James C. Pappas has been a director since January 30, 2020. James has served as the Managing Member of JCP Investment Management, LLC (“JCP Management”), an investment firm, and the sole member of JCP Investment Holdings, LLC (“JCP Holdings”), since June 2009. James has also served as a director of Tandy Leather Factory, Inc. (NASDAQ:TLF), a retailer and wholesale distributor of a broad line of leather and related products, since June 2016. James previously served as a director of each of Jamba, Inc. (formerly NASDAQ:JMBA), a leading health and wellness brand and the leading retailer of freshly squeezed juice, from January 2015 until the completion of its sale in September 2018, U.S. Geothermal Inc. (formerly NYSEMKT:HTM), a leading geothermal energy company, from September 2016 until the completion of its sale in April 2018, and The Pantry, Inc. (formerly NASDAQ:PTRY), a leading independently operated convenience store chain in the southeastern United States and one of the largest independently operated convenience store chains in the country, from March 2014 until the completion of its sale in March 2015. He also previously served as Chairman of the board of directors of Morgan’s Foods, Inc. (formerly OTC:MRFD), a then publicly traded company, from January 2013 until May 2014, when the company was acquired by Apex Restaurant Management, Inc., after originally joining its board as a director in February 2012. From 2005 until 2007, James worked for The Goldman Sachs Group, Inc. (NYSE:GS) (“Goldman Sachs”), a multinational investment banking and securities firm, in its Investment Banking / Leveraged Finance Division. As part of the Goldman Sachs Leveraged Finance Group, James advised private equity groups and corporations on appropriate leveraged buyout, recapitalization and refinancing alternatives. Prior to Goldman Sachs, James worked at Bank of America Securities, the investment banking arm of Bank of America Corporation (NYSE:BAC), a multinational banking and financial services corporation, where he focused on Consumer and Retail Investment Banking, providing advice on a wide range of transactions including mergers and acquisitions, financings, restructurings and buy-side engagements. James received a BBA and a Masters in Finance from Texas A&M University.
Robert William (Bill) Bennett has been a director and our CEO since February 28, 2023. Bill was most recently Vice President of eCommerce for The Kroger Co. from 2020 until 2023. In this role, he was responsible for the company’s $10 billion eCommerce business, leading cross-functional partners in marketing, merchandising, product management, supply chain, technology, and analytics to develop and lead a robust eCommerce go-to-market and growth strategy across the enterprise. Bill joined Kroger from Walmart where he served for eight years, from 2013 to 2020, in a variety of eCommerce and store leadership roles, including finance, merchandising, strategy, analytics, and product management. Prior to Walmart, from 2011 to 2013, Bill led the pricing strategy team at S.C. Johnson and served in a variety of leadership roles at General Mills from 2006 to 2011. Bill received a bachelor’s degree in Business Management with an emphasis in Finance from Brigham Young University and an MBA from the Fuqua School of Business at Duke University.
Hank Cohn most recently founded New Hope Ranch, a residential treatment center in Texas, focused on substance abuse. Hank sold New Hope Ranch in February 2020 to Discovery Behavioral Health, a nationwide leader in behavioral health services. Hank is also a managing partner of P1 Billing, LLC, a revenue cycle management services provider to ambulatory medical clinics. P1 Billing is a spinoff of PracticeOne Inc., an integrated PMS and EMR software and services company for physicians. PracticeOne was formerly PractieXpert, Inc., a publicly traded company. Hank took PracticeXpert private in 2007. Hank served as President and Chief Executive Officer of PracticeOne until December 2010, at which time the company was acquired by a leading global technology focused private equity firm. Hank is also a principal at WTI Outsourcing LLC., a Business Process Outsourcing Company (BPO) with a focus in healthcare. Prior to PracticeOne, Hank worked independently with NY based PIPE investment groups as a restructuring and workout specialist for public companies. Hank currently serves on the Board of a number of public and private companies. Hank previously held the position of vice president at Galaxy Ventures, LLC, an investment fund concentrating in the areas of bond trading and early-stage technology investments, where he acted as portfolio manager for investments. Hank holds an MBA in Finance and Investments from Baruch College.
