The recent move of Indigo Ag
As of March 25th, Indigo Ag announced that John Frederick will become its new CFO, and Deborah Winshel will join its Board of Directors. Having joined Indigo Ag last year as an advisor to the Carbon business unit, John became Head of Carbon Commercial Operations last September. Previously, he was Chief Executive Officer and Chief Administrative Officer of Skillsoft's learning management software business. According to Jim Young, Indigo's CFO since September 2020, "this is the right time to pass the baton to John for the next phase of growth.” Also, Indigo CEO Ron Hovsepian said, “We are focusing on bringing in execution-oriented leaders to help us achieve break-out results in this acceleration phase.” As well, he highlighted John's prior experience with “specific focus on public companies”. As the Global Head of Social Impact for BlackRock, Deborah Winshel also launched the company's sustainable investing and environmental sustainability platforms.
In terms of products, Indigo has scaled back from its original "do everything" product suite and instead consolidated the main business units into two groups: Biological Products and Science/Digital Tooling. In a move that completed Indigo's transition from a digital merchant to a digital merchandising application provider, they announced on March 11th that The Andersons, Inc. will serve as the counterparty for Indigo's remaining legacy grain contracts, leveraging relationships and deep market expertise. To mature our technologies and drive greater value to growers and other partners in the agricultural ecosystem, we are now focused on creating a "leaner business platform with a single integrated strategy" - Ron Hovsepian.
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