Business
HF Foods Appoints Valerie P. Chase to its Board of Directors
LAS VEGAS, Dec. 15, 2021 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific
About this update from Hf Foods Group Inc.
[{"type":"text","content":"LAS VEGAS, Dec. 15, 2021 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States (“HF Foods”, “HF Group” or the “Company”), has appointed Valerie P. Chase, an accounting and finance executive with over 15 years of public company and public accounting experience, to the Company’s board of directors effective December 13, 2021. As a result of Ms. Chase’s appointment, the Company’s board of directors will be expanded from four to five directors. The board will now include four independent directors and Mr. Xiao Mou Zhang (aka Peter Zhang), the CEO of the Company. Ms. Chase’s experience includes four years with Ernst & Young LLP, achieving senior auditor capacity, from September 2005 to November 2009. From February 2010 to May 2018, Ms. Chase served in roles of increasing responsibility with Apache Corporation, a Houston-based, publicly traded oil & gas exploration and production company, culminating in her role as the manager of accounting policy and financial controls. From May 2018 to September 2021, Ms. Chase served as the vice president, chief accounting officer and controller of Magnolia Oil & Gas Corporation, a Houston based, publicly traded oil & gas exploration and production company. Ms. Chase holds a Bachelor of Economics degree and a Master of Accounting degree from the University of Michigan in Ann Arbor. “I am very pleased that Valerie accepted our invitation to join the HF Foods board,” said HF Group Chairman Russell T. Libby. “Her wealth of experience in finance and accounting uniquely complements the strengths of the other members of our board of directors. We strongly believe that Valerie’s appointment will strengthen our overall corporate governance, and her expertise will be of great value to HF Group as we work to enhance our accounting procedures and grow the business both organically and via acquisitions.” Peter Zhang, CEO of HF Foods added: “By appointing a well-qualified accounting and finance executive to our board of directors, we’ve added another valuable resource who can help us scale more effectively while maintaining adherence to GAAP principles and regulatory frameworks. The entire team at HF Foods joins me personally in applauding Ms. Chase’s coming aboard.” About HF Foods Grou...