Marrone Bio Innovations, a provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets, announces that James Iademarco, president and chief operating officer since January 2015, has decided to resign effective Aug. 31. To assist with the transition of various pending matters, Iademarco has agreed to remain available to advise the company in a consulting capacity for an additional period of up to 90 days.
“We very much appreciate James’ contributions to the company, and we wish him the best in his future business endeavours,” says Elin Miller, chairman of the board.
The company also announces it has completed a $40 million loan financing. The company currently intends to use the proceeds of the loan for working capital and other general corporate purposes.
