Innovative Food Holdings Inc. (OTC:IVFH) Stock On The Radar After Latest News

Innovative Food Holdings Inc. (OTC:IVFH) is involved in selling gourmet specialty foods to home gourmets and professional chefs at a national level. On January 2, the company came into focus after it announced that it had appointed a new Chief Financial Officer in the form of Gary Schubert.

The appointment went into effect on January 1, 2024. It was also revealed in the news release that Richard Tang, the previous Chief Executive Officer of Innovative Food Holdings, would continue to be with the company in order to help with the transition process. In the news release, the company also thanked Tang for his leadership over the past three years, during which the company swung back to profitability after the coronavirus pandemic.

In this context, it may be a good time for investors to consider taking a look into the credentials of Schubert as the new CFO of Innovative Food Holdings. It was noted that he held considerable experience in not only working at publicly listed companies but also in the food industry. He worked at Tyson Foods for 3 years and at retail behemoth Walmart for 15 years. The last position that he held was that of Senior Director of Finance and Transformation Strategy at Walmart, Inc.

In the above-mentioned role, Schubert had been put in charge of generating long-term and sustainable growth by boosting the customer share of wallets and making improvements in the end-to-end omnichannel dynamics at the e-commerce business at Walmart, worth $75 billion.

The Chief Executive Officer of Innovative Food Holdings, Bill Bennett, spoke about the latest appointment as well. He stated that everyone at the company was excited at the prospect of having Shubert in the position. He went on to state that the new CFO had significant experience in the implementation and development of profitable strategies.