From Petfood Industry:
JPMorgan Chase sold 1.7 percent of its shares in Freshpet Inc. during the third quarter of 2016, reported Sports Perspectives and Market News.
JP Morgan sold 24,310 shares during the third quarter, leaving the firm with 1,372,328 shares of FreshPet. The number of shares equated to 4.32 percent of FreshPet with a value of US$11,871,000, at the end of the quarter, according to filings with the Securities and Exchange Commission.
Freshpet CEO and director retired
In July 2016, Freshpet CEO and director, Richard Thompson, retired, reported Petfood Industry. Thompson will remain a consultant to the company through November 7, 2017. Thompson has been a member of Freshpet’s board of directors since 2010 and assumed the role of CEO in January 2011.
In addition, the Freshpet board of directors appointed co-founder, Scott Morris, to the additional position of president, where he continued to be involved in all aspects of company development and day-to-day operations.