Management ChangeJun 18, 2026, 04:02 PM
Local Bounti Executive Chairman, Lead Director Resign
AI Summary
Local Bounti Corporation announced the resignations of Executive Chairman Craig Hurlbert and Lead Independent Director Matthew Nordby, effective June 18, 2026. Their departures were not due to any disagreements with the company or its management. Following these changes, the Board reduced its size from eight to six members. The company appointed Travis Joyner as Chairman of the Board and Mark Nelson as Lead Independent Director, along with new committee assignments.
Key Highlights
- Craig Hurlbert resigned as Executive Chairman and Board member, effective June 18, 2026.
- Matthew Nordby resigned as Lead Independent Director and Board member, effective June 18, 2026.
- Their decisions were not based on any disagreement with the company or management.
- The Board reduced its size from eight to six members.
- Travis Joyner appointed Chairman of the Board, effective June 18, 2026.
- Mark Nelson appointed Lead Independent Director, effective June 18, 2026.
- New committee chairs appointed: Mark Nelson (Audit, Nominating), Pamela Brewster (Compensation).
- Craig Hurlbert will continue to serve as an employee of Local Bounti.
Price Impact
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