Farmer Bros. terminates Chief Supply Chain and Chief Sales Officers in cost-cutting move

FARMER BROTHERS CO

Terminated Ruben Inofuentes (Chief Supply Chain Officer) and Maurice S.J. Moragne (Chief Sales Officer), effective Feb 17, 2023.
Action is part of strategic priority to reduce overhead costs and drive profitability.
Duties of the two officers to be assumed by various other Company employees.
Company expects to enter into general release and separation agreements with both executives; terms to be disclosed later.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Ruben Inofuentes

Chief Supply Chain Officer

FARM · FARMER BROTHERS CO

Effective: 2023-02-17
Filed: February 15, 2023, 6:59 PM ET

termination of employment of Ruben Inofuentes, the Company’s Chief Supply Chain Officer

Departed

Maurice S.J. Moragne

Chief Sales Officer

FARM · FARMER BROTHERS CO

Effective: 2023-02-17
Filed: February 15, 2023, 6:59 PM ET

and Maurice S.J. Moragne, the Company’s Chief Sales Officer

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ruben Inofuentes was terminated as Chief Supply Chain Officer at FARMER BROTHERS CO.

Action: terminated
Role: Chief Supply Chain Officer

Exact text from the filing

termination of employment of Ruben Inofuentes, the Company’s Chief Supply Chain Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Maurice S.J. Moragne was terminated as Chief Sales Officer at FARMER BROTHERS CO.

Action: terminated
Role: Chief Sales Officer

Exact text from the filing

and Maurice S.J. Moragne, the Company’s Chief Sales Officer

View on SEC.gov

FARMER BROTHERS CO filing history →

Source: SEC EDGAR

accession 0001140361-23-007260

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.