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Source: AgBiTech news release

Dallas - AgBiTech Pty Ltd ("AgBiTech" or the "Company"), a Paine Schwartz Partners, LLC portfolio company and a global leader in biological pest control, today announced that Adriano Vilas Boas has been appointed Chief Executive Officer, effective July 1st, 2020. Mr. Vilas Boas succeeds Peter Berweger, a Director of Paine Schwartz Partners, who will remain actively engaged with AgBiTech as Chairman of the Board.

Mr. Berweger said, "It has been a great honor to act as CEO of AgBiTech over the past two years, to lead the Company during an intensive period of buildup and high growth. I have had the chance to work with Adriano extensively in his capacity as General Manager of AgBiTech Brazil where he built a high impact organization, and I am excited for him to serve as our next CEO. He is a seasoned global leader and brings deep commercial and operational experience in the crop input sector. I am delighted about staying deeply involved as Chairman focusing on the strategic direction of the Company. I have great confidence in our management team and the opportunity ahead for AgBiTech's pest control solutions to become foundational tools for growers around the world."

"AgBiTech is a unique innovator in biological pest control and I am excited to take on the role of Chief Executive Officer," said Mr. Vilas Boas.

"AgBiTech has an unraveled portfolio of biological lep control products, highly valuable for large scale and small growers in a large number of crops and pests around the globe.

With the Company's recent successes with new registrations, the established operations in our core markets, our scientific capabilities and the manufacturing competence center in Dallas, I am excited about leading the next phase of growth and expansion. I look forward to working closely with Peter and the rest of the AgBiTech team as we realize our vision to solve some of the most challenging pest control problems farmers are facing."

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