Heritage Grocers Group Welcomes New CFO Matthew Holt

Heritage Grocers Group Announces New CFO Appointment

Heritage Grocers Group, the leading Hispanic and ethnic food retailer in the nation, has made an exciting addition to its executive team. Matthew Holt is stepping into the pivotal role of Chief Financial Officer (CFO), taking charge of financial operations at a time when the company aims to strengthen its market leadership.

Matthew Holt's Career Background

Holt is not new to the Heritage family, having recently served as the Chief Accounting Officer. His experience in overseeing financial reporting and compliance positions him well to drive the financial strategy of the company. Holt's extensive background includes over 20 years of service within various roles at Kroger's Corporate and Division Offices, showcasing his progressive experience in finance and operations.

Leadership Transition and Continuity

Holt is succeeding Darren Karst, who recently retired after contributing to the growth and development of Heritage Grocers Group since April 2023. Suzy Monford, the Chairman and Chief Executive Officer, expressed gratitude towards Darren Karst for his dedication and leadership. She stated, "Darren has laid a solid financial foundation during his tenure, enabling our continued growth. With Matt's expertise, we are upbeat about future opportunities."

Future Plans for Heritage Grocers Group

Under Holt's financial stewardship, the company is expected to enhance its performance across all banners, including Cardenas Markets and El Rancho Supermercado. Holt's skills in managing key financial functions will support the company’s expansion plans and improve operational efficiencies. His focus will be on further integating the financial framework of Heritage with the company's strategic goals, enhancing both compliance and performance.

The Heritage Grocers Group Mission

Heritage Grocers Group operates multiple grocery banners and has achieved significant recognition for its customer-centered model, focusing on fresh, quality ethnic foods. Holt understands the unique needs of the communities served by Heritage, aiming to ensure that its offerings continue to resonate with customers. With a mission focused on freshness and affordability, the company is well-positioned to meet the evolving preferences of its clientele.

About the Company

Heritage Grocers Group prides itself on being the largest Hispanic food retailer in the United States. Its wide array of traditional and specialty items caters to diverse communities, offering an unmatched shopping experience that prioritizes authenticity. This commitment is reflected in the diverse formats and localized assortments found across its establishments. Presently, Heritage operates stores in major regions, maintaining a robust presence in six states and continually looking to expand its footprint.

Contact Information

For media inquiries, please reach out to Marisa Kutansky, Senior Communications Director at:

Tel: (909) 923-7426 ext. 1414
Email: mkutansky@heritagegrocers.com

Frequently Asked Questions

What is the recent change at Heritage Grocers Group?

Heritage Grocers Group appointed Matthew Holt as the new Chief Financial Officer to enhance its financial leadership.

How long has Matthew Holt worked with Heritage Grocers Group?

Matthew Holt has been with the company for several years, previously serving as Chief Accounting Officer.

What are the expectations from the new CFO?

Matthew Holt is expected to drive the financial strategy and oversee financial operations, boosting the company's growth and compliance.

Who did Matthew Holt succeed as CFO?

Holt succeeded Darren Karst, who retired after two years in the role.

What does Heritage Grocers Group focus on?

The company focuses on providing high-quality ethnic foods and a customer experience marked by freshness and affordability.

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