Steve Goedeker Issues Open Letter to Fellow Stockholders of 1847 Goedeker, Inc.

Rhea-AI Summary

Steve Goedeker, former CEO and major stockholder of 1847 Goedeker (NYSE American: GOED), expresses confidence in the company's new leadership under Albert Fouerti. He highlights the commitment to integrity and customer focus as core values while the company transitions into a technology-driven e-commerce seller of home appliances. Goedeker urges stockholders to consider the long-term potential of the company and supports the ongoing efforts to strengthen the board with qualified experts. His message emphasizes patience and long-term vision for investors.

Positive

• Confidence in new leadership under Albert Fouerti.
• Commitment to integrity and customer focus maintained.

Negative

• None.

BALLWIN, Mo.--(BUSINESS WIRE)-- Steve Goedeker, former chief executive officer and a sizable stockholder of 1847 Goedeker, Inc. (NYSE American: GOED) (“Goedeker” or the “Company”), today issued the below letter:

Fellow Stockholders,

Under my family’s stewardship and throughout my tenure as chief executive officer, Goedeker was a business that operated with the utmost integrity while always prioritizing the interests of its customers and employees. I am pleased to see that Goedeker’s new leadership is continuing to uphold those tenets of success – even as the business grows and transforms into an ecommerce, technology-driven seller of home appliances.

The Goedeker family supports Albert Fouerti and believes in his vision. We are also supportive of the Company’s ongoing process for strengthening the board of directors with qualified experts. In our view, Albert and the Company’s new leadership should be given time to put the foundation in place for long-term value.

We hope our fellow stockholders remain focused on the long-term potential when evaluating Goedeker. Great businesses are built over the course of years, rather than months or a couple of quarters.

Sincerely,

Steve Goedeker

View source version on businesswire.com: https://www.businesswire.com/news/home/20210928005656/en/

Media:

Miller Winston

Sloane & Company

mwinston@sloanepr.com

 

Source: On behalf of Steve Goedeker

FAQ

What did Steve Goedeker say about 1847 Goedeker (GOED) leadership?

Steve Goedeker expressed confidence in the new leadership under Albert Fouerti, emphasizing a commitment to integrity and customer focus.

What is the vision for 1847 Goedeker (GOED) under new leadership?

The vision includes transforming into a technology-driven seller of home appliances.

Why does Steve Goedeker ask stockholders to focus on long-term potential?

He believes great businesses are built over years and not just over short periods.