Innovative Food Holdings Appoints Michael Fabrico as Chief Information Officer

BONITA SPRINGS, Fla., Dec. 21, 2017 (GLOBE NEWSWIRE) -- Innovative Food Holdings, Inc. (OTCQB:IVFH) announced today that Michael Fabrico has joined the Company as Chief Information Officer.

Mr. Fabrico brings a wealth of C-level IT related leadership and experience, with demonstrated results including an extensive background in data driven business intelligence, data analytics and monetization, e-commerce and digital transformation across several industries. Mike was the CIO at Haddon House Food Products from Jan 2015 and through their acquisition by United Natural Foods in 2016. Prior to that, from 2008-2013, he was the Executive Vice President and CIO of Euro-Pro (now SharkNinja), where he built and managed the IT and data infrastructure to support growth from $300 million to $1.3 billion. Mike was also previously the interim CIO of WearGuard-Crest, a subsidiary of Aramark Corporation and from Sept 2001 through November 2007 he was the VP of IT for Broder Bros. Co (now Alpha Broder), a Bain Capital portfolio company.

“Mike’s formidable background as a highly regarded senior executive at successful organizations, combined with his demonstrated track record of driving innovation, and leading digital transformation and getting results, provides a key addition to the Innovative Food Holdings team,” said Sam Klepfish, CEO of Innovative Food Holdings.

Mr. Fabrico commented, “The food industry, both foodservice and CPG related, are at the cusp of significant changes, driven by the growth and influence of digital transformation, digital strategy and ecommerce. I believe that Innovative Food Holdings’ core capabilities and strengths provide an ideal platform to capitalize on many of those changes. Furthermore, I believe that expanding the digital capabilities of the Innovative Food Holdings platform, led by a focus on companywide digital transformation combined with significant expansion of data driven business intelligence capabilities, offers compelling growth opportunities for Innovative Food Holdings within multiple food related markets."

Mr. Klepfish concluded, “We are excited that Mike is bringing his depth of expertise and leadership to Innovative Food Holdings and believe that his joining the Company optimally positions us to execute on a number of key digital related opportunities and initiatives. We look forward to working with him to execute on those opportunities, with the continued goal of growing value for all shareholders of Innovative Food Holdings.”

About Innovative Food Holdings

Innovative Food Holdings' (OTCQB:IVFH) industry-leading specialty food platforms in the foodservice and consumer markets provide chefs and consumers direct access to the highest quality specialty food products across the United States.

In the direct-to-chef foodservice market, Innovative Food Holdings' automated direct-to-chef platform offers efficient, cost effective, and transparent direct sourcing and distribution of over 7,000 specialty food products deliverable daily to thousands of chefs nationwide.

Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Innovative Food Holdings, Inc. (the “Company”) that are based on the current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as “should,” “could,” “anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” or “expect.” The Company does not intend to update these forward-looking statements. Information about third parties was supplied to the Company by third parties and we accept no responsibility for its accuracy.

Management Contact

Ronit Wallerstein

Investor Relations Analyst

(718) 645-1755


Source:Innovative Food Holdings