HF Foods appoints Carlos Rodriguez as Chief Financial Officer
Las Vegas, NV – July 14, 2022 – HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the United States (“HF Foods”, “HF Group” or the “Company “), is pleased to announce the appointment of Mr. Carlos A. Rodriguez as Chief Financial Officer, effective August 1, 2022 or earlier. Mr. Rodriguez will report directly to Mr. Peter Zhang, the Company’s Chief Executive Officer.
Mr. Rodriguez has over 25 years of finance and accounting experience in a variety of industries including technology, entertainment, food service and life sciences. Most recently, Mr. Rodriguez served as Chief Accounting Officer and Vice President of Corporate Finance for General Life Sciences, Inc., a $300 million high-growth company. In this role, he led accounting, finance, financial reporting, treasury/cash management, strategic and financial planning, M&A due diligence and other financial responsibilities. Prior to General Life Sciences, Mr. Rodriguez served as Vice President of Accounting and Corporate Finance for California Pizza Kitchen, Inc.
Mr. Rodriguez holds a bachelor’s degree in accounting and a master’s degree in business administration from the University of Southern California. He is also a Certified Public Accountant in the State of California.
Mr. Zhang said, “We are delighted to have Carlos join the HF team. His expertise in SEC financial reporting, finance and M&A due diligence will be critical to our next phase of growth as we continue to pursue market opportunities and invest in our internal capabilities as a public company in full growth.”
Ms. Valerie Chase, Chair of the Audit Committee, said: “We are delighted to welcome Carlos to the HF Foods Group. His in-depth knowledge of all aspects of corporate finance and his vast experience make him an excellent choice for this position. immediate impact while enabling the company to deliver long-term value to our shareholders.”
About HF Foods Group, Inc.
HF Foods Group Inc., headquartered in Las Vegas, Nevada, is a leading marketer and marketer of fresh, frozen and dry food and non-food items primarily to Asian/Chinese restaurants and other customers restaurants across the United States. With 17 distribution centers strategically located across the country, HF Foods aims to meet the growing demand for Asian American restaurant cuisine. With an internal order and inventory control network, more than 15,000 established customers in 46 states, and strong relationships with food producers and suppliers in the United States, South America, and China, HF Foods Group is able to offer fresh and superior quality products. -Quality specialty restaurant food and supplies at economical prices for its large and growing clientele. For more information, visit www.hffoodsgroup.com.
All statements in this press release other than statements of historical fact are forward-looking statements that contain our current expectations regarding our future results. We have attempted to identify any forward-looking statements by using words such as “anticipates”, “believes”, “could”, “expects”, “intends”, “may”, “should” and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we cannot guarantee that these expectations will prove to be correct. These statements are not guarantees of future performance or events and are subject to known and unknown risks and uncertainties that could cause the actual results, events or financial positions of the Company to differ materially from those included or understated. referred to in these forward-looking statements. These factors include, but are not limited to, the risks that the Company may not regain compliance with the Nasdaq Continuing Listing Requirements within the applicable grace period, the result of the comment letter received from the Securities & Exchange Commission, unfavorable macroeconomic conditions in the United States, competition in the foodservice distribution industry, particularly the entry of new competitors into the Chinese/Asian foodservice niche, rising fuel costs or raw material prices, disruption of supplier relationships and increased product prices, U.S. government tariffs on products
imported into the United States, particularly from China, changes in consumer eating and dining habits, disruption of relationships with or loss of customers, our ability to execute our acquisition strategy, the availability of financing to execute our acquisition strategy, the inability to retain our senior management and other key personnel, our ability to attract, train and retain employees, changes and enforcement of immigration laws, failure to comply with various federal, state, and local rules and regulations regarding food safety, sanitation, transportation, minimum wage, overtime, and other health and safety laws, product recalls, voluntary recalls, or withdrawals if any of the products we distribute are alleged to have caused disease, to have been mislabelled, mislabeled or adulterated or to have otherwise violated the applicable government regulations, a failure to protect our intellectual property rights, any cybersecurity incident, other technological disruption or delay in the implementation of our information technology systems, statements of assumptions underlying the any of the foregoing and other factors disclosed under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 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 assume no obligation to disclose any revisions to these forward-looking statements.