April 20, 2024


The business lovers

Impossible Foods Names New CFO

David Borecky

Difficult Foods interim chief financial officer, David Borecky, has been promoted to finance chief as the plant-based meat maker prepares for rapid progress and a possible IPO.

Borecky, who joined the organization in 2019 as chief accounting officer and served as interim CFO for 6 months, was beforehand the controller for Stripe and held senior management positions at cellular payments company Square. When at Square, he helped guide its IPO registration approach in 2015. 

In April, Reuters described the Over and above Meat rival was wanting into likely community as a result of an IPO in the subsequent calendar year or a merger with a distinctive reason acquisition organization. The community listing could price Difficult Foods at $ten billion or more. 

Difficult Foods has scaled considerably considering that early 2020, including an expansion into Canada and a more than 150-fold progress of its retail footprint. 

“Meeting the unparalleled demand for Difficult goods though continuing to commit in R&D and technologies is what fuels our prolonged-phrase progress,” Borecky claimed. “As CFO, my goal is to make an effective, knowledge-pushed, and scalable finance operation that provides on the assure of our mission for people, traders, and the world.”

Difficult Foods also employed veteran human assets executive Leilani Gayles as chief men and women officer. Leilani joins the organization after a decade operating for the San Francisco Giants, in which she was senior vice president and chief men and women officer.  

“Leilani and David are incredible leaders who share our eyesight of turning back again the clock on weather transform by transforming the world wide foods process,” claimed Difficult Foods’ CEO and founder Dr. Patrick O. Brown.

In its 2021 Condition of Meat in Foodservice sector report, Difficult Foods identified plant-based foods retail sales have grown 43{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad} in the previous two years, which outpaced overall foods sales progress by nine instances. In 2020, plant-based meat sales elevated by forty five{ae9868201ea352e02dded42c9f03788806ac4deebecf3e725332939dc9b357ad}.

CFO, David Borecky, Difficult Foods