Sulvaris Inc., a privately-held company headquartered in Calgary, Alberta, has announced the promotion of Jake Underwood to President and CEO, effective Jan. 2, 2023. He served as the President and COO this past year and will transition into this new role previously held by company Founder Rick Knoll.

“We are excited to have Jake as our new CEO and a member of our Board of Directors, to further drive Sulvaris ahead in our continued growth strategy. Jake has built a career leading sales, marketing, and business development-strategy teams across the agriculture and technology industry. In his time with Sulvaris, we have accelerated our commercialization efforts and continued building long term value for the road ahead” commented Jeff Scott, Chairman of the Board for Sulvaris.

“I’m honored to have the opportunity in leading this organization for the future. We have an exceptional team of people at Sulvaris who are passionate, driven to succeed, and challenge themselves everyday to develop new technologies. I look forward to supporting each of them ahead, while delivering our Sulvaris corporate objectives creating additional value for our existing and future Licensed Technology Partners and Shareholders, as we expand our MST and CCT platforms globally” noted Underwood.

“Rick Knoll will continue to be a valuable member of the organization as he remains on the Sulvaris Board of Directors, we’re extremely grateful for all he’s done for the organization and its employees. We wouldn’t be where we are today without the innovation, hard work and countless contributions he’s made over the years” added Scott.

Underwood spent 16 years in Ag Retail with the JR Simplot Co. and Nutrien Ltd. (Agrium-CPS-Loveland Products) managing focus around Seed, Fertilizer, Crop Protection, and differentiated Proprietary Products. Prior to joining Sulvaris he held executive leadership roles with early-stage companies such as Verdesian Life Sciences and WISErg Corp., leading nutrient use efficiency and sustainable platform full circle solution technologies. Sulvaris said that with over 20 years management experience in driving innovation and growth, he has a proven track record of success in delivering valuable solutions to customers and maximizing shareholder value.