Home » The Stockton Group Welcomes Sagit Reich as Chief Financial Officer (CFO)
Welcomes Sagit Reich as Chief Financial Officer (CFO)
The Stockton Group (STK), a leader in the development of plant based biopesticides, announced today the appointment of Ms. Sagit Reich as Chief Financial Officer (CFO). Guy Elitzur, the Company’s long-time CFO, moved on to be the new CEO of the Stockton Group.
“As part of our journey to growth and success, we believe that Sagit is not only an expert in her field, but she is the ideal candidate to drive the financial growth in preparation for a Nasdaq IPO, as well as the company’s new focus on M&A activity,” said Guy Elitzur, CEO of Stockton Group. “I know that she will be a critical support for us to expand the Company’s visibility in the industrial arena, focus on investor opportunities and assimilate new market opportunities in this rapidly growing industry.”
Sagit is a Certified Public Accountant and holds a Bachelor degree in Accounting and Psychology from the Tel Aviv University, with over 15 years of extensive experience in finance and operation management. Most recently, she served as the CFO of Anyoption Group, a company in the binary option trading environment. Prior, she was the CFO of Comigo, which develops and sells Android-based TV platform technologies. Other management experience includes CFO of Quark Pharmaceuticals, which deals with discovery and development of novel RNAi-based therapeutics.
Summit Agro will distribute STK Botanical Biopesticides and Innovative ‘Hybrids’ in the USA April 15, (Petach Tikvah, Israel) – STK bio-ag technologies, the innovative Israeli leader in botanical sustainable crop protection, has partnered with Summit Agro U.S.A., which will become the exclusive distributor of STK products in the United States. Effective immediately, Summit Agro USA will assume the marketing and sales responsibility for STK products in the USA. Currently registered STK products, include TIMOREX GOLD® and Timorex ACT®. TIMOREX GOLD® is the world’s leading botanical-based biofungicide, used in nearly 40 countries and currently approved for use throughout the USA for a wide range of uses. Timorex ACT®, is a new OMRI – listed biofungicide for organic farming and conventional agriculture. Pending registration is REGEV®. REGEV® is the first ‘hybrid’ pre-mixed combination of a botanical-based biopesticide with a chemical pesticide. Comprised of Tee Tree Oil (TTO) and Difenoconazole, REGEV® is already used in approximately 15 countries and has proven activity on a wide range of horticultural and row crops. EPA registration is anticipated in the first quarter of 2020. In addition to the STK products, Summit Agro will also assume the STK non-exclusive rights to sell AVIV® biological fungicide in the US. Already successfully launched in the US, AVIV® offers broad spectrum disease control in key fruit and vegetable crops. CEO Arye Tennebaum of STK declared, “I am delighted to announce this partnership with Summit Agro. They are a world-class organization, with a great team of highly knowledgeable and dedicated professionals to help fruit and vegetable growers with STK’s cutting edge technologies for plant health and yield growth.” The President and CEO of Summit Agro USA, Bill Lewis, also commented, stating,” Summit Agro is very excited with this opportunity. The addition of the STK brands to the existing strong Summit Agro brand family will allow Summit Agro to offer a wide range of disease control options. We are confident that in coordination with our exclusive distribution partners, Helena Agri Enterprises and the Tenkoz Member Companies, we will be able to effectively deliver STK’s innovative biological and ‘hybrid’ solutions to growers all across the USA. We know these are outstanding products and we’re very proud to have been selected to represent them in the USA.” About STK Founded in 1994, STK is a bio-ag technology company committed to sustainable crop protection through the use of innovative biological products. STK’s botanical-based solutions (BBS), a synergy of cutting-edge scientific research and technology, enhance the safety, yield and quality of multiple crops. STK’s botanical and hybrid solutions are easily integrated into conventional spraying programs, helping to advance the Integrated Pest Management approach to food production. About Summit Agro Summit Agro USA, located in Durham, NC is focused on working with our partners to identify, develop, and deliver innovative solutions that meet the needs of growers across the United States. Summit Agro has a history of bringing innovative solutions to market and can manage the full process from initial development to sales. This integrated business approach enables us to provide reliable, high-quality products to US growers. Whether the need is for insecticides, fungicides, or herbicides, Summit Agro has a full range of product offers to meet the needs of our customers.
