Mr. Jim Delsnyder reports
ZOGLO'S INCREDIBLE FOOD APPOINTS NEW CFO AND GRANTS OPTIONS
Doug Harris has been appointed as Zoglo's Incredible Food Corp.'s chief financial officer, effective Oct. 1, 2022.
Mr. Harris is a chartered accountant and a chartered business valuator with over 20 years of experience in the financial services sector. Mr. Harris has worked in accounting, corporate finance, private equity, and mergers and acquisitions. He has participated in over $2-billion of transactions. Mr. Harris holds an MBA (accounting) from the Rotman School of Management at the University of Toronto and a BSc from the University of Guelph.
As part of the remuneration package, the company will also grant 150,000 incentive options with the following vest-in schedule: 50,000 options after six months, 50,000 options after 12 months and 50,000 options after 150,000. The options will have an exercise price of eight cents per common share and expire in four years.
Concurrent with Mr. Harris's appointment, Spence Walker has stepped down from his role as CFO of Zoglo's, effective Oct. 1, 2022. The company wishes him the best in all his future endeavours.
About Zoglo's Incredible Food Corp.
Zoglo's Incredible Food is a publicly traded plant-based food company that offers nutrient-rich, plant-based appetizers, veggies and meat substitutes to fulfill consumers' needs for all occasions and cooking requirements. The company's wholly owned subsidiary, Zoglo's Incredible Food Inc., currently offers 14 products through its Traditional Green Box product line and aims to offer 12 innovative products for the mainstream market through its new Zoglo's Incredible Black Box product line. Over the past 25 years, Zoglo's products have been distributed in over 1,300 retail stores across Canada, including Walmart, Shoppers Drug Mart, Sobeys and Loblaws, and have representation in the United States and Europe. The company trades on the Canadian Securities Exchange under the ticker ZOG and on the Frankfurt Stock Exchange under the ticker 7UT.
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