Nick Wingfield reported yesterday at The New York Times Online that, “Nearly the entire board of Hampton Creek, a high-profile food start-up responsible for the Just Mayo condiment, resigned last month, leaving the company’s founder and chief executive, Josh Tetrick, as its only member.
“The resignation of the four board members was the latest sign of turmoil at Hampton Creek, a San Francisco-based company that has said it is using high-tech methods to create healthier, environmentally friendly foods.
“While Hampton Creek did not say why the board members resigned, their departures followed an effort by several Hampton Creek managers last month to change the company’s corporate bylaws in a way that could have given more control to investors, Hampton Creek has said.”
The Times article indicated that, “Still, the reason for the mass resignation of the board members was not clear. When Bloomberg reported new details of the departures on Monday, it said the board members had left because of friction with Mr. Tetrick.
“The four board members who resigned last month were Samir Kaul, a partner at Khosla Ventures; Kathleen Sebelius, the former secretary of the Health and Human Services Department; Fedele Bauccio, chief executive of Bon Appétit Management Company; and Mustafa Suleyman, a founder of DeepMind, an artificial intelligence start-up acquired by Google.”
