PORTLAND, Ore., March 25, 2003 –
Gardenburger, Inc. (OTCBB: GBUR) announced today the election of Charles E. Bergeron to its Board of Directors effective March 11, 2003. Bergeron fills the vacancy on the Board created by the increase in the number of positions constituting the Board of Directors of the Company. Bergeron has also been appointed to the Board’s Finance and Audit Committee and will serve as Committee chair.
Bergeron brings with him over three decades of financial experience. After starting his career at IBM Corporation, Bergeron has worked with Freightliner Corporation and OraSure Technologies, Inc. (formerly Epitope, Inc.), serving as its CFO. Bergeron holds a BS in Management Engineering from Rensselaer Polytechnic Institute, an MS in Management Science from Rensselaer Polytechnic Institute, and an MBA in Finance from Columbia University, Graduate School of Business.
Founded in 1985 by GardenChef Paul Wenner, Gardenburger, Inc. is an innovator in meatless, low-fat food products. The Company distributes its flagship Gardenburger® veggie patty to more than 30,000 food service outlets throughout the United States and Canada. Retail customers include more than 24,000 grocery, natural food and club stores. Based in Portland, Ore., the Company currently employs approximately 180 people.
Statements in this press release about future events or performance are forward-looking statements that are necessarily subject to risk and uncertainty. The company’s actual results could be quite different. Important factors that could affect results include the company’s reliance on product acceptance, the company’s ability to execute its retail distribution plan, effectiveness of the company’s sales and marketing efforts, and intense competition in the veggie burger and other meat alternatives industry, which the company believes will increase. Other important factors that could affect results are set forth in the company’s Annual Report on Form 10-K for the year ended September 30, 2002 and the company’s 2002 Annual Report to shareholders. Although forward-looking statements help provide complete information about the company, investors should keep in mind that forward-looking statements are inherently less reliable than historical information.