UPSIDE Foods makes leadership changes

Posted: 1 February 2024 | | No comments yet

Food technology company UPSIDE Foods has appointed a new Chief Financial Officer and Chief Supply Chain & Manufacturing Officer.


Making changes to its leadership team, UPSIDE Foods has announced that it has appointed Jeremy Hux as its as Chief Financial Officer (CFO), and Sheetal Shah, former Senior Vice President (SVP) of Supply Chain and Manufacturing at UPSIDE, has been promoted to Chief Supply Chain and Manufacturing Officer.

The cultivated meat, poultry and seafood company has said that these are “strategic appointments” that have been made to allow the team to focus on scalability and financial discipline.

“Jeremy and Sheetal’s leadership and deep expertise in scaling and disciplined growth will be crucial in this next chapter,” said Uma Valeti, CEO and Founder of UPSIDE Foods.

“Equally significant is their unwavering commitment to shaping a better future. Their mission-driven mindsets, complemented by their decades of experience in finance and supply chain management, respectively, will be instrumental in UPSIDE’s success.”

In his new role, Hux will be leading UPSIDE’s financial strategies to facilitate scale. With 25 years experience in CFO roles, investment banking, and private equity, UPSIDE believes Hux has substantial experience across disruptive industries, including clean technology, clean energy, and synthetic biology.

Prior to joining the UPSIDE team, Hux was the Chief Financial Officer for Manus Bio, where he was responsible for capital raising and overall financial operations, including for their advanced precision fermentation facility. Prior to this he led Sustainable and Clean Technology Investment Banking practices at Morgan Stanley, Credit Suisse and Marathon Capital, and was a Partner at True North Venture Partners.

“I’ve dedicated my career to sustainability and clean tech, driven by the belief that we all have a responsibility to address global challenges,” said Jeremy Hux, CFO at UPSIDE Foods.

“I’m excited to join UPSIDE at this pivotal point of scaling commercial operations and look forward to helping address the critical challenge of reducing the environmental impact of our food supply and sustainably feeding a growing global population with finite resources.”

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Meanwhile, Sheetal Shah has been promoted from the role of SVP to Chief Supply Chain and Manufacturing Officer. Shah currently leads UPSIDE’s manufacturing, supply chain, and strategic sourcing efforts.

Joining UPSIDE in 2021, Shah has reportedly “played a key role” in facilitating the development and expansion of UPSIDE’s supply chain and manufacturing operations.

“I’m extremely proud of what our team at UPSIDE has accomplished already. We’re focused now on scalability, expanding our technology platform and building a world class supply chain and manufacturing footprint that will deliver against our production, cost, and impact targets, setting the stage for our success and allowing us to realize the positive impact we aspire to make,” commented Shah.

Before joining the UPSIDE Foods team, Shah worked as Senior Vice President of Product & Operations at Impossible Foods, a role in which he expanded the product portfolio and aided global retail expansion. In addition he was the Chief Operations Officer at Verifone.

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