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Natural Grocers by Vitamin Cottage, Inc. Announces Appointment of Richard Hallé as Chief Financial Officer

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Natural Grocers (NYSE: NGVC) has appointed Richard Hallé as Chief Financial Officer, effective January 1, 2025. Hallé, who has served on the company's board and audit committee since 2012, will succeed Todd Dissinger, who retires December 31, 2024. Hallé brings extensive experience from his previous roles, including managing director at Alvarez and Marsal Private Equity and CFO of Vivial Inc. He will oversee finance, accounting, treasury, financial planning, investor relations, internal audit, and other key financial functions. To ensure a smooth transition, Hallé will begin interim employment on November 4, 2024, and has resigned from his board positions.

Natural Grocers (NYSE: NGVC) ha nominato Richard Hallé come Chief Financial Officer, con effetto dal 1 gennaio 2025. Hallé, che fa parte del consiglio di amministrazione e del comitato di revisione dell'azienda dal 2012, succederà a Todd Dissinger, che andrà in pensione il 31 dicembre 2024. Hallé porta con sé un'ampia esperienza dai suoi ruoli precedenti, tra cui quello di Managing Director presso Alvarez e Marsal Private Equity e CFO di Vivial Inc. Si occuperà della finanza, contabilità, tesoreria, pianificazione finanziaria, relazioni con gli investitori, revisione interna e altre funzioni finanziarie chiave. Per garantire una transizione senza problemi, Hallé inizierà l'impiego temporaneo il 4 novembre 2024 e ha rinunciato alle sue cariche nel consiglio.

Natural Grocers (NYSE: NGVC) ha nombrado a Richard Hallé como Director Financiero, con efecto a partir del 1 de enero de 2025. Hallé, quien ha formado parte de la junta y del comité de auditoría de la compañía desde 2012, sucederá a Todd Dissinger, quien se retirará el 31 de diciembre de 2024. Hallé aporta una amplia experiencia de sus roles previos, incluyendo director general en Alvarez y Marsal Private Equity y CFO de Vivial Inc. Supervisará las finanzas, contabilidad, tesorería, planificación financiera, relaciones con inversores, auditoría interna y otras funciones financieras clave. Para asegurar una transición sin problemas, Hallé comenzará un empleo interino el 4 de noviembre de 2024 y ha renunciado a sus puestos en la junta.

내추럴 그로셔스 (NYSE: NGVC)는 리처드 알레를 최고재무책임자(CFO)로 임명했으며, 이는 2025년 1월 1일부터 유효합니다. 알레는 2012년부터 회사 이사회와 감사위원회에서 활동해 왔으며, 2024년 12월 31일에 은퇴하는 토드 디싱거를 이어받게 됩니다. 알레는 알바레즈 앤드 마르살 프라이빗 에쿼티의 전무이사 및 비비얼 Inc.의 CFO를 포함한 이전 역할에서 폭넓은 경험을 가지고 있습니다. 그는 재무, 회계, 재무 계획, 투자자 관계, 내부 감사 및 기타 주요 재무 기능을 감독할 것입니다. 원활한 전환을 위해 알레는 2024년 11월 4일부터 임시 근무를 시작하며, 이사회 직위에서 사임했습니다.

Natural Grocers (NYSE: NGVC) a nommé Richard Hallé au poste de directeur financier, à compter du 1er janvier 2025. Hallé, qui siège au conseil d'administration et au comité d'audit de l'entreprise depuis 2012, succédera à Todd Dissinger, qui prendra sa retraite le 31 décembre 2024. Hallé apporte une vaste expérience acquise dans ses postes précédents, y compris directeur général chez Alvarez et Marsal Private Equity et directeur financier de Vivial Inc. Il supervisera les finances, la comptabilité, la trésorerie, la planification financière, les relations investisseurs, l'audit interne et d'autres fonctions financières clés. Pour garantir une transition en douceur, Hallé commencera un emploi temporaire le 4 novembre 2024 et a démissionné de ses postes au conseil d'administration.

Natural Grocers (NYSE: NGVC) hat Richard Hallé zum Chief Financial Officer ernannt, mit Wirkung zum 1. Januar 2025. Hallé, der seit 2012 im Vorstand und im Prüfungsausschuss des Unternehmens tätig ist, wird Todd Dissinger nachfolgen, der am 31. Dezember 2024 in den Ruhestand geht. Hallé bringt umfassende Erfahrung aus seinen früheren Funktionen mit, darunter Managing Director bei Alvarez und Marsal Private Equity und CFO von Vivial Inc. Er wird die Finanzen, Buchhaltung, Treasury, Finanzplanung, Investor Relations, interne Revision und andere wichtige Finanzfunktionen überwachen. Um einen reibungslosen Übergang zu gewährleisten, wird Hallé am 4. November 2024 mit der interimistischen Beschäftigung beginnen und hat seine Vorstandsposten niedergelegt.

Positive
  • Appointment of CFO with deep company knowledge from 10+ years on board
  • Structured transition period with overlap between incoming and outgoing CFO
  • New CFO brings extensive financial leadership experience from multiple companies
Negative
  • None.

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 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/natural-grocers-by-vitamin-cottage-inc-announces-appointment-of-richard-halle-as-chief-financial-officer-302293242.html

SOURCE Natural Grocers by Vitamin Cottage, Inc.

FAQ

When will Richard Hallé become CFO of Natural Grocers (NGVC)?

Richard Hallé will become CFO of Natural Grocers effective January 1, 2025.

Who is Richard Hallé replacing as CFO at Natural Grocers (NGVC)?

Richard Hallé is replacing Todd Dissinger, who will retire as CFO on December 31, 2024.

How long has Richard Hallé been associated with Natural Grocers (NGVC)?

Richard Hallé has served on Natural Grocers' board of directors and audit committee since 2012.

When will Richard Hallé start his transition period at Natural Grocers (NGVC)?

Richard Hallé will begin his interim employment with Natural Grocers on November 4, 2024.

NATURAL GROCERS BY VITAMIN COTTAGE, INC

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