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Management

Goodfood appoints Bassoul as CEO

By The Northwire Desk — AI Analysis Feb 13, 2026 · 16:24 FOOD · 0.265 Goodfood Market Corp
FOOD · Price

Executive Summary

  • Goodfood Market Corp. appointed Selim Bassoul as its new Chief Executive Officer, effective immediately; he will also remain Chairman of the Board.
  • The appointment is accompanied by a board update: director John Khabbaz resigned on February 13, 2026 to focus on his investment activities.
  • Management indicated that the leadership change is aimed at strengthening financial balance‑sheet health, operational performance, and long‑term profitability.

Key Details

  • CEO Appointment: Selim Bassoul named CEO; will continue as Board Chairman, providing continuity of strategic oversight.
  • Board Change: Director John Khabbaz stepped down from the board effective Feb 13, 2026; remains a supportive shareholder.
  • Strategic Rationale (CEO Quote): Focus on reinforcing balance‑sheet strength, disciplined capital allocation, rigorous cost management, and delivering consistent value to customers and shareholders.
  • Governance Outlook: Board intends to further strengthen its composition to align with the company’s strategic and financial priorities.

Notable Quotes

“As I step into the role of chief executive officer, Goodfood is entering its next phase with a clear mandate: reinforce financial and balance sheet strength, enhance operational performance and position the business for sustainable profitability.” – Selim Bassoul, CEO & Chairman
“I would like to thank John for his contributions to Goodfood during an important stage of the company's evolution. We appreciate his dedication and support.” – Selim Bassoul, CEO & Chairman

Read the original news release →

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