LEADING SUSTAINABLE AGTECH – REDSEA – ENHANCES ITS BOARD WITH TWO SENIOR APPOINTMENTS
Larkin Martin and Steve Dauphin join with immediate effect.
Riyadh, Saudi Arabia – 6 March, 2023
RedSea, the sustainable AgTech business whose pioneering technology enables commercial farming in hot climates globally, announces a significant boost to its Board of Directors with two senior appointments: Larkin Martin and Steve Dauphin.
Larkin Martin is vastly experienced in agriculture and has held various prestigious positions. Larkin is a seventh-generation farmer who manages Martin Farm (Alabama) and is Vice President of The Albemarle Corporation. Both are family businesses with interests in agriculture and timberland. She has held these positions since 1990.
Larkin also holds Directorial positions at the Soil Health Institute; NYSE-listed Rayonier Inc., a timberland REIT; and Truxton Trust – a private bank. She is Chairman of Servico – a cotton ginning and agricultural services business, and is a past Chairman of the Federal Reserve Bank of Atlanta and of The Cotton Board.
Steve Dauphin is a Founding Partner of Bonaventure Capital, with over 25 years of venture capital investment experience. For the last decade, he and the team at Bonaventure have focused on backing values-driven teams on missions to solve historically intractable problems. The firm has invested in the U.S., Mexico, Canada, Central America, Peru, Kenya, Sweden, Spain, the UAE and the Caribbean.
Today’s announcement is further evidence of RedSea’s growth and ambition. The appointments follow the recent C-Level additions of Bruno de Oliveria as Chief Agricultural Officer and Branko Lovic as Chief Plant Science Officer.
Ryan Lefers, co-founder and CEO of RedSea, said:
“We are thrilled to welcome Larkin and Steve to our Board of Directors. Their experience in agriculture will be invaluable and help RedSea to the next stage of growth and expansion. It is a sign of RedSea’s ambition and progress that we have attracted such talent. Larkin and Steve will enhance our mission and our governance as we seek to deliver the latest technologies for sustainable agriculture in hot climates globally.”
Larkin Martin commented:
“I am very excited to join the Board of RedSea. Its new, innovative technologies are set to transform the sector and positively impact food production globally. I am excited to provide my support and advice to the company.”
Steve Dauphin said:
“At the heart of RedSea is its mission to help feed the world sustainably. Our firm is committed to helping the team do this by building a great company, with great products and service, that creates significant value for its stakeholders.”
RedSea offers pioneering, needs-based design of sustainable agriculture technologies for the world’s hottest climates. RedSea’s platform of proprietary technologies spans from the crops’ roots to the roof of the greenhouse and includes: resilient plant science and genetics, sustainable active and passive cooling systems, greenhouse roofs which allow visible light through whilst absorbing the heat, and a data enterprise remote monitoring and control system.
RedSea’s goal is to become a world leader in providing sustainable technologies for hot climates, pioneering sustainable solutions to tackle food insecurity. The company’s technologies are now deployed and being used by growers in seven countries globally. They are also used at RedSea’s own facilities enabling high quality produce delivered to major national retailers across Saudi Arabia under the Red Sea Farms brand.
The company also has a growing portfolio of high-profile partnerships, including providing sustainable agriculture technologies for farm facilities at leading developers like Red Sea Global, and Abu Dhabi’s leading fresh produce and AgTech company – Silal.
