Rocky Mountain Chocolate Factory Appoints Carrie E. Cass as Chief Financial Officer

Rhea-AI Summary

Rocky Mountain Chocolate Factory (Nasdaq: RMCF) has appointed Carrie E. Cass as Chief Financial Officer, effective August 5, 2024. Cass brings extensive experience in financial management, manufacturing, and strategic leadership to RMCF. Her background includes roles as CEO at Ballantine Communications and CFO at Aeroscraft Jeff Geygan, Interim CEO of RMCF, highlighted Cass's expertise in manufacturing accounting and financial management as important for executing the company's updated three-year strategic plan. Cass, a certified public accountant, expressed enthusiasm about leading RMCF's finance organization and working towards sustainable growth and profitability.

Positive

• Appointment of experienced CFO with manufacturing and financial management expertise
• New CFO's background aligns with company's strategic goals
• Potential for improved financial performance and cost accounting

Negative

• None.

News Market Reaction

+5.03%

1 alert

+5.03% News Effect

On the day this news was published, RMCF gained 5.03%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DURANGO, Colo., July 23, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (Nasdaq: RMCF) (the “Company”, “we”, or “RMCF”), an international franchisor and producer of premium chocolates and other confectionery products, including gourmet caramel apples, has appointed Carrie E. Cass as Chief Financial Officer, effective August 5, 2024. Ms. Cass brings a wealth of experience in financial management, manufacturing and strategic leadership to RMCF, having served in various high-profile roles throughout her career.

Ms. Cass previously served as CEO at multimedia agency Ballantine Communications in Durango, CO, where she oversaw all aspects of the company’s long-term goals, growth and profitability. Prior to that, Ms. Cass served as CFO of Aeroscraft Corporation, where she was responsible for all accounting and administrative functions and was instrumental in leading the company's financial strategy. Additionally, Ms. Cass was a Partner at Johnston & Co., an accounting, tax and advisory firm.

“Carrie’s extensive background in manufacturing accounting, financial management and strategic leadership makes her a valuable addition to our executive team,” said Jeff Geygan, Interim CEO of RMCF. “Her proven track record in driving financial performance and her experience with cost accounting will be critical as we execute our updated three-year strategic plan.”

Ms. Cass earned her BS in Business Administration and Accounting from California State University, Northridge and is a certified public accountant.

Commenting on her appointment, Ms. Cass stated: “Rocky Mountain Chocolate Factory has exceptional brand equity given its loyal consumer following and strong customer base, and I am thrilled to lead its finance organization. I look forward to working closely with Jeff and the leadership team to execute our plans and return RMCF to sustainable growth and profitability.”

About Rocky Mountain Chocolate Factory, Inc.

Rocky Mountain Chocolate Factory, Inc. is an international franchiser of premium chocolate and confection stores, and a producer of an extensive line of premium chocolates and other confectionery products, including gourmet caramel apples. Rocky Mountain Chocolate Factory was named one of America’s Best on Newsweek's list of "America's Best Retailers 2023" in the chocolate and candy stores category. The Company is headquartered in Durango, Colorado. Its subsidiaries, franchisees and licensees currently operate over 260 Rocky Mountain Chocolate stores across the United States, with several international locations. The Company's common stock is listed on the Nasdaq Global Market under the symbol "RMCF."

Investor Contact

Sean Mansouri, CFA
Elevate IR
720-330-2829
RMCF@elevate-ir.com

FAQ

Who is the new CFO of Rocky Mountain Chocolate Factory (RMCF)?

Carrie E. Cass has been appointed as the new Chief Financial Officer of Rocky Mountain Chocolate Factory (RMCF), effective August 5, 2024.

What is Carrie E. Cass's background before joining RMCF?

Carrie E. Cass previously served as CEO at Ballantine Communications and CFO at Aeroscraft She was also a Partner at Johnston & Co., an accounting, tax, and advisory firm.

When will Carrie E. Cass start as CFO of Rocky Mountain Chocolate Factory (RMCF)?

Carrie E. Cass will start her role as Chief Financial Officer of Rocky Mountain Chocolate Factory (RMCF) on August 5, 2024.

How does Rocky Mountain Chocolate Factory (RMCF) expect to benefit from Carrie E. Cass's appointment?

RMCF expects to benefit from Carrie E. Cass's extensive background in manufacturing accounting, financial management, and strategic leadership, which aligns with the company's goal to execute its updated three-year strategic plan and return to sustainable growth and profitability.