Who We Are

Mike Nicoletti came to Penny Newman in 1974 on graduation from the University of Santa Clara. He worked in all aspects of the business with former owner Frank Moradian for 13 years and became president of the company upon Moradian’s retirement. Nicoletti purchased the company with two associates in 1988.

Mike Nicoletti, President

James Netto joined Penny Newman in 1986 as a dairy feed salesman, soon found himself the sales manager, and shortly thereafter was named to head the company’s feed division. He became a principal in the company in 1988.

James Netto, Vice President

Jeff Barnes was Penny Newman’s first Sacramento-based employee. Hired in 1986 as a wheat buyer, Barnes soon discovered a market in the area for Penny Newman’s burgeoning feed by-product business, particularly by-products from northern California’s rice and walnut industries. He became a principal in the company in 1988.

Jeff Barnes, Vice President