Natural Grocers CFO Todd Dissinger plans to retire at the end of 2024, the specialty grocer announced Thursday.
The company said it plans to work with an executive recruiting firm to identify a replacement for Dissinger, who intends to remain in his position until the retailer appoints his successor.
Dissinger became Natural Grocers’ finance chief in January 2018 after serving as vice president and treasurer of Vitamin Cottage Natural Food Markets, Inc., Natural Grocers’ operating subsidiary. Before joining the grocery chain, he was senior vice president – treasurer of risk management and credit for department store chain Bon-Ton Stores.
In a statement, Kemper Isely, chairman and co-president of Natural Grocers, credited Dissinger with “helping Natural Grocers to execute on its founding principles while achieving record financial performance and enhancing shareholder value."
Natural Grocers’ stock price has more than quadrupled since Dissinger took over as CFO, ascending from under $5 per share early in his tenure to close at $21.20 on Friday.
The retailer, which runs about 170 stores, recorded net sales of $308 million during the second fiscal quarter of 2024, up nearly 9% compared with the same period last year. Daily average comparable store sales rose 7.5% year over year, while quarterly net income was up by more than a third, to $8 million.
