Shiru, a plant-based ingredient biotech startup, has appointed three new advisors, including the former president and CEO of Tyson Foods, Dean Banks.
Tyson Foods, Inc. is an American multinational corporation. They are the world’s second-largest processor and marketer of chicken, beef, and pork and export the largest percentage of beef out of the United States. Now, the ex-CEO and president of the company, Dean Banks, is joining as an advisor for this plant-based ingredient company.
The company was founded in 2019 and is currently developing ingredients for gelatin, egg replacement, and structured fats functions. Shiru strives to transform the food industry by creating sustainable plant-based foods that don’t compromise taste or nutrition. They make cost-effective, animal-free ingredients with sustainable supply chains. The company also uses scientistic breakthroughs to redesign the food system from the molecule up.
Banks was appointed with two other members, Aaron Kimball, former CTO of Zymergen, and Blaine Templeman, former Chief Administrative Officer and Chief Legal Officer of Aduro Biotech. The three will be joined by industry veterans, including Rachel Konrad, ex-Chief Communications Officer of Impossible Foods, and specialty ingredients expert Mary T. Clarke.
“We’re thrilled to welcome Dean, Aaron, and Blaine to our advisory board and look forward to working together in our mission to feed people more sustainably,” said Jasmin Hume, PhD., founder and CEO of Shiru. “Their expertise in the food and technology industries will provide great benefits to Shiru as we continue to scale the company while discovering and producing next-generation ingredients for leading food companies.”
The three will Support Shiru with strategy, technology, and leadership as the company continues to grow and dive into the plant-based world. Amazingly, Banks is going from a massive company that has been known for its horrible treatment of animals and will now be working with a plant-based company.
The plant-based food market is booming, and research suggests it could make up 7.7 percent of the global protein market by 2030. With a value of $29.4 billion in 2020, experts suggest that the plant-based foods market could have a value of over $162 billion by the end of the decade.
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