Vestaron Corporation, a US-based agricultural company which is commercializing a new generation of biopesticides using natural peptides originally discovered in spiders, has appointed John Sorenson as the company’s chief executive officer (CEO), having served as interim CEO since September. Keith Gillard, general partner of Pangaea Ventures, an advanced materials venture capital fund which is sponsored by several corporations, will assume the chairmanship of the board of directors.
Gillard joined Pangaea in 2010 and has served on the Vestaron board of directors since 2012.
In May 2012, Vestaron completed a series B Preferred Stock financing of $10.2m, with the participation of existing investors an new investors including Pangaea Ventures, Michigan Accelerator Fund, and two private investment organizations.