Rocky Mountain Chocolate Factory, Inc. says it has begun the search for a new leader to serve as the company's chief executive officer.
"We are pleased to take this pivotal next step in strengthening RMCF and best positioning the company for its next chapter of growth," said Rahul Mewawalla, chairperson of the RMCF Board of Directors. "We see great opportunities to build on RMCF's rich 40-year legacy and look forward to bringing on a new CEO who will help lead the organization, our franchisees, and our employees to future success, as we continue to delight our millions of consumers and enhance value for all our shareholders and stakeholders."
RMCF has engaged Spencer Stuart, a leading global executive search and leadership advisory firm, to conduct a comprehensive search process and support RMCF in bringing on its next CEO. As previously announced, current CEO Bryan Merryman has decided to step down from his position upon the appointment of a successor.
RMCF also seeks to bring best-in-class strategic and operational expertise to its Board of Directors. This will result in a refreshment of a majority of the board within the last two years.
"We intend to identify exceptional CEO candidates that share our excitement for RMCF's future, and I look forward to working alongside my fellow board members to bring on a talented and experienced new leader,” Mewawalla said. “RMCF has a transformative opportunity to capitalize on its beloved brand and unparalleled commitment to quality through focused innovation and thoughtful expansion into new markets. With the appointment of a new CEO and the addition of new independent board members with robust strategic and operational expertise, the company will have all the pieces in place to accelerate growth, improve profitability and create a more dynamic business for the benefit of all stakeholders. We remain ever thankful for our wonderful franchisees and dedicated employees, who have and will continue to define the company's exciting growth and success for many years to come."