SureBeam CEO to Join Schwan Food
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SureBeam Corp., the nation’s largest food irradiation company, said President and Chief Executive Larry Oberkfell will resign this month to join closely held Schwan Food Co.
Oberkfell, 49, has worked for San Diego-based SureBeam since November 1999, before it went public in March 2001, spokesman Mark Stephenson said. The executive is leaving on March 31 to become president and chief operating officer of Schwan’s food service group. SureBeam has begun a search for a new president.
SureBeam, whose shares have dropped 30% over the last year, sells a patented electron-beam technology that’s used by food processors to destroy harmful food-borne bacteria. Schwan, based in Marshall, Minn., is one of the largest frozen food producers.
SureBeam’s Class A shares closed unchanged at $4.20 on Nasdaq. Oberkfell’s resignation was announced after U.S. markets closed.
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