Cyanotech Corp.

Cyanotech Corp.

Sector: Medicinal Chemicals And Botanical Products Region: HI, United States

: | Nasdaq: CYAN

Cyanotech Corp. develops and commercializes natural products from microalgae. The firm produces microalgae products for the nutritional supplement and immunological diagnostics markets in addition to microalgae-based products and food coloring markets. It's products include: Hawaiian BioAstin and Hawaiian Spirulina Pacifica. The company was founded by Gerald R. Cysewski in 1983 and is headquartered in Kailua-Kona, HI.


Brent Bailey, President and Chief Executive Officer
Brent Bailey became president and CEO in January 2011. Mr. Bailey was President of Unlocking Potential LLC, a leadership development and strategic planning consulting firm. Previously, as President and Chief Operating Officer of Pharmavite LLC, a $500-million subsidiary of Otsuka Pharmaceutical Company, he and his team drove the Nature Made brand to the #1 position in mass market nutritional supplements and built Pharmavite into an industry leader. Prior to that, he was Executive Vice President of Marketing for Del Monte Foods and Senior Vice President and General Manager-Household Division of The Dial Corporation. Earlier, he held marketing leadership positions with Van de Kamp's Frozen Foods and Frito-Lay. He is a graduate of Claremont McKenna College in Economics and has an MBA from the UCLA Anderson School of Management.
Gerald R. Cysewski, Ph.D., Executive Vice President and Chief Scientific Officer
Dr. Cysewski co-founded the Company in 1983 and has served as a director of the Company since that time. Until June 1996, he also served as Scientific Director. From March 1990 to May 2008, Dr. Cysewski served as President and Chief Executive Officer of the Company and in October 1990 was also appointed to the position of Chairman of the Board. From 1988 to November 1990, he served as Vice Chairman of the Company. From 1980 to 1982, Dr. Cysewski was Group Leader of Microalgae Research and Development at Battelle Northwest, a major contract research and development firm. From 1976 to 1980, Dr. Cysewski was an assistant professor in the Department of Chemical and Nuclear Engineering at the University of California, Santa Barbara, where he received a two-year grant from the National Science Foundation to develop a culture system for blue-green algae. Dr. Cysewski received his doctorate in Chemical Engineering from the University of California at Berkeley.
Jole Deal, CFO, VP of Finance & Administration, Treasurer and Secretary
Ms. Deal joined Cyanotech in August 2011. She was Chief Financial Officer of Puretek Corporation, a private manufacturer of nutritional supplements, generic pharmaceuticals and beauty care products ($50 million per annum), based in San Fernando, California, from 2009. Previously she was Divisional Vice President and Controller of Pharmavite LLC, manufacturer/marketer of Nature Made vitamins and dietary supplements ($500 million per annum), based in Northridge, California (a U.S. subsidiary of Otsuka Pharmaceutical Co., Ltd. of Tokyo), for four years, before which she held Pharmavite positions as Director, Sales and Marketing Finance for four years; Director, Financial Planning and Analysis / Manager, Financial Planning & Analysis for eight years; and Manager, Intercompany Projects for three years. Previously, she was Audit Senior at Touche Ross / Deloitte & Touche.
Glenn D. Jensen, Vice President - Operations
Mr. Jensen has served as Vice President - Operations since May 1993. He joined Cyanotech in 1984 as Process Manager and was promoted to Production Manager in 1991, in which position he served until his promotion to Vice President - Operations. Prior to joining Cyanotech, Mr. Jensen worked for three years as a plant engineer at a spirulina production facility, Cal-Alga, near Fresno, California. Mr. Jensen holds a B.S. degree in Health Science from California State University, Fresno.
Robert J. Capelli, Vice President - Sales
Mr. Capelli has served as Vice President - Sales since March 2002. He joined Cyanotech in January 2002 as Director of Sales. Prior to joining Cyanotech, Mr. Capelli was Senior Sales Manager for Forcite-The Source, a division of Tree of Life, Inc. Mr. Capelli holds a B.A. degree from Rutgers University.
Jim Lundeen, Vice President and General Manager, Retail Sales
Mr. Lundeen joined Cyanotech in 2012 and is responsible for all consumer marketing and sales activity in the continental United States for the Nutrex Hawaii brand of nutritional supplements. Most recently, he was Vice President, Customer Marketing at Pharmavite. He has a 30-year track record of business building success at Shulton, General Mills, Colgate, Dial and Pharmavite.  He was instrumental in building the Purex liquid detergent business to $200 million and the Nature Made supplement brand from $250 million to $750 million in retail sales. Mr. Lundeen has a BA in Economics from Northwestern University and an MBA from Harvard Business School.
Jen Johansen, Vice President of Quality & Regulatory Affairs
Jen Johansen has a life-long commitment to health and optimal vitality through the utilization of natural products. Today she oversees the Quality Control & Regulatory Affairs Department for Cyanotech Corporation. Ms. Johansen has 10 years of experience in quality and regulatory. She is a member of the Regulatory Affairs Professional Society, and is an American Society of Quality certified HACCP Auditor. She has utilized her expertise to position Cyanotech for full compliance to FDA’s Good Manufacturing Practices (GMP) for Dietary Supplements, and achievement of the Natural Product’s Association GMP Certification in 2007. She attended the University of Oregon on a full athletic scholarship for basketball and obtained her degree in Psychology, with a minor in Organic Chemistry.

News & Analysis