Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) has announced the retirement of Todd Dissinger, the Chief Financial Officer, effective December 31, 2024. Since his appointment in December 2017, Dissinger has played a significant role in the company's financial performance and shareholder value. The company will be conducting a thorough search for his successor with the assistance of an executive recruiting firm.
Under Dissinger's tenure, Natural Grocers has seen record financial performance and enhanced shareholder value, with a commitment to the company's founding principles. The company, founded in 1955, currently operates 168 stores in 21 states.
Natural Grocers is a specialty retailer of natural and organic groceries, body care products, and dietary supplements, with a strict adherence to quality guidelines. The company's product offerings exclude artificial colors, flavors, preservatives, sweeteners, and partially hydrogenated or hydrogenated oils. Additionally, Natural Grocers exclusively sells USDA certified organic produce, pasture-raised non-confinement dairy products, and free-range eggs. The company's smaller-store format allows it to offer affordable prices in a shopper-friendly, clean, and convenient retail environment. Furthermore, Natural Grocers provides free science-based nutrition education programs to its customers, aiming to help them make informed health and nutrition choices. Following these announcements, the company's shares moved -1.9%, and are now trading at a price of $21.16. For more information, read the company's full 8-K submission here.
