SHF Holdings, Inc., dba Safe Harbor Financial (NASDAQ: SHFS), a Golden-based fintech provider of financial services and credit facilities to the regulated cannabis industry, announced today that its current CEO, Sundie Seefried, plans to retire in 30 days. Karl A. