HF Foods Welcomes Industry Veteran, Russell Libby, to its Board of Directors

CITY OF INDUSTRY, Calif., July 02, 2020 (GLOBE NEWSWIRE) -- HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States (the “Company”), welcomes Russell Libby, a food distribution industry veteran and service-oriented c-suite executive, to the Company’s board of directors effective July 1, 2020.

Pursuant to our previous 8K filing and announcement dated March 23, 2020, Libby has replaced the outgoing director, Zhehui Ni, who resigned effective June 30, 2020 due to personal and professional obligations. As a result of the change, the Company’s board of directors remained composed of five directors, including three independent directors and two inside directors.

Russell Libby has nearly 30 years of comprehensive global experience in mergers and acquisitions, strategy, business development, international business, corporate governance, and corporate social responsibility. From 2007 to 2019, he held numerous leadership positions at Sysco Corp. and most recently served as the company’s executive vice president and corporate secretary.

Prior to his career with Sysco, Libby served as president of COFRA North America and vice president - legal, for Good Energies, Inc., an investment advisor to private equity and venture capital funds. During his career, he has also worked as general counsel, vice president-human resources and secretary at Liuski International, Inc., a computer distribution and manufacturing company, and as a corporate associate with Arnall Golden Gregory, LLP, a full-service law firm in Atlanta.

Libby holds a Bachelor of Arts in international relations from the University of Virginia in Charlottesville and a J.D. degree from Emory University School of Law in Atlanta.

“On behalf of the Company and the board of directors, I’d like to personally welcome Mr. Libby aboard HF Foods Group,” said Peter Zhang, co-CEO of HF Foods. “The knowledge and skills he has developed from his many years in food distribution management and operations, as well as in financial markets, will be of great value to our organization as we work to grow the business and generate value for the betterment of our customers, employees, and shareholders.”

Mr. Libby commented: “I look forward to leveraging my expertise to help HF Foods navigate the challenges the entire foodservice industry is facing as we emerge from the pandemic, and once complete, to help better position the Company for the next phase of growth.”