Hill Incorporated announced that it has entered into a mutual agreement with Matthew Jewell for his departure as Chief Financial Officer as of June 30, 2024, the end of the current fiscal year. In his tenure, Matthew has been instrumental in standardizing Hill's accounting systems and financial reporting processes and streamlining the Company's financials. He also worked to connect the financial systems to the operations management systems and models that have been built for the Company's DehydraTECH licensing business and the alcohol-free wine business, where detailed visibility to both supply chain and retail sales is critical in the company?s new, more efficient business model.

As such, Reuban Nadesan, current VP of Strategy & Corporate Development of the Company, will step in as interim CFO. Reuban is a Chartered Professional Accountant and has been supporting the Company's finance team since he joined the company in 2018. He has extensive experience with all the operating and financial systems and models that have been developed jointly with Matthew.

Having been deeply involved in leading the audit process in previous years, he is also very well suited to lead the fiscal year 2024 audit over the coming months.