Freshpet Announces CEO Retirement and Succession Plan

March 15, 2016

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.”

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