General Assembly or, GA Pizza, has announced leadership changes to its company, including the CEO’s departure and new, interim CEO.
Hormis Tharaken, CEO, will be leaving the company to pursue other opportunities, effective 16 September, 2022. Ali Khan Lalani, Founder and current CEO, has transitioned into the role of President of the Company, effective 15 September, 2022. He will apply his experience to the company’s day-to-day operations, taking on many of Mr Tharaken’s responsibilities. Mr Lalani will maintain his directorship on the Board of Directors.
Eric Balshin has been appointed as Interim CEO effective 15 September, 2022. The company has entered into an executive services agreement with Sophic Capital, which entails Sophic Capital to provide the services of Mr Balshin as interim CEO. Mr Balshin has extensive capital markets and consumer product goods experience. He also serves as the Vice President of Capital Markets Advisory at Sophic Capital.
“I have been working with GA Pizza’s team for almost a year and have been impressed with the progress the Company has made to expand distribution of their premium frozen pizzas across Canada,” explained Mr. Balshin. “The 500 retail locations across Canada selling our premium pizzas provide a solid foundation and opportunity for the next phase of our growth. With our recent $2 million strategic financing, Mr. Lalani spending more time applying his operational expertise to the Company, our move to a new facility that is expected to streamline our CPG operations and costs, a strong performing pizza restaurant that is now back to pre-pandemic levels, and the full support from our Board, there remains considerable upside potential at GA Pizza.”
“I’ve had the opportunity to work closely with Eric for almost a year; his background in capital markets, and his ability to drive financial results will help GA Pizza reach its next phase of growth. I look forward to working closely with Mr. Balshin to achieve improved results for our shareholders,” said Ali Khan Lalani, President of the Company.
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