ST. LOUIS, MO -- (Marketwire) -- 07/27/09 -- Today, Solae, LLC is announcing the addition of Catherine (Cathy) Matthes, as senior director of new business development. Matthes will report directly to Michele Fite, vice president of global strategy and marketing, specialty business, and new business development at Solae.

"We are very excited to have Cathy join the Solae team. She will play a significant role in Solae's growth strategy," said Fite. "Cathy brings with her a great amount of strategic and financial expertise with science and pharmaceutical companies. Her expertise combined with her track record of success makes Cathy a great addition to our company."

In her role, Matthes will be responsible for establishing business development strategies and preparing plans to implement. She will advise the Solae leadership team of implications of new business opportunities. In addition, Matthes will lead and build the new business development team as well as cross-functional company teams.

"I am delighted to join Solae in this position," said Matthes. "Solae is a great company with a 50-year history and commitment to science and innovation as well as nutrition and health. I look forward to contributing to the company's continued success."

Matthes comes to Solae with more than 20 years of business and financial experience in various positions. Most recently, she was chief financial officer, treasurer and secretary for Kereos, Inc., a life science company developing targeted imaging agents and chemotherapeutics for the detection and treatment of cancer. Matthes has been very involved in the St. Louis community as a board member for SSDN and Fibrodysplasia Ossificans Progressiva Midwest, as well as board member and financial advisor to a Colorado-based condominium association. In 2006, she was the recipient of the St. Louis Most Influential Business Women award by the St. Louis Business Journal.

Solae is the world leader in developing innovative soy-based technology and ingredients for food and nutritional products. Solae provides solutions that deliver a unique combination of functional, nutritional and economic benefits to our customers. At Solae, the journey to innovation begins with nature. We take one of nature's best resources, the soybean, and create nutritious and great-tasting ingredients. Our goal is to provide solutions for today while innovating for tomorrow. With more than 1,000 products used by more than 3,500 customers, Solae's soy ingredients are enjoyed by consumers around the world in products such as baked goods, beverages, nutrition bars, meats, vegetarian meals and much more. Headquartered in St. Louis, Missouri, USA, with annual revenue exceeding $1 billion, the company was formed through an alliance between Bunge (NYSE: BG) and DuPont (NYSE: DD). For more information, visit www.solae.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine