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Goodfood Appoints Selim Bassoul as New CEO

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MONTREAL, QC - February 13, 2026 - Goodfood Market Corp. (TSX: FOOD) today marked a pivotal moment in its corporate trajectory with the announcement of Selim Bassoul as its new Chief Executive Officer, effective immediately. This leadership change, coupled with a significant refresh of the Board of Directors, signals a strategic shift for the meal kit and online grocery provider, aiming to accelerate growth and solidify its position in a competitive market.

Bassoul takes the helm from Alana Chartrand, who is stepping down after a period of leadership. While Goodfood expressed gratitude for Chartrand's contributions, the move clearly indicates a desire for a leader with a specific skillset geared towards rapid scaling and expansion - a skillset Bassoul demonstrably possesses.

The decision to appoint Bassoul isn't arbitrary. His proven track record at Baskin-Robbins Canada, where he successfully expanded the brand's footprint and boosted profitability, positions him as an ideal candidate to navigate Goodfood through what appears to be an ambitious new phase. In a market saturated with meal kit options and increasingly sophisticated online grocery delivery services, Goodfood requires a leader who can not only maintain existing market share but also aggressively pursue new opportunities.

"We are delighted to welcome Selim to Goodfood," stated Michael Wenaas, Chair of the Board, in the official press release. "His experience in growing consumer brands, particularly in the food space, makes him the ideal candidate to lead Goodfood through its next phase of growth. We believe Selim's vision and leadership will be instrumental in driving innovation, expanding our customer base, and enhancing shareholder value."

Bassoul himself echoed this sentiment, expressing his excitement to join the Goodfood team. "I am incredibly excited to join the Goodfood team and contribute to the company's continued success. Goodfood's commitment to providing fresh, convenient, and delicious meal solutions resonates strongly with consumers, and I look forward to working with the team to unlock its full potential."

However, the changes extend beyond the CEO position. The appointment of three new members to the Board of Directors - Javier Rodriguez, Priya Sharma, and David Lee - reveals a deliberate attempt to bolster the company's expertise in key areas crucial for future success.

Javier Rodriguez, with his deep experience in supply chain management, arrives at a critical time. Supply chain disruptions have plagued industries globally in recent years, and a robust, resilient supply chain is paramount for a company like Goodfood, which relies on the timely delivery of fresh ingredients. Rodriguez's expertise will likely focus on optimizing Goodfood's logistics, reducing costs, and ensuring consistent product availability.

Priya Sharma, a specialist in digital marketing and e-commerce, brings a vital skillset in a landscape dominated by online competition. Attracting and retaining customers in the digital realm requires sophisticated marketing strategies, data-driven insights, and a seamless online experience. Sharma's role will likely involve refining Goodfood's digital marketing efforts, enhancing its e-commerce platform, and leveraging data analytics to personalize customer experiences.

David Lee, a finance professional with expertise in capital markets, adds a crucial layer of financial acumen to the Board. Access to capital is essential for funding growth initiatives, and Lee's experience will be invaluable in navigating financial complexities, securing investment, and maximizing shareholder returns.

This strategic overhaul suggests Goodfood is preparing for a more aggressive expansion strategy. While the meal kit market has matured, there's still significant opportunity for growth, particularly in areas like personalized meal plans, dietary customization, and integration with other food-related services. The company may also explore expansion into new geographic markets or diversification of its product offerings.

Analysts will be closely watching how Bassoul and the revamped Board translate their collective experience into tangible results. Key metrics to monitor include subscriber growth, customer retention rates, average order value, and profitability. The coming quarters will be crucial in determining whether this leadership and board refresh successfully positions Goodfood for long-term success in the increasingly competitive food technology landscape.


Read the Full Toronto Star Article at:
[ https://www.thestar.com/globenewswire/goodfood-market-corp-appoints-selim-bassoul-as-chief-executive-officer-and-announces-board-update/article_b7b5f734-02d1-55b5-ad3f-fd28bf698e41.html ]