LOS
ANGELES, April 14, 2023 /PRNewswire/ --
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the
"Company"), a leading provider of clean water solutions,
announced today the nomination of Maria
Jelescu Dreyfus to its Board of Directors. Jelescu
brings more than 20 years of strategy and financial experience
including 15 years at Goldman Sachs and as the founder/CEO of
Ardinall Investment Management, an independent investment firm
focused on emerging megatrends in the clean energy transition.
"Maria has an impressive track record for identifying value
investments and megatrends in the energy transition space," said
Susan Kennedy, Executive Chair of
Cadiz. "She brings decades of experience helping companies in
traditional industrial sectors like energy and infrastructure
transition to the high growth climate-solutions space."
"Of all the precious resources on the planet threatened by
climate change, water is one of the most valuable," Jelescu
said. "With extreme weather ravaging infrastructure around
the globe, the investments necessary to manage, maintain and
deliver safe drinking water for people will consume trillions of
dollars in GDP over the next decade. Cadiz is extremely
well-positioned to be a leader in the clean water solutions space,
and I am excited to join the board at this critical inflection
point in the company's history."
Prior to founding Ardinall in 2017, Jelescu spent 15 years at
Goldman Sachs, most recently as a managing director and portfolio
manager for Goldman Sachs Investment Partners, focusing on energy,
industrials, transportation and infrastructure investments across
the capital structure, in both public and private markets. She
currently serves as a director on several corporate boards,
including Pioneer Natural Resources, Nabors Energy Transition Corp,
pension fund Caisse de Dépôt et Placement du Québec (CDPQ), and
private boards in the energy transition space. She serves as
the Vice-Chair of the advisory board of Columbia University's Center on Global Energy
Policy, and also co-chairs their Women in Energy program. Jelescu
earned a dual degree in economics and management science from the
Massachusetts Institute of
Technology.
Founded in 2017, Jelescu's Ardinall is a 100% women and
minority-owned independent investment firm focused on generating
absolute returns through a fundamental investment process overlaid
with a sustainability lens. The firm invests in companies with
actionable catalysts and significant value unlocked through ESG
transformation. Jelescu and her team identify changes occurring
around climate change and sustainability and invest in the
companies they see as uniquely positioned to advance with those
changes.
Jelescu's nomination to the Cadiz board will be voted on at the
Company's annual shareholder meeting in June.
About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated
to providing access to clean, reliable and affordable water for
people through a variety of innovative water supply, storage,
conveyance and treatment projects. For more information, please
visit www.cadizinc.com.
FORWARD LOOKING STATEMENT: This release contains
forward-looking statements that are subject to significant risks
and uncertainties, including statements related to the future
operating and financial performance of the Company and the
financing activities of the Company. Although the Company
believes that the expectations reflected in our forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to be correct. Factors that could
cause actual results or events to differ materially from those
reflected in the Company's forward-looking statements include the
Company's ability to maximize value for Cadiz land and water
resources, the Company's ability to obtain new financing as needed,
the receipt of additional permits for the water project and other
factors and considerations detailed in the Company's Securities and
Exchange Commission filings.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cadiz-nominates-maria-jelescu-dreyfus-to-its-board-of-directors-301797768.html
SOURCE Cadiz, Inc.