He began with Village Farms on January 5, 2009. Previously, Mr. Ruffini served as the Chief Operating and Chief Financial Officer of Performing Brands, a small cap US publicly traded company. From 2001 until October 2005, Mr. Ruffini served as the Chief Financial Officer of Hit Entertainment, plc a publicly traded (FTSE-250) UK-company. Hit Entertainment is the preeminent young children’s entertainment company owning such brands as Barney the Dinosaur, Bob the Builder and Thomas the Tank Engine. From 1993-2001, Mr. Ruffini served as the Chief Financial Officer and Treasurer of Lyrick Corporation and RCL Enterprises, Inc. privately-held companies based in Allen, TX owning both entertainment properties, as well as commercial printing and publishing operations. From 1984 to 1993, Mr. Ruffini was a Senior Tax Manager at Arthur Andersen & Co. Mr. Ruffini has an MBA from the University of Texas at Austin and a BBA from Southern Methodist University. Mr. Ruffini is a Certified Public Accountant (CPA).
Michael A. DeGiglio has served as Chief Executive Officer of Village Farms since its inception in 1987. Mike is also founder of the company, one of the first and today the longest operating hydroponic vegetable greenhouse business ever started in the United States. This success is partly contributed to Mike’s foresight in understanding how this nascent business model would largely depend on being vertically integrated and attaining critical mass while consistently striving to drive down costs of production in order to remain durable. And in 1996, armed with this knowledge, he steered Village Farms toward the construction of the largest greenhouse footprint to be built for its time, (40 acres under glass) in Fort Davis, Texas. Prior to enlarging to this first of its kind scale in the world, Village Farms had developed and operated six smaller greenhouses in New York, Pennsylvania and Virginia, all of which pioneered Co-Generation Technology. Village Farms was also the first company to build an urban farm within a city environment by completing an 18 acre greenhouse in downtown Buffalo, NY in 1998. In 2006 after acquiring the largest greenhouse company in Canada, Hot House Growers, Mike remains at the helm of Village Farms operations today. With a current company footprint of 260 acres under glass throughout the United States and Canada the company still employs Controlled Environment Agriculture, (CEA) by utilizing high technology hydroponics in its greenhouse facilities. In addition, the company markets for an additional 200 acres with exclusive farmer partners in Mexico, Canada, and the USA under the Village Farms brand.
A pioneer in the greenhouse industry, prior to Village Farms Mike founded Agro Dynamics, Inc. (“ADI”) in 1984, where he served as Chief Executive Officer for the company. ADI was the first to introduce a number of new greenhouse technologies to the North American market. One of which, the innovative hydroponic growing medium Grodan Rockwool, was revolutionary for its time and today remains a leader among substrates technologies. Upon the acquisition of Agro Dynamics by EcoScience, Mike went on to become CEO of EcoScience in 1992, a NASDEQ agricultural biotechnology company, until the company was acquired privately by Village Farms in 2001.
Today as chief visionary for Village Farms, Mike sees technological innovation as a key component for the solution to growing enough food to meet the ever increasing demands for an expanding world population. Clearly, Mike envisions CEA to be healthier for the environment because it utilizes natural resource conservation through its employment of a vital vertically integrated business model. Alternative renewable energy sources are part of this success story; Village Farms Canada converts methane from a nearby landfill to a sustainable energy source for its greenhouses there. While in Texas, a Village Farms greenhouse gets a significant portion of its electricity from solar and wind power. Village Farms is focused on maximizing the source of production at the means of consumption for a new model in urban farming. With multiple infinitives underway from VF Clean Energy, including utilizing fuel cell technology that will clean landfill CO2 emissions and convert them to multiple energy streams, as well as sustainability measures that are leading the agricultural sector in natural resource conservation.
A modern day applied version of Village Farms urban agriculture model was realized in 2012 with the build out of the company’s proprietary GATES technology in a semi-closed 30 acre greenhouse in the Permian Basin’s extreme climate of west Texas at the cost of 42 million dollars. In this intense environment Village Farms is able to grow in temperatures that can range from a low of -10 degrees to a high of +45 degrees celisius and where year-round harvesting yields vine-ripened fresh local products ready for consumers to purchase from Texas retailers that go from farm to plate in just a short 1 or 2 days.
In Michael’s prior life he served on active duty in the United States Navy as an officer and tactical carrier jet aviator from July 1976 through January 1983, and the Naval Air Reserves from 1983 to 2001, retiring at the rank of Captain with the United States Naval Reserve. Throughout his Naval career, he held various department head positions, completed a tour as Commanding Officer of a jet aviation squadron, performed multiple tours overseas, and has completed numerous senior advanced management courses all while logging over 5,000 hours of jet flight time.
Michael received a Bachelor of Science degree in Aeronautical Science and Aviation Management from Embry Riddle Aeronautical University in Daytona Beach, Florida.