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Marrone Bio Innovations Makes Changes to Board

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Michael Benoff has joined Marrone Bio Innovations’ board of directors and audit committee. Benoff has worked as an independent consultant since 2008, advising clients on corporate strategy and corporate finance, including preparing business models, structuring debt acquisitions, managing capital markets transactions and advising on equity capitalization matters. He served as the CFO of The Money Store Inc., retiring after its sale in 1999, after which he became active as a private investor.  Benoff is currently a board member of the Sacramento Tree Foundation. He received his B.A. in Politics at Princeton University.

Benoff was appointed to a seat left vacant by Les Lyman, who resigned from MBI’s board of directors effective Jan. 4, 2016, for personal reasons.

In addition, Tim Fogarty, a member of MBI’s board of directors since 2010, has been appointed as chairperson of the board. Fogarty is currently the chief financial officer and a partner of the Contrarian Group, Inc., an investment and management company which is also an investor in MBI through its limited partnership, CGI Opportunity Fund II, L.P. Prior to joining Contrarian Group in 2006, Fogarty held various financial and executive positions within the insurance industry. He has a bachelor of science degree in accounting and is a certified public accountant in good standing in California.