Lombard joins board of directors for Cadiz Inc.

Ken Lombard has been appointed to Cadiz Inc.’s Board of Directors. Lombard is the President & CEO of BRIDGE Housing, a leading nonprofit developer, owner, and manager of affordable housing in California, Oregon, and Washington.

Over 30 years, Mr. Lombard has built an extensive career across a range of industries, including investment banking, urban development, corporate expansion, real estate investment and entertainment. His previous experience includes the senior roles at Johnson Development Corporation, which he co-founded in 1992 with Earvin “Magic” Johnson, Starbucks Entertainment, Capri Capital Partners, MacFarlane Partners, and Seritage Growth Properties. Mr. Lombard holds an equally distinguished career in public service, including leading roles as Commissioner and President of the Los Angeles Department of Water & Power, as a Director on the Board of the Metropolitan Water District of Southern California, as President of the Los Angeles Fire Department Commission and the Los Angeles Charter Reform Commission.

“Ken’s extensive industry experience, financial acumen and commitment to underserved communities is unparalleled,” said Susan Kennedy, Executive Chair of the Cadiz Board. “With California facing crossroad after crossroad on the issues of water supply, affordable housing, economic opportunity, and climate change, I can think of no one better than Ken Lombard to help this company deliver on its mission for the people of California.”

“I’m pleased to have this opportunity to make a difference at such an important time in the fight against climate change,” said Director Lombard. “Water insecurity threatens not only our people and the environment, but also whole communities, our economy, our future and the quality of life that makes California so great. I look forward to being part of the solution as a member of the Board.”

Lombard’s appointment to the Board is effective immediately. Lombard will serve on the Board’s Audit and Risk Committee, which provides oversight of the Company’s financial statements, assessment of risk, and compliance with legal, security and regulatory requirements.

Additional information about the Cadiz Inc. Board of Directors is available on the Company’s website at https://www.cadizinc.com/board-of-directors/.