Landec CEO Gary Steele Plans To Retire In May 2015 - Quick Facts

(RTTNews) - Landec Corp. (LNDC), a developer and marketer of technology-based materials science products for food and medical applications, Wednesday announced that its Chairman and CEO, Gary Steele, plans to retire on May 31, 2015 at the end of Landec's fiscal year.

Steele has agreed to remain on the Board of Directors as a director, but not as Chairman after his retirement.

He has served as Landec's President and CEO since September 1991 and was named Chairman of the Board in January 1996.

The search committee has engaged JM Search, of Philadelphia, PA to begin the search process for Steele's successor and the process will consider both external and internal candidates, Landec said.