OWATONNA, MINN. — After closing a $68 million funding round, Revol Greens is adding Michael B. Wainscott to the newly created role of chief financial officer. As CFO, Wainscott will oversee elements of the hydroponic lettuce farming company including future capital raises, industry partnerships and IT.
“Michael shares Revol’s vision to build five facilities in five years,” said Mark Schulze, chief executive officer at Revol Greens. “His highly relevant experience in the areas of management, operations, venture equity, funding and risk management are an essential piece to meeting our business goals.”
Wainscott has an extensive background in food and ingredient technology, with a proven track record in strategic and operational finance leadership for organizations undergoing significant growth. He joins Revol Greens from the CFO post at crop design platform Benson Hill, Inc. Previously, Wainscott was CFO and co-founder of Technology Crops International (TCI), and CFO at Kings, Inc., a wholly owned subsidiary of Associated British Foods, plc (ABFF) as well as PWNC, LLC and New Acme Markets.
“There’s significant opportunity in the indoor growing sector and Revol Greens is well-positioned to continue scaling this concept across the US,” said Wainscott. “Revol represents the future of safe, sustainable and locally sourced greens; I believe in the model and am honored to join this deep bench of expertise and innovation.”