Several months after raising 90 million USD from China-based Sichuan Hebang in exchange for a 51% equity stake, Stockton is announcing changes in its top management.
As part of the changes, Guy Elitzur, the company’s CFO & COO will be appointed to the position of CEO as of 1.1.2016.
Ziv Tirosh, who, together with his family holds the remaining 49% of the Stockton Group equity, will leave the position of CEO to lead two strategic undertakings from his Board of Directors’ position: the company’s preparations for a Nasdaq IPO, as well the company’s new focus on M&A activity, with the intention of accelerating growth through the acquisition of companies and technologies in the biocontrol arena, and their subsequent addition to the company’s bio product portfolio.
Guy Elitzur is a Certified Public Accountant who also holds a LL.M. (Law). Guy has been in his current position for the past 4 years. Previous positions include CFO of Angioslide, in addition to several financial assignments at Gilat Satellites, a NASDAQ traded company.
Stockton was founded by Peter Tirosh 20 years ago, and until 1.1.2016 will have been managed by Ziv Tirosh. The Stockton Group developed Timorex Gold, its first commercial biopesticide, which today is being successfully sold in 20 countries for use with a wide range of crops including rice, coffee, grapes, tomatoes and bananas.
According to Stockton, the changes are intended to support the accelerated growth plans following Sichuan Hebang’s investment, as well as supporting the shareholders' vision of transforming Stockton into a world leader in the area of biocontrol.
Lately the company has obtained regulatory approvals for Timorex Gold in the USA. The investment will support both an accelerated penetration into American and other markets, together with the development of additional commercial biocontrol products. Stockton’s R&D includes in-house projects, as well as collaborations with research and academic institutions around the world.
Ziv Tirosh states that “now, after the investment, this top management change is necessary, as it will allow us to better focus management resources accordingly for accelerated growth in the coming years. It is clear to us that Guy is the right person for the CEO position at this time. He’ll do a great job.”
According to the investment agreement, Stockton will continue being headquartered in Israel with Sichuan Hebang’s controlling shareholder, Mr. He Zhenggang, acting as its Chairman.
For more information:
Judy Jamuy
Stockton Group
Tel: +972 72 257 0012
Fax: +972 72 257 0013
skype: judy.jamuy.stockton
www.stockton-ag.com
www.facebook.com/stocktongroup






Announcements
Job Offers
- Head Grower Greenhouse Canada
- Post Entry Quarantine Facility Manager
- Economic Policy Officer Agri-Tech Kentucky
- Licensing Manager North America
- Junior Sales Executive
- Fruit Breeder/Trait Discovery Scientist
- General Manager
- Regional Sales Manager – DACH Region
- Country Manager – Italy
- Country Manager – Spain
"Tweeting Growers"
Top 5 -yesterday
Top 5 -last week
- “Black growbags could benefit vegetable crops as well”
- Latvia: First greenhouse to grow cucumbers under LEDs uses landfill waste to produce energy
- "Moisture is the big danger in the next two months"
- "Even light intensity at every spot in the greenhouse"
- US (OH): 80 Acres Farms makes layoffs as tech job crunch continues
Top 5 -last month
- How farmers are cutting out supermarkets
- Combining vertical farming and greenhouse horticulture to decentralize lettuce production
- Higher light transmission and lower heat demand with double foil greenhouse
- Fresh produce chain hit by Lakeside Produce’s bankruptcy
- 30MHz declared bankrupt, curator 'optimistic about restart'
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-01-27 Investigating the right plant spectrum on Chinese medicinal crops
- 2023-01-27 NL: Future Crops goes bankrupt
- 2023-01-27 Cascades launches new eco-friendly packaging for fresh fruits and vegetables
- 2023-01-27 Italian vegetable harvesters are partnering with the Netherlands
- 2023-01-27 Growy acquires assets and team of Kalera International (&ever)
- 2023-01-27 Avedon joins Kind Technologies’ growth journey within the horticulture greenhouse market
- 2023-01-27 Farm Credit Canada is the lead investor in the Global Pioneer Fund
- 2023-01-27 Stolze moves to new shiny headquarter
- 2023-01-27 CAN: Land Betterment acquires 50% ownership in greenhouse operations
- 2023-01-27 Israeli startup growing ready-to-eat duckweed-based green for daily intake
- 2023-01-27 Village Farms raises $25 million
- 2023-01-26 Bakker Belgium introduces first e-truck in Belgium
- 2023-01-26 Dutch greenhouses make place for houses
- 2023-01-26 Eureka Sunrise wins superior taste award for BerryWorld
- 2023-01-26 Paper bag for naturally moist soil
- 2023-01-26 Japanese plant-based ingredients startup gets investments
- 2023-01-26 New Finnish website launched to link global fresh produce buyers
- 2023-01-26 Church collaborates with Muslim Aid to build 2,720 greenhouses in Bosnia
- 2023-01-26 Kevin van Berlo to Mexico for BVB and love
- 2023-01-26 70 years of Ridder: "In fact, we still apply the same vision as my grandfather"