HF Foods Group Announces Leadership Changes
HF Foods (NASDAQ: HFFG) announced board and finance leadership changes on October 16, 2025. Jeffery Taylor was appointed to the Board, bringing 27+ years of public-company finance and M&A experience, including roles as CFO at Franklin Electric where he helped grow revenue from $1.7B to $2.0B and expanded operating income to $244M. The company named Paul McGarry Interim CFO effective October 15, 2025 while it searches for a permanent successor. Management says Taylor will advise on M&A, capital markets and investor relations as HF Foods advances its operational transformation plan.
HF Foods (NASDAQ: HFFG) ha annunciato cambiamenti nel consiglio e nella leadership finanziaria il 16 ottobre 2025. Jeffery Taylor è stato nominato nel Consiglio, portando oltre 27 anni di esperienza in finanza di società quotate e M&A, tra cui ruoli come CFO in Franklin Electric, dove ha contribuito a far crescere i ricavi da $1,7B a $2,0B e ad aumentare l"utile operativo a $244M. L'azienda ha nominato Paul McGarry CFO ad interim con effetto dal 15 ottobre 2025, mentre cerca un successore permanente. La direzione afferma che Taylor supporterà M&A, mercati dei capitali e relazioni con gli investitori mentre HF Foods avanza nel suo piano di trasformazione operativa.
HF Foods (NASDAQ: HFFG) anunció cambios en la Junta y en el liderazgo financiero el 16 de octubre de 2025. Jeffery Taylor fue designado para la Junta, aportando más de 27 años de experiencia en finanzas de empresas cotizadas y F&A (M&A), incluyendo roles como CFO en Franklin Electric, donde ayudó a hacer crecer los ingresos de $1.7B a $2.0B y a ampliar el beneficio operativo a $244M. La empresa nombró a Paul McGarry CFO interino a partir del 15 de octubre de 2025 mientras busca un sucesor permanente. La dirección dice que Taylor asesorará en fusiones y adquisiciones, mercados de capital y relaciones con inversores a medida que HF Foods avanza en su plan de transformación operativa.
HF Foods (NASDAQ: HFFG)가 2025년 10월 16일 이사회 및 재무 리더십 변화 발표를 했습니다. Jeffery Taylor가 이사회에 임명되어 상장 기업의 재무 및 M&A 경력 27년 이상을 가져오며, Franklin Electric에서 CFO로 재임하며 매출을 17억 달러에서 20억 달러로 성장시키고 영업 이익을 2억 4,400만 달러로 확대한 경험을 포함합니다. 회사는 2025년 10월 15일부로 임시 CFO로 Paul McGarry를 임명했고, 영구 후임자를 찾는 동안입니다. 경영진은 Taylor가 M&A, 자본 시장 및 투자자 관계에 대해 자문하고 HF Foods가 운영 혁신 계획을 추진하는 데 도움을 줄 것이라고 말합니다.
HF Foods (NASDAQ: HFFG) a annoncé des changements au sein du conseil et de la direction financière le 16 octobre 2025. Jeffery Taylor a été nommé au conseil, apportant plus de 27 ans d'expérience en finances d'entreprises publiques et en M&A, notamment en tant que CFO chez Franklin Electric où il a contribué à augmenter le chiffre d'affaires de 1,7 milliards de dollars à 2,0 milliards de dollars et à porter le résultat opérationnel à 244 millions de dollars. L'entreprise a nommé Paul McGarry CFO intérimaire à partir du 15 octobre 2025 pendant qu'elle recherche un successeur permanent. La direction indique que Taylor conseillera sur les fusions et acquisitions, les marchés de capitaux et les relations avec les investisseurs pendant que HF Foods poursuit son plan de transformation opérationnelle.
HF Foods (NASDAQ: HFFG) gab am 16. Oktober 2025 Veränderungen im Vorstand und in der Finanzführung bekannt. Jeffery Taylor wurde in den Vorstand berufen und bringt über 27 Jahre Erfahrung in der Finanzführung börsennotierter Unternehmen und M&A mit, darunter Positionen als CFO bei Franklin Electric, wo er dazu beigetragen hat, den Umsatz von 1,7 Mrd. USD auf 2,0 Mrd. USD zu steigern und das operative Ergebnis auf 244 Mio. USD zu erhöhen. Das Unternehmen benannte Paul McGarry mit Wirkung vom 15. Oktober 2025 vorübergehend zum CFO, während es nach einem dauerhaften Nachfolger sucht. Das Management sagt, Taylor werde bei M&A, Kapitalmärkten und Investor Relations beratend tätig sein, während HF Foods seinen operativen Transformationsplan vorantreibt.
HF Foods (NASDAQ: HFFG) أعلنت عن تغييرات في المجلس والقيادة المالية في 16 أكتوبر 2025. تم تعيين جيفري تايلور في المجلس، وهو يجلب أكثر من 27 عامًا من الخبرة في تمويل الشركات العامة وعمليات الدمج والاستحواذ، بما في ذلك وظائف كـ CFO في Franklin Electric حيث ساهم في رفع الإيرادات من 1.7 مليار دولار إلى 2.0 مليار دولار وتوسيع الدخل التشغيلي إلى 244 مليون دولار. حدّدت الشركة بول مكجاري CFO مؤقت اعتباراً من 15 أكتوبر 2025 بينما تبحث عن خليفة دائم. تقول الإدارة إن تايلور سيقدم مشورة في الدمج والاستحواذ والأسواق الرأسمالية والعلاقات مع المستثمرين بينما يواصل HF Foods خطته للتحول التشغيلي.
