The meal-kit provider named its president and COO as chief executive following the resignation of Selim A. Bassoul effective August 3, 2026.
Goodfood (GDDFF) appointed Najib Maalouf as CEO after Selim A. Bassoul stepped down from the role and the board on August 3, 2026. Maalouf, who has served as president and COO since March 2026, has been credited with improving operational efficiency and refining the company’s business model.
Bassoul’s departure follows a period of leadership transition at the company. Goodfood has faced challenges in scaling its meal-kit delivery service amid competitive pressures and shifting consumer demand.
Shares fell 34.27% following the announcement, reflecting investor reaction to the leadership change and broader market conditions.