- Nabati Foods (MEAL) has announced that its founder Ahmad Yehya will step down from his role as CEO
- Mr. Yehya will be succeeded by Michael Aucoin, who will step in as interim CEO, effective immediately
- He will continue to be involved in the day-to-day operations of Nabati Foods in his new role as COO
- Nabati Foods Global is an emerging plant-based food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives
- Shares in Nabati Foods Global (MEAL) are down 1.96 per cent, trading at $0.50 per share
Nabati Foods (MEAL) has announced that its founder Ahmad Yehya will step down from his role as CEO.
Mr. Yehya will be succeeded by Michael Aucoin, who will step in as interim CEO, effective immediately. He will continue to be involved in the day-to-day operations of Nabati Foods in his new role as COO.
Michael Aucoin is an experienced consumer packaged goods executive that has been working alongside Nabati Foods as CEO of Eat Beyond Global Holdings. With over 25 years of experience in the consumer packaged goods (CPG) industry, Mr. Aucoin has held general management roles as well as sales and marketing and corporate development roles.
Before joining Eat Beyond in July 2021, Mr. Aucoin held leadership roles at Agropur Cooperative, Advantage Solutions, and Hershey Canada.
“I look forward to building on the tremendous success that Mr. Yehya and the Nabati Foods team have achieved in such a remarkably short time,” said Mr. Aucoin.
“Mr. Yehya and the founders built the company on a strong foundation of passion, values, hard work, and a commitment to excellence,” he added, “and I’m ready to build upon that momentum while leveraging my significant experience in the food and CPG sectors.”
Nabati Foods products are sold globally across three continents. All of its products are kosher, vegan, egg-free, dairy-free, gluten-free, and non-GMO.
“Building Nabati Foods has been an incredible journey thus far, and I am extremely proud of the work that we have done to date,” said Mr. Yehya. “I look forward to the growth that Mr. Aucoin’s expertise can help us to achieve as we move into this next phase.”
Nabati Foods Global is an emerging plant-based food technology company that designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives.
Shares in Nabati Foods Global (MEAL) are down 1.96 per cent, trading at $0.50 per share as of 3:58 pm EST.
