Goodfood Market Corp. (“Goodfood” or “the Company”) (TSX: FOOD), a
leading online grocery company in Canada, announced today that
Bipasha Chiu will be joining its management team as Chief
Technology Officer, effective September 27, 2021. Bipasha Chiu is
an experienced technology transformation and delivery executive
focused in retail and digital commerce that will help continue
building Goodfood’s technology platform.
“We are thrilled to welcome Bipasha Chiu as
Goodfood’s Chief Technology Officer. She brings with her great
experience in building and delivering ambitious technology roadmaps
through her roles at the Liquor Control Board of Ontario (LCBO),
Apotex, Canadian Tire and Capgemini,” said Jonathan Ferrari, Chief
Executive Officer of Goodfood. “Bipasha’s achievements and
experience in digitizing platforms are an ideal fit with our growth
strategy and the competitive advantage we are building in our tech
infrastructure. Her addition to the management team will be key to
achieving Goodfood’s vision of being in every Canadian kitchen
every day through a seamless online shopping experience,” concluded
Mr. Ferrari.
Most recently, Bipasha was the Vice President of
Business Technology Solutions at the LCBO where she partnered with
business leaders to develop the IT roadmap and deliver the
tech-enabled solutions that aligned to the LCBO strategy. Bipasha
led her team to successfully implement significant technology
changes in the supply chain and retail stores as well as being
involved in expanding the LCBO’s e-commerce solutions, Grocery and
LCBO convenience Outlets, including SameDay Pickup. Previously,
Bipasha was a Global Director at Apotex where she successfully led
a global team to deliver several transformation initiatives
including the implementation of Salesforce, SuccessFactors and SAP
as well as numerous research and development initiatives. Prior to
that, as a Vice President at Canadian Tire, Bipasha was responsible
for Merchandising, Supply Chain and Finance transformation
initiatives and developing their Digital Strategy. Bipasha also
spent thirteen years at Capgemini and predecessor Ernst & Young
Consulting. She is a graduate of the University of Waterloo where
she received with Honors a degree in Mathematics, Operations
Research and Computer Science.
“Goodfood represents a unique and innovative
opportunity to collaborate with a dynamic team and digitize the
Canadian grocery industry. I look forward to the exciting journey
of building the technology that meets the grocery needs of
Canadians and supports our growing product selection and
distributed manufacturing, distribution and fulfilment network,”
said Bipasha Chiu. ABOUT GOODFOOD
Goodfood (TSX:FOOD) is a leading online grocery
company in Canada, delivering fresh meal solutions and grocery
items that make it easy for customers from across Canada to enjoy
delicious meals at home every day. Goodfood’s vision is to be in
every kitchen every day by enabling users to complete their grocery
shopping and meal planning in minutes. Goodfood clients have access
to a unique selection of online products as well as exclusive
pricing made possible by its world class direct-to-consumer
infrastructure and technology that eliminate food waste and costly
retail overhead. The Company’s main production facility and
administrative offices are based in Montreal, Québec, with
additional production facilities located in the provinces of
Quebec, Ontario, Alberta, and British Columbia.
For further information:
Investors and Media |
|
|
Jonathan RoiterChief Financial
Officer(855) 515-5191IR@makegoodfood.ca |
Roslane Aouameur
Senior Director, FP&A and Investor Relations(855)
515-5191IR@makegoodfood.ca |
FORWARD-LOOKING INFORMATION
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Such forward-looking information includes, but is not
limited to, information with respect to our objectives and the
strategies to achieve these objectives, as well as information with
respect to our beliefs, plans, expectations, anticipations,
estimates and intentions. This forward-looking information is
identified by the use of terms and phrases such as "may", "would",
"should", "could", "expect", "intend", "estimate", "anticipate",
"plan", "foresee", "believe", and "continue", as well as the
negative of these terms and similar terminology, including
references to assumptions, although not all forward-looking
information contains these terms and phrases. Forward-looking
information is provided for the purposes of assisting the reader in
understanding the Company and its business, operations, prospects
and risks at a point in time in the context of historical and
possible future developments and therefore the reader is cautioned
that such information may not be appropriate for other
purposes.
Forward-looking information is based on a number
of assumptions and is subject to a number of risks and
uncertainties, many of which are beyond our control, which could
cause actual results to differ materially from those that are
disclosed in, or implied by, such forward-looking information.
These risks and uncertainties include, but are not limited to, the
following risk factors which are discussed in greater detail under
"Risk Factors" in the Company’s Annual Information Form for the
year ended August 31, 2020 available on SEDAR: limited operating
history, negative operating cash flow, food industry , COVID-19
pandemic as well as the impact of the vaccine rollout, quality
control and health concerns, regulatory compliance, regulation of
the industry, public safety issues, product recalls, damage to
Goodfood’s reputation, transportation disruptions, storage and
delivery of perishable foods, product liability, unionization
activities, consolidation trends, ownership and protection of
intellectual property, evolving industry, reliance on management,
factors which may prevent realization of growth targets,
competition, availability and quality of raw materials,
environmental and employee health and safety regulations, online
security breaches and disruption, reliance on data centers, open
source license compliance, future capital requirements, operating
risk and insurance coverage, management of growth, limited number
of products , conflicts of interest , litigation, catastrophic
events, risks associated with payments from customers and third
parties, being accused of infringing intellectual property rights
of others and, climate change and environmental risks. Although the
forward-looking information contained herein is based upon what we
believe are reasonable assumptions, readers are cautioned against
placing undue reliance on this information since actual results may
vary from the forward-looking information. Certain assumptions were
made in preparing the forward-looking information concerning the
availability of capital resources, business performance, market
conditions, and customer demand. In addition, information and
expectations set forth herein are subject to and could change
materially in relation to developments regarding the duration and
severity of the COVID-19 pandemic as well as the impact of the
vaccine rollout and its impact on product demand, labour mobility,
supply chain continuity and other elements beyond our control.
Consequently, all of the forward-looking information contained
herein is qualified by the foregoing cautionary statements, and
there can be no guarantee that the results or developments that we
anticipate will be realized or, even if substantially realized,
that they will have the expected consequences or effects on our
business, financial condition or results of operation. Unless
otherwise noted or the context otherwise indicates, the
forward-looking information contained herein is provided as of the
date hereof, and we do not undertake to update or amend such
forward-looking information whether as a result of new information,
future events or otherwise, except as may be required by applicable
law.
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