A new tile falls on the Quebec ready-to-cook, Goodfood Market which, in the midst of a storm, must deal with the departure of a key member of its management, Philippe Adam, considered the number two of the organization .
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The Chief Financial Officer of Goodfood has just been appointed Executive Vice President and Chief Financial Officer of Pomerleau, one of the major construction companies in Canada. In this capacity, Mr. Adam will also lead the activities of Pomerleau Capital, the company’s private capital and infrastructure investment arm.
This resignation comes as Goodfood is going through one of its worst periods since its founding in 2014. Faced with apparent logistical difficulties, the company has to deal with the discontent of its customers, dissatisfied with the services obtained in recent years. weeks.
Stock market plunge
The Montreal company, listed on the Toronto Stock Exchange, saw the value of its title plunge massively as soon as the markets opened on Wednesday. Shortly after 11:30 am Wednesday, the value of its stock (TSX: FOOD) had already fallen by 11%, suddenly erasing all of its gains of the last week.
Mr. Adam’s resignation will take effect on April 2. The latter must enter Pomerleau post the next day. In a press release, the chairman of the board and CEO of Goodfood, Jonathan Ferrari, said he wished the resigning “the best”.
Philippe Adam joined Goodfood Market in 2018 as Chief Financial Officer. Previously, he held the position of Senior Vice-President of Corporation Financière Champlain, and from 2013 to 2016, that of Chief Financial Officer of Garda Verification Solutions.