Business
Village Farms Announces Succession Plan for Chief Financial Officer
Stephen Ruffini will transition from CFO after 17 years of service to assume responsibility for M&A activities Mr. Ruffini will remain CFO until a permanent
About this update from Village Farms International, Inc.
[{"type":"text","content":"Stephen Ruffini will transition from CFO after 17 years of service to assume responsibility for M&A activities Mr. Ruffini will remain CFO until a permanent replacement is identified; Company will commence formal search process LAKE MARY, Fla. and VANCOUVER, British Columbia, April 03, 2026 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms” or the “Company”) (NASDAQ: VFF) today announced that it has begun a succession planning process for its Chief Financial Officer Stephen (“Steve”) Ruffini. Mr. Ruffini will remain as CFO of the Company until a permanent replacement has been identified. Mr. Ruffini will remain an employee of the Company, not only to help ensure a smooth transition of his prior responsibilities, but also because he is expected to be appointed to a new leadership position focused on potential mergers and acquisitions. The transition of Mr. Ruffini’s responsibilities reflects the Company’s commitment to growth, with a strategy focused on complementing continued organic growth investments with accretive acquisitive opportunities globally. President and Chief Executive Officer Michael DeGiglio commented, “We’re proud to celebrate Steve’s tremendous career as CFO of Village Farms, and thrilled to retain his talents to lead our efforts surrounding strategic M&A activities. As a highly-skilled and trusted advisor to our leadership team and Board, he’s the perfect candidate to lead this function during such an important time for the Company, and we’re excited to continue working together for the foreseeable future.” Mr. Ruffini commented, “After nearly two decades with Village Farms, I’m honored to be transitioning away from the CFO role with the Company in the strongest financial position of its history. The Company has a bright future, which I look forward to contributing to through my new role and responsibilities. It’s an exciting period of growth for the Company, and this new role is a great fit for my capabilities.” Initially hired as CFO of Village Farms in 2009, Steve’s 17-year tenure with the Company was instrumental in transforming what was previously an income trust into one of the world’s foremost leaders in cannabinoid-based consumer packaged goods. Under Steve’s leadership, the Company uplisted to the NASDAQ stock exchange, completed numerous debt and equity financings which enabled exp...