Sensible Meats Names New CEO, CFO; Seeking Growth Opportunities

May 20, 2024
New corporate leaders have extensive finance experience, and Sensible Meats says it has “strong” cash position to tap into for growth.

Plant-based meat alternatives company Sensible Meats Inc. has announced two changes to its corporate leadership team, effective immediately. Brad Nichol will be the company’s new CEO and Nathan Steinke will be the new CFO — both will join the company’s board of directors as well.

The duo will take the reins from founding investor Chris Jackson, who had been serving as interim CEO, and Chris Cherry, who is departing as the CFO.

Nichol brings more than three decades of experience as a senior executive and director in the finance and resource sectors. He has led organizations through financing rounds, overseen mergers and acquisitions and established international financial relations, among other duties and responsibilities in those roles.

Steinke has more than 20 years of finance experience in the international resource sector, having managed all financial aspects of companies, including debt and equity financings, corporate structure managements, cash flow forecasting, legal compliance, and stakeholder engagement.

The announcement offered an update to Sensible Meats’ cash position as well, stating that the company held more than $5,976,000 in reserves as of May 9, 2024, which the company can tap for growth and expansion. In line with that information, the company said it was actively seeking a suitable target for a change of business within the 90-day timeframe required by the CBOE — aiming to find a partner or acquisition target aligned with its own mission and vision for the future.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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