Selim Bassoul, who was named CEO of the Montreal-based firm in February, will be replaced by Najib Maalouf, who joined the company as chief operating officer in March. The company, which delivers meal kits and has production facilities in Alberta and Quebec, did not say why Bassoul resigned. (The Logic)

Talking point: Goodfood warned late last month that “investors could see the value of their investment decrease significantly” if it does not stabilize its finances and debt, and its share price is down about 82 per cent over the past month. Though Maalouf has only been on the COO job a few months, the company’s board praised his efforts to improve corporate efficiency, adding that his knowledge of the company will ensure continuity. Goodfood’s co-founder stepped down as COO in January and its chief financial officer left in March. Other meal kit companies are facing their own trouble. Blue Apron vendor FreshRealm filed for bankruptcy protection earlier this year.  

Sponsored Content

The real-world economic offshoots of sovereign AI

By Deborah Aarts

Increasing healthcare access across Canada

By Deborah Aarts

What it takes to lead a frontier firm

By Deborah Aarts

Paid promotional content