Board of Directors

James C. Pappas has served as a director of Innovative Food Holdings since January 30, 2020 and serves as Chair of the Board. Since June 2009, James has served as the Managing Member of JCP Investment Management, LLC, an investment firm, and as the sole member of JCP Investment Holdings, LLC.

James previously served as a director of Tandy Leather Factory, Inc., a retailer and wholesale distributor of leather and related products. He also previously served on the boards of Jamba, Inc. from January 2015 until its sale in September 2018; U.S. Geothermal Inc. from September 2016 until its sale in April 2018; and The Pantry, Inc. from March 2014 until its sale in March 2015. James also served as Chair of the Board of Morgan’s Foods, Inc. from January 2013 until its acquisition in May 2014, after joining its board in February 2012.

From 2005 through 2007, James worked in the Investment Banking and Leveraged Finance Division of Goldman Sachs, where he advised private-equity firms and corporations regarding leveraged buyouts, recapitalizations and refinancing alternatives. Before joining Goldman Sachs, he worked in Consumer and Retail Investment Banking at Banc of America Securities, advising clients on mergers and acquisitions, financings, restructurings and buy-side transactions.

James received a BBA and a Master’s in Finance from Texas A&M University.

Mark Schmulen has been a director since January 30, 2020. Mark is the co-founder and Chief Executive Officer of PropMatic, Inc., an agentic marketing technology company that automates and optimizes real estate marketing and leasing. Mark has also served as an investment advisor representative with Forum Financial, LP, an independent registered investment adviser, since November 2016.

Previously, Mark served as General Manager and Industry Principal for the Smart Building business of RealPage, Inc. (formerly NASDAQ: RP), a provider of software and data analytics to the real estate industry. Mark joined RealPage following its 2020 acquisition of Chirp Systems, Inc., a venture-backed smart access technology company that he co-founded and led as Chief Executive Officer.

Earlier in his career, Mark served as General Manager of Social Media Solutions at Constant Contact, Inc. (formerly NASDAQ: CTCT), a provider of digital marketing solutions, following its acquisition of NutshellMail, Inc., a social media marketing technology company that he co-founded and led as Chief Executive Officer. Mark began his career as an investment banking analyst with JPMorgan Chase & Co.

Mark holds a B.A. from the University of Pennsylvania and an M.S. in Management from Stanford Graduate School of Business.

Denver J Smith has served as the Managing Member of Carlson Ridge Capital, LLC, an investment firm, since May of 2016. Denver has served on the Board of Directors, and as Chairman of the Board of Track Group, Inc. (OTC: TRCK) since April of 2026. He has also served on the Board of Directors of Innovative Food Holdings, Inc. (OTC: IVFH) since March of 2023. He has been an investment consultant to the Aspen Family Trust since December of 2017. Additionally, he has served on the Board of Trustees of Lifestyle Management Inc, a non-profit organization, since December of 2010.

Previously, from November of 2015 through December of 2017, he was the Chief Investment Officer of 73114 Investments, LLC. Prior to that, from January of 2009 through October of 2015, he was an investment portfolio manager for 73114 Investments, LLC. Denver co-negotiated and was the named finder in the sale of 73114 Investments, LLC’s previous parent company, Avalon Correctional Services, Inc., to CoreCivic, Inc. (NYSE: CXW) for over $150 million in October of 2015.

Denver graduated from the University of Oklahoma with a BBA in Finance and Economics in 2010. He also earned an MBA from the University of Oklahoma in 2014. Denver is a CFA Charterholder.

Loukas D. Kozonis has served as a director of Innovative Food Holdings since May 19, 2026. Loukas is an attorney, CPA and civic leader whose experience spans law, business, accounting, taxation and public service.

Since 2013, Loukas has served as the founding partner of Kozonis Law, Ltd., a boutique law firm focused on real estate, corporate governance and tax matters. He has served as a director of Parkway Bancorp, a community bank with approximately $3.4 billion in assets, since 2015, and as a director of Mega Realty, Inc., a Chicago-based real estate firm that owns and manages retail and mixed-use properties throughout the Midwest, since 2011.

Loukas has served as an elected trustee of the Village of Bannockburn since 2019 and as co-chair of the Athens Committee of Chicago Sister Cities International since 2023. He received his Juris Doctor and Master of Laws in Taxation from Georgetown University Law Center and a B.A. in Finance from the University of Illinois.

Gary Schubert has served as Chief Executive Officer of Innovative Food Holdings since October 2025 and as a director since May 19, 2026. He previously served as the Company’s Chief Financial Officer from January 2024 to October 2025.

Before joining IVFH, Gary spent fifteen years at Walmart and three years at Tyson Foods. At Walmart, he most recently served as Senior Director of eCommerce Finance and Transformation Strategy, where he helped drive sustainable growth, customer retention and improved end-to-end economics across Walmart’s eCommerce business. He previously served as the financial leader for Walmart’s Neighborhood Market business across approximately 700 locations. His Walmart experience also included leadership roles spanning merchandising, operations, eCommerce, finance and strategy.

During his time at Tyson Foods, Gary held roles in Financial Planning and Analysis, Corporate Treasury and Investor Relations. He received a Bachelor of Science in Business Administration from the University of Arkansas, majoring in Financial Management with a minor in Accounting. While attending the University of Arkansas, he also managed the growth of a trust fund on behalf of the university.