LAKEWOOD, Colo., Oct. 31,
2024 /PRNewswire/ -- Natural Grocers by Vitamin
Cottage, Inc. (NYSE: NGVC) today announced that Richard Hallé
has been appointed Chief Financial Officer of the Company effective
January 1, 2025. Mr. Hallé has served
as a member of Natural Grocers' board of directors and audit
committee since 2012 and will succeed Todd
Dissinger, who will retire on December 31, 2024, as previously announced.
"I am thrilled to welcome Rich to the Natural Grocers executive
team as Chief Financial Officer. Rich's deep, strategic knowledge
of our company from his many years of service on the board and
strong background as a seasoned finance executive make him the
ideal fit as we continue to execute to our founding principles,"
said Kemper Isely, Natural Grocers'
Chairman and Co-President. "He has a strong track record of value
creation and brings significant experience in corporate finance,
accounting, business operations and financial reporting to our
company. We are grateful for Todd's significant contributions to
Natural Grocers during his tenure and appreciate his continued
service through the end of 2024 to ensure a successful transition.
We wish him the best in retirement."
"I am grateful to Kemper and our board for this opportunity,"
said Mr. Hallé. "It has been a privilege to serve on Natural
Grocers' board, and I am excited to contribute in this new role as
we work together to provide the communities we serve access to
affordable, high-quality natural and organic products while
creating value for our stockholders."
Mr. Hallé previously served as a managing director of Alvarez
and Marsal Private Equity Performance Improvement Group from
March 2023 to October 2024. From 2011 until 2021, Mr. Hallé
served as the Chief Financial Officer of Vivial Inc., overseeing
finance, including accounting, treasury, tax, planning,
forecasting, budgeting and financial reporting. Previously, Mr.
Hallé served as the Chief Financial Officer and Secretary of DTN
Holding Company, Inc. from 2003 to 2008, and as a Managing Director
of FTI Consulting, Inc. from 2002 to 2003, where he developed
business and finance strategies.
Mr. Hallé will oversee Natural Grocers' finance, accounting,
treasury, financial planning and analysis, investor relations,
project management office, internal audit, accounts payable, tax,
and payroll and benefits. He will commence his interim employment
with the company on November 4, 2024,
in advance of his appointment, to facilitate an orderly transition
in the Chief Financial Officer role. Mr. Hallé has resigned
from Natural Grocers' board of directors, audit committee and
compensation committee.
About Natural Grocers by Vitamin Cottage
Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is an
expanding specialty retailer of natural and organic groceries, body
care products and dietary supplements. The products sold by Natural
Grocers must meet strict quality guidelines and may not contain
artificial colors, flavors, preservatives or sweeteners, or
partially hydrogenated or hydrogenated oils. The Company sells only
USDA certified organic produce and exclusively pasture-raised,
non-confinement dairy products, and free-range eggs. Natural
Grocers' flexible smaller-store format allows it to offer
affordable prices in a shopper-friendly, clean and convenient
retail environment. The Company also provides extensive free
science-based nutrition education programs to help customers make
informed health and nutrition choices. The Company, founded in
1955, has 169 stores in 21 states.
Visit www.NaturalGrocers.com for more information and store
locations.
Investor Contact:
Reed Anderson, ICR, 646-277-1260,
reed.anderson@icrinc.com
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SOURCE Natural Grocers by Vitamin Cottage, Inc.