Mr. Allen retired from Nestlé in December 2009 after a 30-year career in sales, marketing and general management, including seven years as a member of Nestlé's Mergers and Acquisitions group. In his time at Nestlé, Mr. Allen was heavily involved in the company's venture capital investments as well as out-licensing technologies. He has extensive experience in negotiating merger and acquisition deals and coordinating related due diligence. He has many years of experience handling both in- and out-licensing agreements with technology providers and branded companies.
Allen is co-founder and screening committee chair of the Nutrition Capital Network, a business that brings together entrepreneurs and investors in the nutrition and food industries. Many major global food and beverage companies including Coca-Cola, Unilever, General Mills, PepsiCo, Campbell's, Amway, Hershey's and Nestle are cornerstone investors in Nutrition Capital Network and attend the network's triannual meetings, where exciting new investment and partnering opportunities are presented.
He is also the managing partner of California Agricultural Orchards LLC, which owns almond properties in the Central Valley of California. He is also president of the Board of the North American Foundation for the University of Leeds.
ChromaDex also announced the resignation of Barry Honig and Michael Brauser from its board. The board now has seven members, the majority of whom are independent.
Frank Jaksch, Jr., CEO and co-founder of ChromaDex, commented, "We would like to thank Barry and Michael for the enormous contributions they have made during their long-standing board tenures. By reducing the number of directors to seven, it allows for additional new appointments that can bring even more relevant experience and industry stature to our board."