Meati Foods, creator of cutlets and steaks made from the company's proprietary MushroomRoot, has appointed Phil Graves as Chief Financial Officer, effective immediately.
Graves will oversee the capital expenditures needed for Meati’s continued omnichannel expansion, leveraging his experience in helping enterprises deliver positive environmental and social impact alongside profit.
“Phil understands how to drive a purpose-driven enterprise that also delivers on profit ... and this ingenuity is invaluable for short-term successes and our long-term mission,” said Tyler Huggins, CEO and cofounder of Meati Foods.
“As Meati builds on a tremendous inaugural year establishing MushroomRoot as a new, profoundly nutritious and sustainable protein, Phil’s expertise will be a welcome addition to our executive team.”
Throughout his career, Graves has specialised in corporate finance for companies dedicated to having positive impacts on people and the planet while achieving profitability.
“Meati’s growth during the past year has been astonishing, but what I find more impressive is their continued commitment to the sustainable development of MushroomRoot as a new food and Meati Foods as a commercial success,” said Graves.
“My experience at companies such as Patagonia and Wild Idea taught me that prioritising sustainable practices can boost the financial bottom line, and Meati’s MushroomRoot offers unprecedented innovation opportunities and exciting revenue possibilities. It’s a great opportunity to improve our food system in deep and lasting ways.”