Juan Antonio Cano Baro Announced as New Chief Executive Officer of Prunus Nuts

10 May 2024, London UK – Cibus Capital LLP (‘Cibus’), the specialist investment advisory firm focused on sustainable food and agriculture, is pleased to announce the appointment of Juan Antonio Cano Baro as the new Chief Executive Officer of Prunus Nuts (‘Prunus’), the Iberian almond producer.

Mr Cano brings twenty-five years of agriculture and food company experience to Prunus. His track record of driving growth and expansion in the region will support Prunus’ ambition to be a leading almond producer and processor in Spain.

Mr Cano joins Prunus from J. García Carríon, the wine producer, where he was Commercial Finance and Purchasing Director and served on the company’s Board of Directors. Prior to that, Mr Cano was Finance Director at Acesur, Kellogg’s and Schweppes Suntory in Spain. Mr Cano has a P.D.D. from IESE Business School and a degree in Business and Management Administration from Complutense University in Madrid.

Mr Cano replaces Jorge Pena, who has played a pivotal role forming Prunus’ foundations. The company extends its sincere gratitude for his substantial contributions.

Mr Cano said: “I am honoured to join Prunus at this exciting time in the company’s development. Mr Pena’s work so far has given Prunus a platform that will allow the company to produce the highest quality of almonds with the lowest cost of production, utilising technology and sustainable practices. I look forward to continuing this trajectory for the business and am enthusiastic about Prunus’ future.”

Mr Pena said: “I have great confidence in handing over Prunus to Juan Antonio, whom I have known for many years.  I have very much enjoyed developing Prunus to this point but now feel that the time is right for me to focus 100% on my other professional activities.”

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About Cibus Capital LLP

Cibus Capital LLP is the London-based investment adviser to the Cibus funds. The Cibus funds partner with food and agriculture companies that provide investors with a risk-adjusted return on capital and a sustainable competitive advantage. The Cibus funds have raised over USD 1bn to invest in two strategies: mid-market growth/buyout investments in food production and processing businesses and late-stage agrifood technology companies. For more information visit cibusfund.com.

Legal References and Disclaimer:

References herein to the “Cibus funds” are references to Cibus Fund and Cibus Enterprise Fund which are managed by Cibus Investments Limited together with Cibus Fund II and Cibus Enterprise Fund II, which are managed by Cibus Investments II Limited.  All the Cibus funds are advised by Cibus Capital LLP.  None of Cibus, Cibus Investments Limited or Cibus Investments II Limited makes any representation as to the accuracy, reliability or completeness of this Press Release. This release does not constitute an offer to subscribe for interests in the Cibus funds or any other actual or prospective fund advised by Cibus Capital LLP.