07:36 AM EDT, 08/20/2025 (MT Newswires) -- Goodfood Market ( GDDFF ) said Wednesday Jonathan Ferrari, its chief executive and board chair, will be stepping down from his executive roles, effective immediately.

Ferrari will continue to serve as a director. The company also launched an operating review.

Neil Cuggy, co-founder, president and chief operating officer, will lead the day-to-day operations and assist the board as it launches a formal operating review to enhance its long-term strategy. This review is aimed at securing a sustainable competitive edge, a statement said.

Selim Bassoul has been appointed board chair, effective immediately. Bassoul is currently executive chair of Six Flags Entertainment.