Innovative Food Holdings, a Bonita Springs national seller of gourmet specialty foods to professional chefs, has announced a leadership transition that includes promoting CFO Gary Schubert to the CEO role.
The publicly traded company, in a statement after the market closed Tuesday, says the transition is “aligned with its three-phased strategy to restore financial health, build a scalable platform and accelerate long-term growth.” Traded over the counter, Innovative Food Holdings (OTCQB: IVFH) had $72.13 million in revenue in 2024, with $16.85 million in gross profit.
Schubert replaces Bill Bennett in the CEO and board role. Bennett, the release states, has moved into a consulting role with the company effective Oct. 3 that will run through March 31, 2026. Bennett was named CEO of the company in February 2023, after serving as vice president of e-commerce for grocery giant Kroger for three years.
Schubert, meanwhile, spent 15 years at Walmart before being named CFO of Innovative Food Holdings in January 2024. At Walmart he was senior director of finance and transformation strategy and the financial lead for Walmart’s Neighborhood Market business, among other roles. Before Walmart Schubert had roles in financial planning and analysis, corporate treasury and investor relations for chicken processing company Tyson…