S&W gets new finance chief

LONGMONT — S&W Seed Co. (Nasdaq: SANW) has named Elizabeth “Betsy” Horton its CFO to replace Matthew Szot.

Szot resigned, a press release said. Horton’s appointment is effective Monday, Nov. 15; Horton will also be executive vice president.

Horton was most recently CFO for three years at Miller Milling Co., a flour miller in Minneapolis. It has five U.S. facilities and $500 million in annual revenue. Prior to Miller, Horton worked for 20 years with Cargill Inc., also in Minnesota, including in foreign markets.

SPONSORED CONTENT

Exploring & expressing grief

Support groups and events, as well as creative therapies and professional counseling, are all ways in which Pathways supports individuals dealing with grief and loss.

Cargill is privately held and family-owned with about $120 billion in revenue. Its products include grain, vegetable oil, feed, livestock, ingredients and pet foods.

Szot was with S&W since March 2010. He’s been a board and audit committee member at several public companies, an accountant with KPMG, and worked in financial consulting and as CFO for a surf apparel and products company.

S&W develops proprietary seeds for forage and specialty crops including alfalfa, sorghum, pasture, wheat and sunflower seeds. It recently signed a deal to develop Stevia seeds.

It reported quarterly results last week. It’s been increasing revenue and whittling away at losses in its last couple quarters. S&W has about $80 million in annual revenue.

In addition to its Longmont base, S&W has two facilities in Texas, two in Idaho and one in Australia.

It traded recently at a $135 million market cap.

© 2021 BizWest Media LLC