New CFO brings extensive finance and capital markets expertise
Vancouver, British Columbia–(Newsfile Corp. – June 26, 2024) – Burcon NutraScience Corporation (TSX: BU) (OTCQB: BRCNF) (“Burcon” or the “Company”), a global technology leader in the development of plant-based proteins for food and beverages, is pleased to announce that Robert Peets, an experienced strategy and finance executive, has been appointed Chief Financial Officer of the Company, effective July 1, 2024. He will serve in a partial capacity and will succeed Jade Cheng, who has decided to step down from his role as CFO, effective June 30, 2024, to take personal leave and pursue new opportunities.
Mr. Peetz has extensive experience in financial management, strategic planning and capital markets over his successful 30+ year career. Currently, Mr. Peetz serves as the fractional CFO for multiple technology companies, leading the development of corporate and financial strategies. Previously, he was a Partner in the venture investing division of TELUS Ventures, where he was part of a team managing a $400 million investment portfolio and personally executed over 50 equity and debt transactions for venture-backed companies.
“I am excited to join Burcon’s talented team and apply my experience to drive Burcon’s financial growth and operational efficiencies,” said Robert Peetz. “I look forward to working with Burcon’s leadership team as we continue to execute on our business plan.”
Kip Underwood, Burcon’s Chief Executive Officer, commented, “On behalf of the entire Burcon team and the Board of Directors, I would like to sincerely thank Jade for her contributions and leadership to Burcon over the past 20+ years. I would personally like to thank Jade for her guidance and commitment to Burcon over her first year and a half as CEO. I will miss Jade and wish her all the best in her future endeavors. Looking forward, we are pleased to welcome Robert to the team. He will bring immediate credibility to our capital markets approach and will enhance our overall capital strategy.”
Jade Chen, Chief Financial Officer of Burcon, commented, “It has been a pleasure working with our talented team and contributing to Burcon’s growth over the past 25 years. I am proud of our company’s performance and look forward to Burcon successfully executing its capital-light business model. I wish the team continued success as they continue to bring innovative technology to market.”
Robert Peetz
Mr. Peetz has served as Chief Financial Officer at several companies across a variety of sectors, including software, green technology and manufacturing. Previously, he was a partner at TELUS Ventures, the strategic investment arm of TELUS Corp, a $31 billion communications company, for 10 years, where he led corporate venture capital investments in over 30 companies and served on the TELUS board of directors on 25 company boards. Other experience includes time at PricewaterhouseCoopers, Aviso and the Royal Bank of Canada. Mr. Peetz holds an MBA from Western University’s Ivey School of Business and is a CFA charterholder.
About Burcon NutraScience Corporation
Burcon is a global technology leader in the development of plant-based proteins for food and beverages. Our proteins offer superior functionality, taste and nutritional value, making them ideal ingredients for food manufacturers. With over 20 years of experience, Burcon has accumulated an extensive patent portfolio on novel plant-based proteins extracted from a variety of plant sources, including pea, canola, soy, hemp and sunflower seeds. Burcon is focused on delivering next-generation best-in-class protein solutions and has positioned itself as a major player in the rapidly expanding plant-based market. Supporting the growing trend toward a plant-based diet, Burcon offers sustainable protein ingredients that we believe are better for our customers and the planet. For more information, please visit www.burcon.com/. Click here for details.
Caution Regarding Forward-Looking Information
The TSX has not reviewed and does not assume responsibility for the adequacy of the contents of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements or forward-looking information involve risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements or forward-looking information can be identified by words such as “anticipate,” “aim,” “intend,” “plan,” “goal,” “project,” “estimate,” “expect,” “believe,” “future,” “likely,” “may,” “should,” “could” or “will” or similar references to future periods. All statements included in this release, other than statements of historical fact, are forward-looking statements. There can be no assurance that such statements will prove accurate, and actual results and future events may differ materially from those anticipated in such statements or information. Important factors that could cause actual results to differ materially from Burcon’s plans and expectations include the implementation of the Company’s business model and growth strategy, trends and competition in the industry, the Company’s future business developments, financial condition and results of operations, the ability to obtain financing cost-effectively, potential changes in government regulation and other risks and factors detailed from time to time herein and in Burcon’s filings with securities regulatory authorities and stock exchanges (including the “Risk Factors” section of Burcon’s Annual Information Form for the year ended March 31, 2024 and other public filings on SEDAR+ with Canadian securities regulatory authorities). Click here for detailsThis list is not exhaustive of the factors that may affect our forward-looking statements or information. Any forward-looking statements or information speak only as of the date they are made, and, except as required by applicable securities laws, Burcon disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Although Burcon believes that the assumptions inherent in its forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, investors should not rely on such statements.
Industry and Investor Contacts
Paul Lamb
Director of Investor Relations and Communications
Burcon Nutrascience Corporation
Phone: (604) 733-0896, Toll Free: (888) 408-7960
Email: Click here for details
Media Contact:
Steve Campbell, APR
president
Campbell & Company Public Relations
Phone: (604) 888-5267
TECH@CCOM-PR.COM
