Freshpet Inc. Announces Retirement of CEO Thompson
Freshpet Inc. announced that its CEO and director, Richard Thompson, will retire July 1. During the transition period, he will continue as CEO and will remain a consultant to the company through Nov. 7, 2017.
In addition, the board of directors has appointed current COO and co-founder, Scott Morris, to the additional position of president, and Walt George, an independent director of Freshpet, will take a direct role in managing the transition process.
Thompson has been a member of Freshpet’s board of directors since 2010 and assumed the role of CEO in January 2011.
In addition to being an independent director on Freshpet’s board, George is the president of G3 Consulting LLC, a boutique advisory firm specializing in value creation in small and mid-market consumer products companies. George served as president of the American Italian Pasta Co. from 2008 to 2010 and corporate vice president of Ralcorp Holdings from 2010 until its sale to ConAgra Foods in 2013. From 2001 to 2008, he served in other executive operating roles. From 1988 through 2001, he held numerous senior operating positions with Hill’s Pet Nutrition, a subsidiary of Colgate Palmolive Co., the last of which was vice president of supply chain. George began his professional career with Frito-Lay Inc. He serves on the board of directors of Vision Bank and Old World Spice and Seasoning Co.