Jefferson Gramm has been a director since September 10, 2021. Jeff is a co-founder, partner and portfolio manager at Bandera Partners LLC, a New York based investment fund founded in 2006. Prior to founding Bandera in 2006, he served as Managing Director of Arklow Capital, LLC, a hedge fund focused on distressed and value investments. Jefferson has extensive board experience and currently serves as the Chairman of the Board of Tandy Leather Factory, Inc. and as a director of Rubicon Technology Inc. Jefferson previously served on the Board of Directors of Ambassadors Group Inc., Morgan’s Foods Inc., and Peerless Systems Corp. He received an M.B.A. from Columbia University in 2003 and a B.A. in Philosophy from the University of Chicago in 1996.
Sam Klepfish has been a director since December 1, 2005. From November 2007 to February 28, 2023 Sam was the CEO of Innovative Food Holdings and its subsidiaries. From March 2006 to November 2007 Sam was the interim president of the Company and its subsidiary. Since February 2005 Sam was also a Managing Partner at ISG Capital, a merchant bank. From May 2004 through February 2005 Sam served as a Managing Director of Technoprises, Ltd. From January 2001 to May 2004 he was a corporate finance analyst and consultant at Phillips Nizer, a New York law firm. Since January 2001 Sam has been a member of the steering committee of Tri-State Ventures, a New York investment group. From 1998 to December 2000, Sam was an asset manager for several investors in small-cap entities.
Mark Schmulen has been a director since January 30, 2020. Mark is the Industry Principal for RealPage, Inc's Smart Building business unit (formerly NASDAQ: RP) since September 2020. Mark joined RealPage via its acquisition of Chirp Systems, Inc., a venture-backed smart access solution for multifamily property owners, where he served as CEO and co-founder since August 2018. Mark has also served as the managing director of Jelly Capital, LLC, a private investment fund focused on early- stage technology and real estate investments since May 2015, and as an investment advisor representative for Forum Financial, LP, an independent investment advisor since November 2016. Previously, Mark served as General Manager of social media for Constant Contact, Inc. (formerly NASDAQ: CTCT), a provider of digital marketing solutions from May 2010 until May 2014. Prior to that, he was co-founder and served as CEO of Nutshell Mail, Inc., a social media marketing solution from 2008 until its acquisition by Constant Contact, Inc. in 2010. Mark began his career as an investment banking analyst with JPMorgan Chase Bank. Mark holds a B.S. from the University of Pennsylvania and an M.S. in Management from Stanford’s Graduate School of Business.
Brady Smallwood joined IVFH as COO and Director in May 2023, bringing a wealth of experience to the company from his track record in food retail and eCommerce. Formerly the Senior Director of eCommerce at The Kroger Co., Brady oversaw the strategic direction and operations of their $10+ billion eCommerce division. While at Kroger, Brady was selected as a Progressive Grocer’s GenNext award recipient for innovators under 40.
Brady holds a Master's in Business Administration from The University of Chicago Booth School of Business, where he was both an honors graduate and a Kilts marketing scholar. He earned his Bachelor's degree in Business Management from Brigham Young University.
Denver Smith has been a director since March 13, 2023. Denver is the Co-Founder and a managing member of Carlson Ridge Capital, a hedge fund manager, which was founded in 2015. He is also the Co-CIO of the firm and acts as the lead manager for the CRC Founders Fund, LP. Additionally, Denver advises the Aspen Family Trust on its asset allocation and strategic level decisions for various entities it owns. He was previously a portfolio manager and the Chief Investment Officer for 73114 Investments, LLC, for a period of 9 years. In 2015, he prompted and helped negotiate the sale of 73114 Investments parent company, a government contracting company, to a multi-billion dollar publicly traded REIT for over $150 million. Denver serves on the Board of Trustees of Lifestyle Management Inc, a non-profit organization. He graduated from the University of Oklahoma with a BBA in Finance and Economics. He also earned an MBA from the University of Oklahoma. Denver is a CFA Charterholder.