Village Farms International Appoints William Stoufer as President, Balanced Health Botanicals

VANCOUVER, British Columbia and ORLANDO, Fla., April 10, 2024 (GLOBE NEWSWIRE) -- Village Farms International, Inc. (“Village Farms”) (NASDAQ: VFF) today announced the appointment of William Stoufer as President of Balanced Health Botanicals (“BHB”), effective immediately. Mr. Stoufer will report directly to Michael DeGiglio, President and Chief Executive Officer of Village Farms.

“Bill has been a key member of BHB senior leadership, responsible for establishing strong business processes with a focus on customer excellence, which contributed positive adjusted EBITDA and cash flow to Village Farms since acquisition.” said Michael DeGiglio, President and Chief Executive Officer, Village Farms. “He is a strategic, execution-focused, results-driven leader and I look forward to his ongoing contribution as we continue to strengthen BHB’s position for the significant opportunity in the United States as the regulatory landscape evolves.”

Mr. Stoufer joined BHB as Chief Operating Officer in 2019, bringing with him nearly 30 years of experience in consumer-packaged goods industries, primarily in food. His prior experience includes serving as Chief Operating Officer of Ardent Mills and, during his 20-year tenure at ConAgra Brands, increasingly senior executive roles in sales, logistics and operations culminating in the role of President, ConAgra Mills.

The Company also announced that Chase Terwilliger has stepped down as Chief Executive Officer of BHB to pursue an opportunity outside of the CBD/cannabis industry.

“I would like to thank Chase for his contribution in helping establish BHB as one of the leading companies in the US CBD market,” said Michael DeGiglio. “We wish him well in his future endeavours.”

About Village Farms International

Village Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods opportunities, with a strong foundation as a leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and new high-growth opportunities in the cannabis and CBD categories in North America, the Netherlands and selected markets internationally.