Village Farms International Appoints Finance and Operations Veteran Carolyn Hauger to Board

Published: May 14, 2024

Village Farms International Appoints Finance and Operations Veteran Carolyn Hauger to Board

Village Farms International, Inc. is delighted to announce that Carolyn Hauger has been appointed to its Board of Directors, effective immediately, and will stand for election at the Company’s annual shareholders meeting in June 2024. Ms. Hauger has extensive finance, operations and public company director experience having served as CFO for a variety of companies, where among many responsibilities she contributed to operational optimization, innovation strategies and early-stage development. Her experience includes both multi-national and emerging growth industries.

“Ms. Hauger brings to Village Farms an exceptional 35-plus year track record of leadership in both senior executive and director roles,” said John McLernon, Chairman of the Board of Village Farms. “With broad-based expertise in financial strategy and business building, alongside decades of consumer-packaged goods, international and start up experience, her insight and perspective will be of tremendous benefit to Village Farms.”

Ms. Hauger is currently CFO at Ten-Nine Technologies, a battery nanotechnology additives company, where she has been instrumental in its early development. Ms. Hauger was previously CFO at Lion, Inc., where she led various strategies that resulted in a significant improvement of a key division’s financial performance, and was Divisional CFO and Senior VP at Clopay Plastics (a subsidiary of Griffon Corporation), during which she helped transform a key division and contributed to the start up and optimization of international subsidiaries. Prior thereto, Ms. Hauger was an Advisory Senior Manager in the Performance Improvement Practice at Ernst and Young, advising C-Level executives on optimizing production. She also held various executive finance and operations positions over a 25-year tenure with Procter and Gamble. As CFO of Procter and Gamble’s North America FemCare and Global Tampax businesses, she collaborated with other executives on the development of commercial innovation strategies that drove market share and grew sales and profits.

Ms. Hauger currently serves as an Independent Director and Audit Chair for Jericho Energy Ventures (TSX: JEV) and holds Advisory Board positions with Prestige Properties Management, LLC and Metal Resource Solutions, Inc. Ms. Hauger holds a BS in Chemical Engineering from The Pennsylvania State University and received an MBA in Finance and Accounting from Xavier University.

About Village Farms International
Village Farms leverages decades of experience as a large-scale, Controlled Environment Agriculture-based, vertically integrated supplier for high-value, high-growth plant-based Consumer Packaged Goods opportunities, with a strong foundation as a leading fresh produce supplier to grocery and large-format retailers throughout the US and Canada, and new high-growth opportunities in the cannabis and CBD categories in North America, the Netherlands and selected markets internationally. In Canada, the Company’s wholly-owned Canadian subsidiary, Pure Sunfarms, is one of the single largest cannabis operations in the world, the lowest-cost greenhouse producer and one of Canada’s best-selling brands. The Company also owns 70% of Québec-based, Rose LifeScience, a leading third-party cannabis products commercialization expert in the Province of Québec.