Freshpet, Inc. announced that Richard Thompson plans to retire as chief executive officer and director, effective July 1, 2016.
Freshpet’s board of directors plans to retain a leading executive recruiting firm to assist in identifying and evaluating candidates for the position of CEO, and if a candidate is appointed in advance of July 1, Thompson will continue with the company in a non-executive position until July. During the period of transition, Thompson will continue as CEO and he will remain a consultant to the company through November 7, 2017.
The board of directors has also appointed current chief operating officer and co-founder, Scott Morris, to the additional position of president, where he will continue to be involved in all aspects of company development and day-to-day operations. Walt George, an independent director of Freshpet, will take a direct role in managing the transition process.
Thompson has been a member of Freshpet’s board of directors since 2010 and assumed the role of CEO in January 2011.
“Freshpet has a tremendous team in place and it’s been a wonderful experience leading such a dedicated group,” Thompson said. “I am proud of our accomplishments and will leave with tremendous confidence in their abilities and in Freshpet’s future growth.”