Grocery Outlet Announces CFO’s Decision to Resign

On Monday, Grocery Outlet Holding Corp. (GO) announced that Charles Bracher, the Chief Financial Officer, will step down on March 1, citing a decision “to pursue another opportunity,” although specifics on this new venture were not disclosed by the company.

Bracher will collaborate with Lindsay Gray, the Principal Accounting Officer, during the transition period. The off-price grocer confirmed that the search for a successor to Bracher will commence soon. In the absence of a new CFO by March 1, Grocery Outlet plans to designate Gray as the interim CFO until a permanent replacement is secured.

Despite the CFO change, Grocery Outlet affirmed its projections for fiscal 2023, maintaining an anticipated yearly revenue of approximately $3.95 billion. The company also indicated that it is set to disclose its fourth-quarter and fiscal 2023 earnings on Feb. 27.

Have you read?
Ranked: Here’s who buys the most weapons from the United States.
Ranking: Richest Golfers in the World, 2023.
These Largest Cities Will Face Extreme Climate Change Threats.
These All-American Football Movies Inspired CEOs and Management Consultants The Most.
These Are Most Disliked Companies in America, 2023.
Report: Countries That Attract the Most International Migrants.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.

Email Address*

Name