After losing his entire board this summer, Hampton Creek chief executive, Josh Tetrick, is taking steps to add directors at the beleaguered food startup ahead of a fundraising push.
Hampton Creek, a condiments maker with major backing from technology investors, said it added four board members, including Saudi Prince Khaled bin Alwaleed bin Talal, a prominent investor and animal rights activist.
The other new directors are: Larry Kopald, founder and president of environmental group the Carbon Underground; Cliff Coles, a longtime food safety consultant; and Jim Borel, a former executive vice president at chemical and agriculture giant DuPont. The company said it also added three advisers.
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Backers of the six-year-old startup include billionaires Vinod Khosla and Yahoo co-founder Jerry Yang. The San Francisco-based company has raised at least US$220 million to fuel its ambition to sell plant-based alternatives to animal products, led by Just Mayo, and a lofty goal to develop lab-grown meat.
However, the company has faced many blows in the past year. This summer, Hampton Creek was sued over a trademark dispute, lost retail giant Target’s business and saw its entire board leave Mr Tetrick on his own. Part of the disagreement among former board members stemmed from Mr Tetrick’s moves to wrest control from directors. At the time, Mr Tetrick described board changes as a way to give more power to his employees.
Although Hampton Creek has burned through the majority of the capital it’s raised, Mr Tetrick is soliciting new funds in Asia and the Middle East, said people familiar with the matter. The loss of seven board members in the past year -- most of them in June -- has made it difficult for Mr Tetrick to close a deal, the people said. A spokesman for Hampton Creek said the company has enough funds to grow and access to additional capital if needed.
Quick facts
- Storstockholms Lokaltrafik (SL) offers free guided tours of art in the metro and at the stations
- The tours are free of charge; all you need is a valid SL ticket, for which a single journey (valid for 75 minutes) costs 39 Swedish krone ($3.75)
- Travel cards for unlimited journeys are priced at 165 Swedish krone for 24 hours
- Avoid rush hour – between 9.30 am and 4.30 pm – to explore the artwork at leisure
The specs
Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)
The Specs
Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
Transmission: Six-speed automatic
Price: From Dh61,500
On sale: Now
The specs
Engine: 2.9-litre twin-turbo V6
Power: 540hp at 6,500rpm
Torque: 600Nm at 2,500rpm
Transmission: Eight-speed auto
Kerb weight: 1580kg
Price: From Dh750k
On sale: via special order
UAE v IRELAND
All matches start at 10am, and will be played in Abu Dhabi
1st ODI, Friday, January 8
2nd ODI, Sunday, January 10
3rd ODI, Tuesday, January 12
4th ODI, Thursday, January 14
Most ODI hundreds
49 - Sachin Tendulkar, India
47 - Virat Kohli, India
31 - Rohit Sharma, India
30 - Ricky Ponting, Australia/ICC
28 - Sanath Jayasuriya, Sri Lanka/Asia
27 - Hashim Amla, South Africa
25 - AB de Villiers, South Africa/Africa
25 - Chris Gayle, West Indies/ICC
25 - Kumar Sangakkara, Sri Lanka/ICC/Asia
22 - Sourav Ganguly, India/Asia
22 - Tillakaratne Dilshan, Sri Lanka
MATCH INFO
Uefa Champions League, last-16 second leg
Paris Saint-Germain (1) v Borussia Dortmund (2)
Kick-off: Midnight, Thursday, March 12
Stadium: Parc des Princes
Live: On beIN Sports HD
GOODBYE JULIA
Director: Mohamed Kordofani
Starring: Siran Riak, Eiman Yousif, Nazar Goma
Rating: 5/5
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
MEDIEVIL (1998)
Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5
DUBAI WORLD CUP CARNIVAL CARD
6.30pm Handicap US$135,000 (Turf) 2,410m
7.05pm UAE 1000 Guineas Listed $250,000 (Dirt) 1,600m
7.40pm Dubai Dash Listed $175,000 (T) 1,000m
8.15pm Al Bastakiya Trial Conditions $100,000 (D) 1.900m
8.50pm Al Fahidi Fort Group Two $250,000 (T) 1,400m
9.25pm Handicap $135,000 (D) 2,000m
The National selections
6.30pm: Gifts Of Gold
7.05pm Final Song
7.40pm Equilateral
8.15pm Dark Of Night
8.50pm Mythical Magic
9.25pm Franz Kafka
MATCH INFO
France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')
Italy 1
Bonucci (36')
THE SPECS
Engine: 4.4-litre V8
Transmission: eight-speed automatic
Power: 523hp
Torque: 750Nm
Price: Dh469,000