Verus International, Inc. Announces Management Changes
February 17, 2021 at 04:58 pm EST
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Verus International, Inc. provided this interim operational update in advance of filing its fiscal year 2020 annual results, which have been slightly delayed due to recent corporate changes. As part of an ongoing corporate repositioning, the company announced that it has promoted Andy Dhruv from his role as President of Verus Foods (Americas) to CEO of Verus International. Mr. Dhruv is an entrepreneur with deep roots in consumer and wholesale operations, with expertise in building national distribution networks. In addition to more than 15 years in the consumer products space at the retail level, Mr. Dhruv has also been instrumental in helping to develop the Pachyderm Labs (“Pachyderm”) CBD line. Former CEO Anshu Bhatnagar will retain his role as Chairman and will continue to be active in certain aspects of corporate governance and operations.
Verus International, Inc. is a multi-line consumer packaged goods (CPG) company developing branded product lines in the United States and on a global basis. The Company is focused on international consumer packaged goods, foodstuff distribution and wholesale trade. The Company markets its consumer food products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. The Company provides frozen foods, particularly meat, poultry, seafood, vegetables, and French fries with beverages. It also provides cold-storage facilities and is seeking sources for fresh fruit, produce and similar perishables, as well as other consumer packaged foodstuffs. The Company has its regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa, with deep roots in the Gulf Cooperation Council (GCC) countries, which includes the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Kingdom of Saudi Arabia and Kuwait.