Monsanto CTO Awarded World Food Prize

By Eric Volkman – Jun 19, 2013 at 5:56PM

NYSE: MON

Monsanto Company

Robert Fraley is one of three people sharing this year's laurels.

An executive at Monsanto (MON) has won a prestigious award for aiding the global food supply. Chief Technology Officer Robert Fraley was one of three people to receive the World Food Prize.

Fraley and fellow food scientists Marc Van Montagu and Mary-Dell Chilton will share the $250,000 award for their "groundbreaking" research into methods for using plant bacterium to insert genes from another organism into plant cells.

The World Food Prize is an annual honor bestowed on a person or people who, in the words of the organization conferring the award, "have advanced human development by improving the quality, quantity or availability of food in the world." It was conceived by Nobel Peace Prize winner Norman Borlaug, and first awarded in 1987.

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