Zoglo's Incredible Food Corp. (CSE:ZOG) has announced the appointment of Val Jedras, a seasoned and well-respected consumer packaged goods (CPG) executive, as its new CEO and chairman with effect from today, January 16, 2023,
Paul Del Duca, who has served as the chairman, has consequently stepped down from the board and will continue supporting Zoglo’s in an advisory role, the company said.
Zoglo's noted that Jedras has over 32 years of experience, most recently serving as general manager for Reynolds Consumer Products Canada Inc. Before that, he was general manager for Corelle Brands Canada (EHI), Inc.
“It is a privilege to be taking the helm of Zoglo’s as the company continues with its expansion across North America,” Jedras said in a statement. “I look forward to working with the management team and board to execute our vision to be the go-to plant-based food option across dining tables in Canada and the United States.”
READ: Zoglo's Incredible Food adds seasoned CFO Doug Harris to executive team
Zoglo’s noted that Jedras also brings an invaluable sales background as he served as director of sales roles for leading firms such as Canada Dry Mot’s Inc. (formerly Cadbury Schweppes Americas Beverages), and Harley-Davidson of Canada. At present, he also serves as a board member for the Ronald McDonald House.
As part of his compensation package, the company said it will grant two million stock options at $0.05 per option exercisable for two years from the date of grant. Half of these options will vest at three months, and the remaining 50% will vest at six months.
Zoglo's Incredible Food is a plant-based food company offering nutrient-rich appetizers, veggies and meat substitutes. Zoglo's products have been distributed in more than 700 retail stores across Canada including Walmart, Shoppers Drug Mart, Sobeys and Loblaws.
Contact the author at stephen.gunnion@proactiveinvestors.com