Skip to content
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.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Analysis
Why a midterm sweep for the Democrats won’t end Canada’s trade nightmare
Briefing
Major Projects Office CEO says First Nations have ‘every right’ to be skeptical
Bay Street banks move to block third-party AI agents from accessing their services
Ontario plans to match the federal Productivity Mega Deduction business tax cut
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