March 11, 2019 (Tel Aviv, Israel) – STK bio – ag technologies, the innovative Israel-based leader in bio-ag technologies and hybrid technologies for sustainable agriculture and aquaculture, and ADAMA , a global leader in crop protection products, are announcing an exclusive agreement for the distribution of Timorex® Gold botanical-based bio-fungicide and STK REGEV® ‘Hybrid’ fungicide throughout Colombia. Under this exclusive agreement, ADAMA will sell the products throughout Colombia under STK’s trade name, Timorex® Gold and STK REGEV®. Timorex® Gold is currently approved for use in Colombia for the following crops: Bananas, Rice, Ornamentals, Tomatoes, Avocados, Onions, Coffee, Corn, Tobacco, Potatoes, Passion fruit and Pitahaya. Colombia has also approved STK REGEV® on rice, with expected label extension on bananas, ornamentals, coffee and tomatoes. TIMOREX GOLD® is a highly effective and popular botanical-based bio-fungicide. Based on Tea Tree Oil, TIMOREX GOLD® is used by growers in nearly 40 countries throughout the Americas, Asia, Australia/New Zealand and Israel. TIMOREX GOLD® protects fruits and vegetables from a wide variety of diseases, substantially increases crop yields and quality, leaves no chemical residues, and makes TIMOREX GOLD® treated crops more competitive and agriculture more sustainable internationally. STK REGEV® is the world’s first ‘hybrid’ fungicide. It is used successfully in many countries and several regions of the world. A ready to use mix, STK REGEV® is used exactly as other fungicides, but with the added benefits of reduced chemical residues and much better resistance management due to its highly complex formulation of Tea Tree Oil and Difenoconazole. This easy to use fungicide serves as a ‘bridge,’ enabling farmers who have never used any biological product to try one, without having to mix, rotate or do anything differently, thereby expanding the use of biological products for sustainable agriculture. Commenting on the Agreement, STK CEO, Arye Tenenbaum declared, “We are very pleased to be partnering with such a great company as ADAMA, whose world-class team of experts will promote the use of these exceptionally innovative and highly-effective biological products to Colombian growers." ADAMA Andeans Countries CEO, Edgardo Iglesias commented, “TIMOREX GOLD® and STK REGEV® complement ADAMA’s portfolio in Colombia. With these highly-advanced technologies, we aim to continue providing valuable services and products to enable farmers to optimize yields and help them grow." STK Colombia Country Manager, Jose A. Estevez added, “I have great expectations for this strategic agreement to accelerate the STK market penetration and sales growth in Colombia.”
STK & Sipcam announce an exclusive Distribution Agreement for Timorex® Gold botanical-based biofungicide in Spain January 23, 2019 (Petach Tikvah, Israel) - STK bio – ag technologies, the innovative Israel-based leader in bio-ag technologies for sustainable agriculture, and Sipcam , a global leader in crop protection products, are announcing an exclusive agreement for the distribution and market development of Timorex® Gold bio fungicide throughout Spain. Under this exclusive agreement, Sipcam Iberia will market and sell the product throughout Spain under STK’s trade name, Timorex® Gold. Timorex® Gold is currently approved for use in Spain on cucumber and zucchini, with label extensions applied for grapes, tomatoes, eggplants, pumpkins and gherkins. Timorex® Gold is a highly- effective, eco-friendly, Maximum Residue Level exempted premium biofungicide, meeting the highest standards for sustainable agriculture. Timorex® Gold’s unique mode of action protects plants by rupturing fungus cells, increasing overall plant health and yields for a wide variety of fruits and vegetables. Timorex® Gold works to protect plants from Botrytis, Powdery Mildew, Black Sigatoka and many other fungal and bacterial diseases. While Timorex® Gold is currently used by growers in over 30 countries in various regions, Spain is the first country is Western Europe to approve its use. The plan is for Timorex® Gold to enter the rest of the Western Europe over the next few years. According to STK CEO Arye Tenenbaum, “The collaboration between STK bio – ag technologies & Sipcam Iberia is a testament to both companies’ commitment to sustainable agriculture and our mutual goal of providing innovative, effective and environmentally friendly solutions to growers. “ Sipcam CEO Pablo Montañés declared, “Sipcam has a rigorous process for identifying the most innovative and effective biological products and companies for distribution partnership. We look forward to our collaboration with STK and rolling out Timorex® Gold with great success bringing a highly-effective new tool to hundreds of Spanish growers, completing the already interesting Sipcam portfolio in bioprotection.”