Tuesday, 20 February 2007

Share price Soars with New Addition & U.S. Exposure

Yesterday, Neptune announced that Mr. Thierry Houillon, a recently appointed member of Neptune's Board of Directors and previous CEO of Danone Canada, has joined Neptune as the Vice President, Business Development, Functional Food.
Click here for the full release.

This appointment further solidifies Neptune's dedication to entering the functional food industry in the near-term, which was what initially attracted us to the story.

Investors seem impressed as well - Neptune's share price soared Monday to a high of $6.35, closing at $6.29.

It is important to note that Neptune has also increased its exposure in the U.S. with a series of meetings last week. New eyes are constantly being introduced to the story and positive news certainly helps.

Mr. Houillon brings over 22 years of experience in the food industry including three years as the CEO with Danone Waters Canada, two years as the CEO of Danone Tunisia and seven years as the CEO of Danone Yogurt Canada during which time Danone was transformed from a regional producer to a national leader. During his tenure with Danone, Mr. Houillon attained an exceptional background in management processes, marketing, quality control and knowledge of the food industry.