Goodfood Market Corp. ("Goodfood" or the "Company") (TSX: FOOD), today announced that Selim A. Bassoul has resigned as Chief Executive Officer and as a member of the Board of Directors, effective August 3, 2026.
Concurrently, Goodfood announced the appointment of Najib Maalouf as Chief Executive Officer. Mr. Maalouf has served as the Company's President and Chief Operating Officer since March 2026, and the Board's decision reflects its confidence in the continuity of the Company's leadership, strategy and day-to-day operations, as well as its ongoing review of strategic options.
"Mr. Maalouf's deep knowledge of our operations, culture, strategic priorities, and proven results make him the right leader to guide Goodfood forward," said Donald Olds, Lead Independent Director. "His appointment ensures continuity in the execution of our strategy at an important time for the Company as we carefully weigh our strategic options."
"I'm honoured to lead Goodfood into its next chapter," said Mr. Maalouf. "Having worked closely with our teams over the past several months, I look forward to building on the progress we've made, continuing to execute our strategy and delivering for our customers while making the right decisions for all of our key stakeholders."
Since joining Goodfood as President and Chief Operating Officer, Mr. Maalouf has played a key role in improving the Company's operational efficiency and evolving its business model. The Board expects no changes to strategic priorities or day-to-day operations as a result of this leadership transition including its ongoing strategic review process.
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