Mr.Wilsey has 40 years experience in corporate financial operations, business management, and corporate revitalization. He was one of the founders of Red Oak Management Company, a firm involved in corporate turnarounds and in assisting middle market companies with management problems or financing growth.
Red Oak was approached in 2000 by several major shareholders and directors of Source Food Technology, which needed help on revitalization and a new business strategy. Mr. Wilsey became President and CEO to lead this effort. Source Food Technology had acquired technology from General Mills and patent rights from Brandeis University to produce frying oils with cholesterol removed and no unhealthy trans fats.
Mr. Wilsey was a consultant with Arthur D. Little in its Boston headquarters and in Brussels, Belgium. He was part of the consumer marketing group which recommended putting the blue label on Chiquita bananas. He subsequently was hired by Chiquita Brands (United Fruit Company) and served as corporate treasurer and director of their diversification program. In addition to supervising all of the company’s banking relationships in the U.S. and Europe, he was responsible for numerous acquisitions including Baskins Robbins, A & W of Canada, and several plastics companies.
Mr. Wilsey also worked for General Mills as Director of Special New Ventures and was responsible for developing a shrimp farming business in Central America, a potential supplier of frozen shrimp to Red Lobster Restaurants.
Mr. Wilsey served as an artillery officer in the U.S. Army. He received a BA from the College of William and Mary, Virginia, and a Masters degree from the Graduate School of Business, Columbia University, New York.