HF Foods Group Inc. Names Felix Lin Chief Executive Officer
19 Diciembre 2024 - 8:00AM
HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a
leading food distributor to Asian restaurants across the United
States, announced today that its Board of Directors has appointed
Felix Lin as permanent Chief Executive Officer (CEO), effective
January 1, 2025. Mr. Lin had previously served as President and
Chief Operating Officer (COO) and was appointed to the additional
role of Interim CEO in October 2024.
Mr. Lin has been a key leader of HF Foods for
the past five years, and his extensive experience in driving both
operations and strategy has been integral as the Company executes
its transformation plan. In accepting his new role, Mr. Lin will
relinquish his position as HF Foods’ COO. His responsibilities will
be seamlessly distributed among the Company's experienced senior
management team, ensuring continued operational excellence as Mr.
Lin assumes his new role as CEO. Mr. Lin will also be nominated to
join HF Foods’ Board of Directors during its next election cycle in
June 2025.
“The Board is proud to name Felix as CEO and is
confident he is the best choice to lead HF Foods forward, with
strong backing and support from the Board of Directors and
shareholders,” said Charlotte Westfall, HF Foods’ Lead Independent
Director. “His leadership at HF Foods over the last few years has
been greatly appreciated across the company. Felix’s vision and
commitment, paired with his significant industry experience and
in-depth knowledge of our business and customers are unmatched. We
look forward to the stability and growth mindset that he provides
HF Foods as the premier Asian foodservice provider in the
country.”
“I am thrilled to accept this opportunity and
want to extend my thanks to the Board and HF Foods’ stakeholders
for their support,” said Mr. Lin. “The HF Foods strategic
transformation plan is well underway, and we will continue to
execute on its rollout as we deliver unparalleled experiences of
Asian cuisine. Our best-in-class service, custom offerings,
detailed focus and worldwide network of suppliers are the
foundation of our success, and I am eager to continue strengthening
our position as the leading provider of high-quality, authentic and
affordable specialty foods and supplies to our customers
nationwide.”
To support HF Foods’ growth strategy and
execution of the strategic transformation plan, the Company has
made several key leadership appointments as it continues to
strengthen the collective industry expertise of its team:
- Jason White will serve as Senior
Vice President, People and Technology, in addition to his current
role as Vice President of Information Technology. Mr. White was one
of the Company’s first leadership hires when it began to develop
its corporate team in early 2022, and his years of experience in
both Human Resources and Information Technology uniquely qualify
him to lead HF Foods’ digital transformation as the Company
implements its new ERP program.
- Paul Guan will assume the role of
Vice President, Distribution Center Operations, in addition to his
current role as General Manager of Mountain Foods, a wholesale
Asian foodservice distributor in Aurora, CO, owned by HF Foods. Mr.
Guan has a wealth of industry experience and relationships, having
been with HF Foods for more than 20 years.
About HF Foods Group Inc.HF
Foods Group Inc. is a leading marketer and distributor of fresh
produce, frozen and dry food, and non-food products to primarily
Asian restaurants and other foodservice customers throughout the
United States. HF Foods aims to supply the increasing demand for
Asian American restaurant cuisine, leveraging its nationwide
network of distribution centers and its strong relations with
growers and suppliers of fresh, high-quality specialty restaurant
food products and supplies in the US, South America, and Asia.
Headquartered in Las Vegas, Nevada, HF Foods trades on Nasdaq under
the symbol “HFFG”. For more information, please visit
www.hffoodsgroup.com.
Forward Looking StatementsAll
statements in this news release other than statements of historical
facts are, or may be deemed to be, “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995 and contain our current expectations about our future
results. We have attempted to identify any forward-looking
statements by using words such as “aims,” “continues,” “expects,”
“plans,” “will,” and other similar expressions. Although we believe
that the expectations reflected in all of our forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct. Such statements are not
guarantees of future performance or events and are subject to known
and unknown risks and uncertainties that could cause the Company’s
actual results, events or financial positions to differ materially
from those included within or implied by such forward-looking
statements. Such factors include, but are not limited to, risks
relating to our ability to consummate our operational
transformation plan as anticipated, risks relating to the impact of
our operational plan on our sales and efficiencies, statements of
assumption underlying any of the foregoing, risks disclosed under
the caption “Risk Factors” in our Annual Report on Form 10-K for
the year ended December 31, 2023 and other filings with the SEC.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made.
Except as required by law, we undertake no obligation to disclose
any revision to these forward-looking statements.
Contact:ICRInvestors: Anna
Kate HellerMedia: Keil Deckerhffoodsgroup@icrinc.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/42808fb0-b74c-49d7-a8d2-7f3a9e379931
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