Freshpet Announces CFO Transition Process

Ivan Garcia Appointed Interim CFO

Company Reaffirms 2025 Outlook

BEDMINSTER, N.J., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that Ivan Garcia, Vice President of Finance, has been named Interim Chief Financial Officer, effective October 17, 2025. Mr. Garcia will succeed Todd Cunfer, who has made the decision to accept an opportunity outside the Company. Mr. Cunfer will remain with the Company until October 17, 2025 to support Mr. Garcia in the transition. Freshpet has commenced an external search for a permanent successor with the assistance of a leading executive search firm.

Mr. Garcia has served as Vice President of Finance since July 2023. Previously, he served as Vice President Corporate Controller from October 2020 to June 2023 and has held positions of increasing responsibility within Freshpet’s finance department since joining the Company prior to its IPO in February 2014 as Manager of Financial Reporting. Prior to joining Freshpet, he served as an Audit Manager at KPMG US. He holds a B.S. in Accounting and Business/Management from Montclair State University.

“Ivan is well regarded by the Board and leadership team for his depth of understanding of the Freshpet business model, and we are confident his leadership will ensure a smooth transition as we conduct a search for our next CFO,” commented Billy Cyr, Freshpet’s Chief Executive Officer. “Having joined Freshpet 11 years ago, Ivan has been responsible for a wide range of critical projects. His sharp financial acumen has served the Company well over the years as he continues to provide the fiscal discipline required for our high growth company.”

“On behalf of Freshpet and the Board of Directors, I would like to sincerely thank Todd for his contributions as CFO over the past three years," Cyr continued. “He has been an integral part of Freshpet’s success and profitability improvement, and with a strong foundation and Ivan’s leadership as Interim CFO, we remain well positioned to execute on our near and long-term growth strategy. We wish Todd the best as he pursues this exciting new career opportunity closer to home.”

“It has been an honor and privilege to work with the entire Freshpet team and I am very proud of our accomplishments as an organization to strengthen the Company’s balance sheet and improve our financial position,” said Cunfer. “Freshpet is an incredible company with durable growth, and I will continue to follow along closely as the team continues to execute on the growth plans.”