(RTTNews) - 1847 Goedeker Inc. (GOED) said that it has appointed Albert Fouerti as Chief Executive Officer, effective immediately. He succeeds Doug Moore, who has also stepped down from his position on the company's Board. Previously, Fouerti was Chief Executive Officer of Appliances Connection and most recently served as President of Goedeker.
Fouerti intends to purchase up to one million dollars of the company's securities to supplement his current stockholdings as soon as practicable following this announcement, subject to applicable legal requirements.
1847 Goedeker announced the appointment of Ellery Roberts as Executive Chairman. Roberts had been serving as Chairman of Goedeker.
In an effort to support the management team as it works to continue integrating the businesses and pursuing growth, the Board has formed a Strategic Planning Committee, 1847 Goedeker said in a statement.
The Committee includes Fouerti, Roberts and Alan Shor, who recently joined the Board following the announcement of the Appliances Connection acquisition.
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