LAKEWOOD, Colo. — Natural Grocers by Vitamin Cottage said Tuesday that restaurateur Edward Cerkovnik was elected to be an independent member of the company’s board of directors.
He will hold that position until the annual meeting of stockholders in 2015. Cerkovnik is an additional member of the board, bringing the total number of directors to seven.
He will also be an additional member of the board’s compensation committee and a member of the audit committee, where he replaces Kemper Isely. In satisfaction of New York Stock Exchange independence requirements for audit committees, Isely resigned from the audit committee effective upon Cerkovnik's appointment, Natural Grocers said. Isely remains chairman, director and co-president of the company.
Cerkovnik is a founder and president of Breckenridge Holding Co., the owner and operator of the Breckenridge Brewery & Pub concept, as well as other food and beverage concepts. In addition, he has been an active principal in other restaurant and commercial real estate projects since 1994.
“Mr. Cerkovnik brings practical and in-depth business experience to the board of directors, and we are grateful that he has agreed to join us,” Isely said in a statement.
Natural Grocers, which became a publicly traded company last year, operates 69 stores focusing on natural and organic product in 13 states.
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