Impossible Foods adds retail executive to board

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Impossible Foods Inc., the maker of plant-based meat, has added retail executive Mary Beth Laughton to its seven-member board of directors. The Silicon Valley-based company has greatly expanded its retail presence the past few months to more than 9,000 grocery outlets, including Walmart Inc. , Kroger Co. , and Trader Joe’s. In early June, Impossible launched a direct-to-consumer e-commerce site with free delivery for orders over $75 in the continental United States. “Few companies are pursuing as bold and ambitious of a vision as Impossible Foods,” said Laughton, CEO of Athleta, a premium fitness and lifestyle brand that was acquired by Gap Inc. in 2008. “Like Athleta, the team at Impossible Foods is passionate about both innovation as well as creating a sustainable future. I’m thrilled to be part of an organization dedicated to combining profit and planet, and I look forward to helping them extend their impact even further.” Impossible is locked in fevered competition with Beyond Meat Inc. for preeminence in the increasingly popular market for plant-based substitutes for meat products. Laughton is the second female on Impossible’s board.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.