Things are evidently getting so bad at The Very Good Food Company (TSXV: VERY) that even interim executives are leaving the company. The company has now seen President and Interim CFO Ana Silva resign from the company.
Silva had been in the role of President since January 2021, arriving at the firm following a stint at Daiya Foods, a competitor to VERY in the plant based space, where she served as CFO. She meanwhile had occupied the role of interim CFO with the Very Good Food Co since December, following the departure of Kamini Hitkari from the company. The resignation of Silva is said to be effective as of April 22, 2022.
Also announced this morning is that the firm has appointed Matthew Hall to the role of interim CEO. The appointment follows the canning of both the CEO and chief research and development officer earlier this month as the company looks to restructure its operations. Hall previously served as an executive for Nestle, where he spent 31 years as a global senior exec.
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Hall will begin his tenure with the company on May 2, and is also expected to join the firms board of directors.
A replacement for the interim CFO role was not named by the company in connection with the departure of Silva.
The Very Good Food Co last traded at $0.43 on the TSX Venture.
Information for this briefing was found via Sedar and The Very Good Food Company. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
