Lifecore Biomedical Announces Ryan Lake As The New CFO

Lifecore Biomedical Inc., a comprehensive CDMO, has revealed that Chief Financial Officer John Morberg will be stepping down from his position on September 2, 2024. The role will be taken over by Ryan Lake, a seasoned financial leader in the CDMO sector, starting September 3, 2024.

Paul Josephs, president and CEO of Lifecore, said “On behalf of the board of directors, along with the entire Lifecore team, I would like to express our gratitude to John for his years of service as the Company’s chief financial officer. During his tenure, he has proven to be an invaluable member of leadership making significant contributions to the Company’s overall success, while also skillfully navigating the organization through numerous complex transactions as it transitioned into a dedicated CDMO. We wish John the best in all his future endeavors.”

He further added, “We are excited to bring Ryan on board at this important time for Lifecore as we work to refine and execute a comprehensive strategy to marry our unique strengths with the significant opportunities in the CDMO space in order to achieve sustained growth. Ryan’s impressive experience uniquely positions him for this role. 

Joseph concluded by saying, “Not only has he served as a successful public company CFO within the CDMO space, but he has also experienced firsthand the complexities of creating a dedicated CDMO from a larger organization with multiple business arms. These parallels with the Lifecore story equip him with valuable insight and experience that will serve the Company well on our exciting path forward.”