Heritage Grocers Appoints Matthew Holt as Chief Financial Officer

Heritage Grocers is pleased to announce the appointment of Matthew Holt to the position of Chief Financial Officer (CFO) for Heritage Grocers Group.

Reporting directly to Suzy Monford, Chairman & Chief Executive Officer for Heritage Grocers Group, Holt will oversee the financial and accounting initiatives for all Heritage banner companies which include Cardenas Markets, Tony’s Fresh Market and El Rancho Supermercado.

Holt succeeds Darren Karst who assumed the role of CFO in April 2023 and retired on Feb. 14, 2025.

“I’d like to thank Darren for being an integral part of building HGG and supporting its growth over the past two years. He leaves the team and the Company with a solid foundation for continued growth,” Monford said.  “Matt brings extensive financial experience and leadership, a deep understanding of, and passion for our business and a proven track record of leading key financial functions across our portfolios to his new role. With Matt at the helm of Heritage’s Finance Team, I am confident that we remain poised for continued success.”  

Holt recently held the position of Chief Accounting Officer for Heritage Grocers Group.  In this position he was responsible for all accounting functions, ensuring the accuracy of financial reporting and accounting, in addition to compliance with financial regulatory requirements, including those governed by the Securities and Exchange Commission.  

Before joining the Cardenas Markets banner in 2019, Holt served as a finance executive with over 20 years of progressive experience at Kroger Corporate and Division Offices, including numerous roles in finance, operations, and Chief Financial Officer and Controller for two supermarket divisions.

Holt graduated from Portland State University with a bachelor’s degree in accounting and is also a Certified Public Accountant(CPA).

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