HF Foods (NASDAQ: HFFG) 于 2025年10月16日宣布董事会及财务领导层的变动。杰弗里·泰勒被任命为董事会成员，带来超过27年的上市公司财务和并购经验，其中包括在 Franklin Electric 担任 CFO 的经历，他帮助将收入从 $1.7B 提升至 $2.0B，并将经营利润扩至 $244M。公司任命保罗·麦加里为临时 CFO，自 2025年10月15日 起生效，同时在寻找永久接班人。管理层表示，泰勒将就并购、资本市场和投资者关系提供咨询，推动 HF Foods 的运营转型计划。
- Led revenue growth $1.7B→$2.0B (2021–2025)
- Operating income improvement to $244M at prior employer
- Generated >$200M working capital free cash flow improvement
- Executed a $360M strategic acquisition previously
- Internal Interim CFO appointment supports continuity
- CFO transition to interim creates temporary leadership gap
- Ongoing permanent CFO search may cause near‑term investor uncertainty
LAS VEGAS, Oct. 16, 2025 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG) (“HF Foods” or the “Company”), a leading distributor of international foodservice solutions to Asian restaurants and other businesses across the United States, today announced the appointment of Jeffery Taylor to its Board of Directors.
Mr. Taylor brings over 27 years of senior finance leadership experience across iconic blue-chip manufacturing companies, including most recently serving as VP, Chief Financial Officer and Chief Accounting Officer of Franklin Electric Co., Inc. (NASDAQ: FELE), a global industrial manufacturer. His proven expertise spans financial management, M&A execution, capital markets financing, operational finance transformation, and public company board governance, making him an invaluable strategic advisor as HF Foods continues executing its operational transformation plan.
“We are thrilled to welcome Jeff to our Board of Directors at this pivotal time in HF Foods’ evolution,” said Felix Lin, President and Chief Executive Officer of HF Foods. “Jeff’s extensive public company CFO experience and proven track record of driving profitable growth, leading transformational initiatives, and enhancing shareholder value align perfectly with our strategic objectives. His deep expertise in M&A execution spanning small tuck-in to large strategic acquisitions, and capital markets experience is expected to be instrumental as we continue to pursue growth opportunities and operational excellence. His background in leading organizations through periods of significant growth and change, combined with his extensive board governance experience, positions him perfectly to help guide HF Foods toward achieving its full potential.”
During his tenure as CFO of Franklin Electric from 2021 to 2025, Mr. Taylor led revenue growth from
Prior to Franklin Electric, Mr. Taylor served as CFO of Blue Bird Corporation (NASDAQ: BLBD) and Wabash National Corporation (NYSE: WNC), where he executed a
“I am honored to join HF Foods’ Board of Directors during such an exciting period of growth and transformation,” said Mr. Taylor. “Having spent nearly three decades in senior finance leadership roles across diverse manufacturing environments, I’m impressed by HF Foods’ strategic vision and the significant opportunities ahead. I look forward to leveraging my public company and board experience to help the Company accelerate its growth trajectory while creating sustainable value for all stakeholders. HF Foods’ commitment to operational excellence and strategic evolution aligns perfectly with my passion for driving results in dynamic market environments.”
Chief Financial Officer Transition
The Company also announced today a CFO transition to enhance its financial leadership as it advances its strategic transformation. Paul McGarry, the Company's Vice President, Corporate Controller, has been appointed Interim CFO, effective October 15, 2025, replacing Cindy Yao, while the Company conducts a comprehensive search for a permanent successor. Mr. McGarry brings extensive finance experience and deep knowledge of HF Foods’ business operations.
“We have complete confidence in Paul’s ability to provide seamless leadership during this transition,” said Mr. Lin. “Additionally, Jeff’s appointment to our board brings valuable expertise that will serve as exceptional mentorship to Paul and our permanent CFO replacement, providing critical guidance on financial strategy, investor relations, and value creation initiatives. We thank Cindy for her contributions to HF Foods during her tenure.”
The Company has begun the process of identifying a permanent CFO.
About HF Foods Group Inc.
HF Foods Group Inc. is a leading marketer and distributor of fresh produce, frozen and dry food, and non-food products to primarily Asian restaurants and other foodservice customers throughout the United States. HF Foods aims to supply the increasing demand for Asian American restaurant cuisine, leveraging its nationwide network of distribution centers and its strong relations with growers and suppliers of fresh, high-quality specialty restaurant food products and supplies in the US and Asia. Headquartered in Las Vegas, Nevada, HF Foods trades on Nasdaq under the symbol “HFFG”. For more information, please visit www.hffoodsgroup.com.
Forward-Looking Statements
All statements in this news release other than statements of historical facts are, or may be deemed to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and contain our current expectations about our future results. We have attempted to identify any forward-looking statements by using words such as “aims,” “continues,” “expects,” “plans,” “will,” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Such statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the Company’s actual results, events or financial positions to differ materially from those included within or implied by such forward-looking statements. Such factors include, but are not limited to, risks relating to our ability to consummate our operational transformation plan as anticipated, risks relating to the impact of our operational plan on our sales and efficiencies, risks relating to the impact of demographic trends on demand for the products we distribute, risks related to potential increases in tariff-related costs, statements of assumption underlying any of the foregoing, and other factors including those disclosed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements.
Contact:
ICR
Investors: Anna Kate Heller
Media: Michael Wolfe
hffoodsgroup@icrinc.com
FAQ
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