Food service company names Walmart e-commerce exec CFO

Innovative Food Holdings, a publicly traded company that caters to professional and home chefs, named Gary Schubert CFO.

Schubert took over the CFO position for the Bonita Springs business Jan. 1. The company’s previous CFO, Richard Tang, will stay on with the company to help with the transition through the end of January, according to a statement. 

Schubert spent 15 years at Walmart and was most recently senior director of finance and transformation strategy for the retail giant, according to the release. In that role, he was responsible for generating long-term sustainable growth for Walmart’s $75 billion ecommerce business. Prior to that post, Schubert was the financial lead for Walmart’s Neighborhood Market business, the No. 6 largest grocery chain in the U.S., with over $20 billion in annual sales across 700 locations. Before Walmart Schubert had roles in financial planning and analysis, corporate treasury and investor relations for chicken processing company Tyson. 

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“We are excited to welcome Gary to IVFH, Innovative Food Holdings CEO Bill Bennett says in the release. “His extensive experience developing and implementing profitable strategies at complex, multibillion-dollar companies, including Walmart and Tyson Foods, will deepen our financial acumen, governance and management processes as we navigate the next chapter of our strategic plan.“

“As Gary and I have worked together in several capacities over the last decade, we have repeatedly focused on providing organizations with strategic structure and strong execution,” Bennett adds. “I’m thrilled to welcome Gary to IVFH as we pursue the incredible opportunities that lie ahead of the Company.”

Innovative Food Holdings posted $80.1 million in revenue in 2022. Its shares are traded over the counter (symbol: IVFH). The company says it "provides access to foods that are hard to find, have a compelling story or are on the forefront of food trends. Our gourmet foods marketplace connects the world’s best artisan food makers with top professional chefs and passionate home gourmets."