Heritage Grocers Group has appointed Matthew Holt as CFO.
Reporting to Chairman and CEO Suzy Monford, Holt will oversee the financial and accounting initiatives for all Heritage banner companies which include Cardenas Markets, Tony’s Fresh Market and El Rancho Supermercado.
Holt succeeds Darren Karst, who assumed the role of CFO in April 2023 and retired on Feb. 14.
“I’d like to thank Darren for being an integral part of building HGG and supporting its growth over the past two years. He leaves the team and the company with a solid foundation for continued growth,” Monford said.
“Matt brings extensive financial experience and leadership, a deep understanding of, and passion for, our business and a proven track record of leading key financial functions across our portfolios to his new role. With Matt at the helm of Heritage’s finance team, I am confident that we remain poised for continued success.”
Holt recently held the position of chief accounting officer for Heritage Grocers Group. In this position, he was responsible for all accounting functions, ensuring the accuracy of financial reporting and accounting, in addition to compliance with financial regulatory requirements, including those governed by the Securities and Exchange Commission.
Before joining the Cardenas Markets banner in 2019, Holt served as a finance executive with more than 20 years of experience at Kroger corporate and division offices, including numerous roles in finance, operations, and CFO and controller for two supermarket divisions.
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About Heritage Grocers Group
Heritage Grocers Group is the largest Hispanic and ethnic food retailer in the country, offering an assortment of traditional and specialty grocery items to the communities it serves.
Headquartered in Ontario, California, Heritage Grocers Group operates in six states: California, Texas, Nevada, Arizona, Kansas and Illinois, with 58 stores under the Cardenas Markets banner, 29 stores under the El Rancho Supermercado banner, 21 stores under the Tony’s Fresh Market banner and seven stores under the Los Altos Ranch Market banner.