Nascent Foodservice, Inc. (OTCBB: NCTW) is a leading distributor of food and beverage products throughout Mexico. It’s a growing market and Nascent is set on remaining at the top, guided by four senior members of its management team and a focused business strategy.
Sandro Piancone, CEO of Nascent, started his career in the food industry in 1986, founding Tele-Chef Catering in 1991 which grew to become one of the largest catering companies in San Diego. Piancone was positioned with several other food service companies before launching the Piancone Group in 2003. He is also fluent in Italian and Spanish, and educated about food service industries in the U.S., Mexico and Europe.
Victor Petrone, president of Nascent, started his foodservice career in 1983 and created ethnic dining concepts for many restaurants and dining establishments in the food distribution sector. Among other positions and achievements, Petrone helped achieve 22% growth annually in his division at Sysco Foodservice Corp. In 2004 he formed import/export company International Food Specialists Inc.; his current sales territory covers the U.S., Mexico, Canada, the Caribbean, and Central and South America. He also is fluent Italian and Spanish.
William Lindberg is Nascent’s CFO. His career began in 1958 with Arthur Anderson & Co. He has been assigned to offices in Montevideo, Uruguay, Buenos Aires, Argentina and Santiago, Chile and has been preparing financial statements in SEC filings since 1998. His role with Piancone Group International, Inc. began in 2004.
James Buckman serves as member of the board of directors and is vice chairman of York Capital Management and member of York’s Senior Management Committee. He has served as chairman and board member, general counsel and associate for various, well known establishments.
The management team uses combined experience to fulfill the company’s business strategy to establishing a “nationwide footprint” in Mexico through various acquisitions; by obtaining exclusive rights to several name-brand product lines; using technology to leverage its operations and a targeted sales campaign.
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