Vital Farms (VITL) announced an orderly transition of its board leadership. Matt O’Hayer, who founded the company in 2007 and has served as executive chairperson since 2019, has stepped down from his role as executive chairperson and as a member of the company’s board of directors, effective February 24. The board of directors has appointed Russell Diez-Canseco, the company’s president and CEO, to the additional role of executive chairperson of the board. O’Hayer will continue to serve the company in a non-employee advisory role.
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