DAVIS, CALIF. — Arcadia Biosciences, Inc. has initiated a search for a new chief executive officer, a move that coincides with the company’s expansion into the consumer packaged goods sector. Matthew Plavan, who has been CEO since 2019, will step down from the role once a successor is named.

Mr. Plavan joined Arcadia in 2016 as chief financial officer and later was named president of Arcadia Specialty Genomics in February 2019.

“The progress we have made in a remarkably short period of time after planting the flag as a CPG company has been extraordinary, and it’s a testament to the talent and commitment of our team,” Mr. Plavan said. “”With a portfolio of plant-based, better-for-you food and wellness products now in place and under development, Arcadia is well-positioned to leverage its innovation-oriented heritage, elevate its brands and further penetrate the consumer health and wellness categories. Having reached this…

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