DayDayCook Names Jeffrey Ervin as Co-Chief Financial Officer
25 Giugno 2024 - 3:00PM
DDC Enterprise, Ltd., (NYSEAM: DDC) (“DayDayCook,” “DDC,” or the
“Company”), a leading content-driven food consumer brand, today
announced that Jeffrey Ervin, has been named Co-Chief Financial
Officer, effective immediately. Mr. Ervin will initially be
focused on leveraging his background in U.S. capital markets to
oversee the financial controls, reporting requirements, and aid in
investor engagement for DayDayCook.
“Jeff’s background as a public company CEO, along with his
extensive experience in corporate finance, will be instrumental in
establishing DayDayCook in the U.S. financial markets” said Norma
Chu, DayDayCook’s founder and CEO. “With our recently announced
acquisitions, we are expecting significant growth in our U.S.
operations as we expand distribution and improve time-to-market for
our brands. Jeff’s experience in managing acquisition integration
and capital needs of a fast-growing company, as well as his
experience managing investor engagement, will be instrumental in
our journey to become an Asian food powerhouse.”
Mr. Ervin has more than 20 years of experience in senior
corporate and financial roles. Most recently he was the Chairman
and Chief Executive Officer of IMAC Holdings (Nasdaq: BACK), where
he successfully launched the company through its IPO and served as
the primary liaison for shareholders and the investment community.
Prior to this he was the VP of Finance for Medicare.com, a private
online healthcare marketing and technology firm. Earlier, Mr. Ervin
was VP of Finance for the Baptist Hospital System, where he sourced
and performed diligence on private equity investment opportunities.
He received his M.B.A from Vanderbilt University and his B.S. in
finance from Miami University.
“DayDayCook is an exciting organization and its brands represent
Norma’s magnetic personality and mission for the Company,” said
Jeffrey S. Ervin. “The Company is positioned for growth in a
fragmented Asian food category at a time when consumers
increasingly seek access to quality products that deliver nutrition
and value. I am grateful for the opportunity to join a
distinguished team at a pivotal time in the Company’s growth
strategy.”
The Compensation Committee of DDC’s Board of Directors granted
an option award covering 100,000 shares of DDC’s Class A Ordinary
Shares to Mr. Ervin subject to the terms of DDC’s 2023 Employee
Share Option Plan which vests over a four-year period, subject to
continued employment through each vesting date. The award was
granted as a material inducement to employment in accordance with
the NYSE Listed Company Manual Rule 303A.08.
About DayDayCook – A Leader in Food
Innovation
Founded in 2012, DayDayCook is a leading
content-driven consumer brand offering easy and convenient
ready-to-heat, ready-to-cook and ready-to-eat Asian food products.
The company focuses on innovative and healthy meal solutions with a
fast-growing omnichannel sales network in China and the U.S., and
through a strong online presence globally. The Company builds brand
recognition through culinary and lifestyle content across major
social media and e-commerce platforms.
Forward-Looking Statements
Certain statements in this announcement are
forward-looking statements, including, for example, statements
about completing the acquisition, anticipated revenues, growth and
expansion. These forward-looking statements involve known and
unknown risks and uncertainties and are based on the Company’s
current expectations and projections about future events that the
Company believes may affect its financial condition, results of
operations, business strategy and financial needs. These
forward-looking statements are also based on assumptions regarding
the Company’s present and future business strategies and the
environment in which the Company will operate in the future.
Investors can find many (but not all) of these statements by the
use of words such as “may,” “will,” “expect,” “anticipate,” “aim,”
“estimate,” “intend,” “plan,” “believe,” “likely to” or other
similar expressions. The Company undertakes no obligation to update
or revise publicly any forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct, and the Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and other filings with the SEC.
Contact:
Investors:
Head of Investor Relations Kyle
Gusékyle.guse@daydaycook.com
CORE IRMatt Blazeimattb@coreir.com
Media:DDC Enterprise Ltd.Chris Cheung
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