Marrone Bio Innovations Inc (NASDAQ:MBII) (FRA:0MB), an international leader in providing growers with sustainable bio-protection and plant health solutions to support global agricultural needs, announced Thursday that Suping (Sue) Cheung has been appointed chief financial officer.
She starts February 18, succeeding James Boyd, who had announced his intention to retire.
Marrone Bio said that Cheung, a certified public accountant, brings to Marrone Bio 28 years of experience in international strategic and financial operations, including financial reporting, forecasting, and budgeting, mergers and acquisitions, equity and debt financing, internal controls, and investor relations.
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Most recently, she was the CFO for QuickLogic Corporation (NASDAQ:QUIK) (FRA:QKL1) for five years, and corporate controller in the eight years before that promotion. Prior to QuickLogic, she has held senior roles at both publicly-traded and privately-held companies in accounting, finance, and operational management, and began her career as an auditor and tax consultant at PricewaterhouseCoopers (PwC).
“We are delighted to have Sue join our leadership team, and look forward to her contributions to accelerating our global growth,” said CEO Kevin Helash in a statement. “Sue’s international experience is the ideal fit for Marrone Bio as we pursue a range of opportunities to cement our leadership in agricultural biologicals, while effectively managing costs and driving toward profitability.”
Cheung added: “I am excited to join Marrone Bio at this important juncture in the company’s evolution, and to carry forward its initiatives to drive operational excellence, global expansion and greater shareholder value. Together, we have the opportunity to accelerate our path to profitability and fully deliver on the promise of our technologies and our pipeline.”
As CFO, Cheung will lead Marrone Bio’s global finance organization and will be responsible for accounting, treasury, tax, financial planning and analysis, information technology and investor relations. She will be a member of the company’s executive leadership team.
Cheung is a graduate of Soochow University with a bachelor’s degree in financial management, and holds a master’s in accounting and a doctorate in business administration, both from Florida International University. She also completed the executive program at the Stanford University Graduate School of Business.
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