Active Health Foods Inc (OTCMKTS:AHFD) appointed John Griffin as the company’s new CEO. The decision has been taken to support the major changes that the management intends to make in the near future. E. Robert Gates, the former CEO will continue to serve as an active advisor to the company
The details
Griffin, the new CEO is by no means new to Active Health, its products or the proposed merger that will help the company expand in the near term. The proposed deal will act as a strong base to expand its product within and beyond the health foods industry. Griffin has served as a consultant with Active Health, looking after the proposed merger deal and new corporate direction.
The expert view
The former CEO said that he has enjoyed working with Griffin in the past seven months, and is impressed with his role in the proposed merger deal. Griffin has the business and operational experience that will play a significant role in the next phase of Active Health. His energy and focus on the company’s operations will serve as an asset for the company. In addition to the operational and management experience, he has experience in various other activities including distribution, manufacturing and sourcing that will fare well for the existing and future product line.
The view
On the proposed merger, Griffin said that the management is thrilled with the proposed merger deal. It will boost the brand and profitability of Active Health. The company under the proposed deal has several revenue-generating operations that will immediately be accretive to Active Health. The merger is expected to complete within sixty days. The company will report specific details only after the process is fully executed.
In last trading session, the stock price of Active Health declined more than 28% to close the trading session at $0.00050.
