BONITA SPRINGS, Fla., Jan. 02, 2024 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB:IVFH) ("IVFH" or the "Company"), a national seller of gourmet specialty foods to Professional Chefs and Home Gourmets, today announced that Gary Schubert has assumed the role of Chief Financial Officer ("CFO") at IVFH effective January 1, 2024. The Company's previous CFO, Richard Tang, will stay on with the company to help with the transition through the end of January. We thank Richard for his tremendous contributions over the last three years, bringing the company back to profitability post-COVID, recapitalizing all company debt, improving net working capital, and strengthening the accounting team, enabling them to meet all SEC deadlines.
Incoming CFO Gary Schubert brings a wealth of public company and food industry experience to IVFH from his 15 years at Walmart and 3 years at Tyson Foods. Most recently he was the Senior Director of Finance and Transformation Strategy for Walmart, Inc. In this role, he was responsible for generating long-term sustainable growth by increasing customer share of wallet, driving repeat, and improving end-to-end omni-channel economics for Walmart's $75 billion ecommerce business. Prior to this role, Mr. Schubert served as the financial lead for Walmart's Neighborhood market business, the 6th largest grocery chain in the U.S., with over $20 billion in annual sales across 700 locations. In addition, his financial leadership experience ...