on a scale of 0 to 10.

exechange reached out to Calyxt and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 8.2021 ($).