Nichols, who will assist the new operations manager Glenn Nichols, boasts over 25 years of operations experience with companies such as Coca Cola and Molson Coors.
Using Six Sigma tools and training, Nichols specialized in process improvement and optimization in his previous positions, leveraging the moves into multiple millions of annualized cost savings. Nichols, who holds a science degree from Simon Fraser University, formerly managed dozens of capital projects from design through to completion.
Headquartered in Vancouver, Lean Life Health develops omega-3 products which can be formulated as liquids, emulsions or powders and used as food additives. The long-lasting shelf life of the flaxseed oil produced by LeanLife's patented method makes it an ideal fortified food ingredient. It has been used to make bread, noodles, cheese, yogurt, juice and milk products for the European market.
The global Omega-3 market hit US$33 billion in 2016 and is expected to reach more than $57 billion by 2025, according to a report by Grand View research. Studies have since shown that Omega-3 fatty acids keep nerve cells functioning at optimal speed.
LeanLife shares held steady at C$0.04 in morning trade on Wednesday.
Contact Ellen Kelleher at [email protected]