Village Farms announces succession plan for CFO

Village Farms International has begun a succession planning process for its Chief Financial Officer Stephen Ruffini. Mr. Ruffini will remain as CFO of the Company until a permanent replacement has been identified.

Mr. Ruffini will remain an employee of the company, not only to help ensure a smooth transition of his prior responsibilities, but also because he is expected to be appointed to a new leadership position focused on potential mergers and acquisitions.

President and Chief Executive Officer Michael DeGiglio commented, "We're proud to celebrate Steve's tremendous career as CFO of Village Farms, and thrilled to retain his talents to lead our efforts surrounding strategic M&A activities. As a highly-skilled and trusted advisor to our leadership team and Board, he's the perfect candidate to lead this function during such an important time for the Company, and we're excited to continue working together for the foreseeable future."

Mr. Ruffini commented, "After nearly two decades with Village Farms, I'm honored to be transitioning away from the CFO role with the Company in the strongest financial position of its history. The Company has a bright future, which I look forward to contributing to through my new role and responsibilities. It's an exciting period of growth for the Company, and this new role is a great fit for my capabilities."