Sadot Group names new CEO to drive strategic growth

BURLESON, TX - Sadot Group Inc. (NASDAQ:SDOT), a key player in the global food supply chain, has appointed Mr. Chagay Ravid as its new Chief Executive Officer, effective immediately. The announcement was made on Wednesday, with Ravid set to oversee the company’s strategic initiatives, global operations, and business growth. The appointment comes at a crucial time for Sadot, which generated $726.6 million in revenue over the last twelve months but faces challenges with cash management, according to InvestingPro data.

Ravid, who previously led a prominent Israeli investment bank and was involved in transactions exceeding $10 billion, brings a rich background in capital markets, particularly in technology-driven sectors. His notable achievements include an investment in Mobileye, which saw a significant return when Intel acquired the firm for $15 billion in 2017. Additionally, Ravid played a pivotal role in guiding Seamless Group through its NASDAQ listing as CFO.

Stephen Spanos, a board member at Sadot Group, highlighted that Ravid’s dual expertise in technology and finance will introduce a fresh perspective to the company’s traditional commodity trades and food supply chain operations. Ravid himself expressed enthusiasm for his new role, aiming to integrate AI and tech opportunities related to commodities to foster growth within Sadot. According to InvestingPro analysis, which offers 19 additional insights about the company, Sadot currently trades below its Fair Value, presenting potential opportunities for investors interested in undervalued stocks.

With a bachelor’s degree from Hebrew University and a master’s degree from Rutgers University, Ravid’s academic background complements his extensive executive experience, including roles as CFO and CEO across various industries.

David Hanna, who was slated to become Interim CEO on June 2, will continue to lead Sadot Canada and support global trade operations.

Sadot Group, headquartered in Burleson, Texas, has rapidly expanded its global footprint with operations across multiple continents, focusing on agri-commodity origination and trading, as well as farming operations in Southern Africa. The company’s network spans from the Americas to Southeast Asia, China, and the Middle East/North Africa region, addressing global food security challenges with sustainable solutions. Despite its extensive operations, the company maintains a slim gross profit margin of 1.14% and currently trades at just 0.24 times book value. For comprehensive analysis of Sadot and 1,400+ other stocks, investors can access detailed Pro Research Reports through InvestingPro.

This leadership change is part of Sadot’s ongoing efforts to adapt and innovate within the dynamic global food market. The information in this article is based on a press release statement issued by Sadot Group Inc.

In other recent news, Sadot Group Inc. reported a notable financial turnaround for the first quarter of 2025. The company achieved a 24.1% increase in revenue compared to the same period last year, reaching $132.2 million. Net income rose to $900,000, reversing a $300,000 net loss from Q1 2024, and earnings per share improved to $0.18 from a loss of $0.06. Sadot Group has also expanded its restaurant division, selling 60 additional franchise agreements. The company completed 76 transactions across 17 countries, highlighting its international reach. Meanwhile, Sadot is focusing on high-margin specialty crops and global trading expansion. The company’s cash balance was reported at $1.9 million, with a working capital surplus of $21.9 million. In other developments, the company is in discussions with multiple parties interested in acquiring its POKEMOTO and MMG restaurant chains.

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