Real Good Food appoints new CFO

The Real Good Food Company, Inc. (NASDAQ:RGF), a player in the food manufacturing sector, has announced the appointment of Niki Gwaltney Rutter as its new Chief Financial Officer (CFO), effective February 10, 2025. This leadership change comes in the wake of the company’s recent delisting notice from Nasdaq.

Ms. Rutter, 47, brings over two decades of experience in finance within the food and packaged goods industries. Her most recent role was as Vice President of Accounting at Mountaire Farms, where she served from September 2020 until January 2025. Prior to Mountaire Farms, she was Vice President of Finance at Purdue from October 2016 through September 2020 and has held various finance and accounting roles at Smithfield Farmland (NYSE:FPI) from November 2003 through September 2016.

According to the terms of her employment agreement, Ms. Rutter will receive an annual base salary of $450,000 and is eligible for a performance bonus of up to 100% of her annual salary, contingent upon meeting certain performance targets. Additionally, she will be awarded a sign-on bonus of $100,000, payable in equal installments over 12 months from her start date. The company noted that the terms of her employment are consistent with those offered to other full-time employees.

The company’s filing did not disclose any related party transactions involving Ms. Rutter, nor did it indicate any familial relationships between her and any current directors or executive officers of the company.

This executive move follows a challenging period for the Real Good Food Company, which faced delisting from the Nasdaq Global Market. Trading of the company’s common stock was suspended on January 6, 2025, after the Nasdaq Hearings Panel determined to delist the company’s stock.

Investors may view the appointment of Ms. Rutter as a strategic step in strengthening the company’s leadership, particularly in the areas of finance and strategy, as it navigates through its current challenges. The information provided is based on a press release statement from the company.

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