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Planet Based Foods Global Inc. Announces CFO Resignation, Appointment of Interim CFO, and Board Changes

(Positive)
Tags
management

Planet Based Foods Global (CSE: PBF, OTC Pink: PBFFF, FSE: AZ00) announced that Chief Financial Officer Supreet Bhullar resigned effective July 31, 2026. Chief Executive Officer Kerem Akbas has been appointed interim CFO as the company begins a search for a permanent finance chief.

The company also reported that directors Beata Jirava and Olha Yushchenko resigned from the Board of Directors, effective the same date. According to Planet Based Foods, leadership remains focused on a smooth transition and continued execution of strategic priorities while it reconfigures its senior finance and board roles.

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Positive

  • CEO appointed interim CFO effective July 31, 2026, ensuring continuity in finance leadership during the search for a permanent CFO
  • Search for permanent CFO formally underway, signaling intent to restore a dedicated senior finance position

Negative

  • CFO resignation effective July 31, 2026, creating a leadership transition in the finance function
  • Two directors resign from the Board effective July 31, 2026, reducing board membership until replacements are appointed
  • No permanent CFO in place as of July 31, 2026, with the role covered on an interim basis

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - July 31, 2026) - Planet Based Foods Global Inc. (CSE: PBF) (OTC Pink: PBFFF) (FSE: AZ00) (the "Company" or "PBFG") announces that Supreet Bhullar, Chief Financial Officer of the Company, has resigned from her position, effective July 31, 2026.

The Company thanks Ms. Bhullar for her contributions to PBFG and wishes her well in her future endeavours.

PBFG also announces that Kerem Akbas, Chief Executive Officer of the Company, has been appointed interim Chief Financial Officer, effective July 31, 2026. Mr. Akbas will serve as interim Chief Financial Officer while the Company conducts a search for a permanent Chief Financial Officer.

In addition, the Company announces that Beata Jirava and Olha Yushchenko have resigned from the Company's Board of Directors, effective July 31, 2026. The Board thanks Ms. Jirava and Ms. Yushchenko for their service and valuable contributions to the Company and wishes them continued success in their future endeavours.

"On behalf of the board and management team, I would like to thank Supreet, Beata and Olha for their dedication and contributions to the Company," said Kerem Akbas, Chief Executive Officer and interim Chief Financial Officer of PBFG. "We are committed to ensuring a smooth transition as we continue executing our strategic priorities and conduct a search for a permanent Chief Financial Officer."

About Planet Based Foods Global Inc.

Planet Based Foods Global Inc. is reimagining the future of food through a diverse portfolio of sustainable ingredients, plant-based solutions, and advancements in agricultural technology. With a focus on environmental stewardship, product excellence, and scalable impact, the Company seeks to empower food manufacturers, partners, and consumers to participate in a cleaner, healthier, and more resilient global food system.

For further information, please contact:

Planet Based Foods Global Inc.
Kerem Akbas
Chief Executive Officer and interim Chief Financial Officer
Contact: info@pbfglobal.com

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable Canadian securities laws, including, without limitation, statements regarding the Company's search for a permanent Chief Financial Officer, the expected transition in the Company's finance function, and other future plans and objectives of the Company. Forward-looking information is based on management's current expectations, estimates, projections and assumptions, and is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this news release is made as of the date hereof, and the Company disclaims any obligation to update or revise such information, except as required by applicable law.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307573

FAQ

What management changes did Planet Based Foods (PBFFF) announce on July 31, 2026?

Planet Based Foods announced the resignation of CFO Supreet Bhullar and two directors, plus the CEO’s appointment as interim CFO. According to Planet Based Foods, these changes are effective July 31, 2026, while the company searches for a permanent Chief Financial Officer.

Who is the new interim CFO of Planet Based Foods (PBFFF) as of July 31, 2026?

As of July 31, 2026, CEO Kerem Akbas also serves as interim CFO of Planet Based Foods. According to Planet Based Foods, he will hold the interim role while the company conducts a search for a permanent Chief Financial Officer.

Which directors resigned from the Planet Based Foods (PBFFF) board on July 31, 2026?

Directors Beata Jirava and Olha Yushchenko resigned from the Planet Based Foods board effective July 31, 2026. According to Planet Based Foods, the board expressed appreciation for their service and contributions and wished them success in their future endeavours.

Why did the Planet Based Foods (PBFFF) CFO resign in July 2026?

Planet Based Foods disclosed that CFO Supreet Bhullar resigned effective July 31, 2026, but did not provide reasons. According to Planet Based Foods, the company thanked her for her contributions and is now conducting a search for a permanent replacement.

How might the CFO and board resignations affect Planet Based Foods (PBFFF) investors?

The company reported leadership and board departures but maintained that it remains focused on strategic priorities. According to Planet Based Foods, appointing the CEO as interim CFO is intended to support continuity while the search for a permanent Chief Financial Officer proceeds.

Does Planet Based Foods (PBFFF) currently have a permanent CFO after July 31, 2026?

No, Planet Based Foods does not yet have a permanent CFO after July 31, 2026. According to Planet Based Foods, CEO Kerem Akbas is serving as interim CFO while the company searches for a permanent Chief Financial Officer.