Natural Grocers names CFO

Richard Hallé has been appointed chief financial officer for Natural Grocers by Vitamin Cottage Inc., effective Jan. 1, 2025.

The company said Hallé has served as a member of Natural Grocers' board of directors and audit committee since 2012 and will succeed Todd Dissinger, who will retire on Dec. 31, as previously announced.

"Rich's deep, strategic knowledge of our company from his many years of service on the board and strong background as a seasoned finance executive make him the ideal fit as we continue to execute to our founding principles," Natural Grocers' Chairman and co-President Kemper Isely said in a news release. "He has a strong track record of value creation and brings significant experience in corporate finance, accounting, business operations and financial reporting to our company. We are grateful for Todd's significant contributions to Natural Grocers during his tenure and appreciate his continued service through the end of 2024 to ensure a successful transition. We wish him the best in retirement."

"I am grateful to Kemper and our board for this opportunity," Hallé said. "It has been a privilege to serve on Natural Grocers' board, and I am excited to contribute in this new role as we work together to provide the communities we serve access to affordable, high-quality natural and organic products while creating value for our stockholders."

Hallé previously served as a managing director of Alvarez and Marsal Private Equity Performance Improvement Group from March 2023 to October this year, the release said. From 2011 until 2021, Hallé served as the CFO for Vivial Inc., overseeing finance, including accounting, treasury, tax, planning, forecasting, budgeting and financial reporting. Previously, Hallé served as the CFO and secretary for DTN Holding Co. Inc. from 2003 to 2008, and as a managing director for FTI Consulting Inc. from 2002 to 2003, where he developed business and finance strategies.

Hallé will oversee Natural Grocers' finance, accounting, treasury, financial planning and analysis, investor relations, project management office, internal audit, accounts payable, tax and payroll and benefits, according to the release. He will commence his interim employment with Natural Grocers on Nov. 4, in advance of his appointment, to facilitate an orderly transition in the chief financial officer role, the company said.

Hallé has resigned from Natural Grocers' board of directors, audit committee and compensation committee.