Village Farms names Hamid Shekarchi interim CFO; Stephen Ruffini steps down as CFO
Village Farms International appointed Hamid Shekarchi as Interim Chief Financial Officer effective September 10, 2026, replacing Stephen Ruffini in that role. The company states that Ruffini's transition is not the result of any disagreement with management or the board, and he remains Company Secretary and takes on the role of Head of M&A.
Key points
- Hamid Shekarchi, 41, was CFO of the company's Canadian Cannabis operations since February 1, 2024, and joined the Pure Sunfarms subsidiary in 2021.
- Stephen Ruffini ceases to serve as CFO as of September 10, 2026, but stays on as Company Secretary, Head of M&A, advisor to the CEO and a full-time employee.
- Shekarchi's interim CFO pay includes a C$567,000 annual base salary, a 50% target bonus, a 100,000 stock option grant and a one-time RSU award of 20% of base salary.
- If Shekarchi is terminated without cause, the company will provide 12 months' notice by lump sum or continuance.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.