Industry News | September 2, 2003

Source Food Technology Elects Jack Greenberg to Board of Directors

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Source Food Technology, Inc., a privately held food ingredient company specializing in nutritionally advanced cooking oils, today announced that Jack M. Greenberg, former Chairman and CEO of McDonald's Corporation, will join its board of directors.

"We are thrilled to have Jack Greenberg on our Board," commented Hank Cardello, CEO of Source Food Technology. "His experience, most notably as the leader of one of the best known brands in the world, will help Source Food Technology as it enters a period of significant growth. We believe our revolutionary cooking oil, Nextra, is poised to change the way people think about fried foods.”

Based in Research Triangle Park, NC, Source Food Technology is the manufacturer of Nextra™, a cooking oil that offers no trans fats from hydrogenation and an extended fry life. Nextra is marketed to the restaurant and foodservice industry as an alternative to oils containing unhealthy trans-fatty acids.