HF Foods appoints Felix Lin as COO
LAS VEGAS, April 20, 2022 (GLOBE NEWSWIRE) — HF Foods Group, Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants in the United States (“HF Foods” or the “Company”) , is pleased to announce the appointment of Mr. Xi Lin (aka Felix Lin) as the Company’s Chief Operating Officer, effective May 1, 2022. Mr. Lin will report directly to the Company’s CEO.
Mr. Lin has been an independent member of the company’s board of directors since November 2019, where he served as chairman of the audit committee and the special investigation committee. He will continue to sit on the board of directors until another independent director is appointed.
Mr. Lin had a very successful and diverse career before joining HF Foods. Most recently, Felix was Vice President and Chief Strategy Officer for Blue Bird Corporation (North America’s leading school bus manufacturer), overseeing human resources, corporate and operations training, government relations , compliance and strategy. While at Blue Bird Corporation, Mr. Lin also held leadership positions in manufacturing operations, supply chain, finance and accounting. Earlier in his career, Mr. Lin worked as a key member of the business development team in China and the Middle East for Blue Bird Corporation under Cerberus Capital Management, LLP.
Mr. Lin holds a bachelor’s degree in finance and accounting from Mercer University, a master’s degree in accounting from Georgia College and State University, and a master’s degree in business administration from the University of North Carolina at Chapel. Hill.
Mr. Peter Zhang, CEO of HF Foods, said, “With Felix joining the team, I look forward to further strengthening our capabilities through new initiatives that will increase our presence in existing markets and improve the overall efficiency of our operations. In addition, this change demonstrates an ongoing commitment to our professional transformation.
Mr. Russell Libby, Chairman of the Board of HF Foods, added: “Felix is a very valuable member of our Board of Directors. While we are sorry to lose his contributions and leadership on the board, we are delighted to have him join the HF Group management team. We will immediately begin the search for his successor on the board.
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 restaurant customers across the United States. With distribution centers strategically located throughout 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 12,500 established customers in over 40 states, and strong relationships with food producers and suppliers in the United States, South America, and China, HF Foods Group is able to offer high quality fresh produce, specialty food and restaurant supplies at economical prices to its large and growing customer base. 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, adverse macroeconomic conditions in the United States, competition in the foodservice distribution industry, particularly the entry of new competitors into the Chinese/Asian foodservice niche, increased fuel costs or commodity prices, disruptions in supplier relationships and product price increases, 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 maintain our senior management and other key personnel, our ability to attract, develop and retain employees, changes cations 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 o on health and safety, product recalls, voluntary recalls or withdrawals if any of the products we distribute are suspected of causing disease, being misbranded, mislabeled or adulterated or violating applicable government regulations, failing 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 any of the above and other factors disclosed under “Risk Factors” in our Annual Report on Form 10-K for the 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.
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