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Impossible Foods Names New CFO

The plant-based meat maker promoted David Borecky to finance chief.
Lauren MuskettAugust 9, 2021

David Borecky

Impossible Foods interim chief financial officer, David Borecky, has been promoted to finance chief as the plant-based meat maker prepares for rapid growth and a potential IPO.

Borecky, who joined the company in 2019 as chief accounting officer and served as interim CFO for six months, was previously the controller for Stripe and held senior management positions at mobile payments provider Square. While at Square, he helped lead its IPO registration process in 2015. 

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In April, Reuters reported the Beyond Meat rival was looking into going public through an IPO in the next year or a merger with a special purpose acquisition company. The public listing could value Impossible Foods at $10 billion or more. 

Impossible Foods has scaled dramatically since early 2020, including an expansion into Canada and a more than 150-fold growth of its retail footprint. 

“Meeting the unprecedented demand for Impossible products while continuing to invest in R&D and technology is what fuels our long-term growth,” Borecky said. “As CFO, my goal is to build an efficient, data-driven, and scalable finance operation that delivers on the promise of our mission for consumers, investors, and the planet.”

Impossible Foods also hired veteran human resources executive Leilani Gayles as chief people officer. Leilani joins the company after a decade working for the San Francisco Giants, where she was senior vice president and chief people officer.  

“Leilani and David are extraordinary leaders who share our vision of turning back the clock on climate change by transforming the global food system,” said Impossible Foods’ CEO and founder Dr. Patrick O. Brown.

In its 2021 State of Meat in Foodservice industry report, Impossible Foods found plant-based food retail sales have grown 43% in the past two years, which outpaced total food sales growth by nine times. In 2020, plant-based meat sales increased by 45%.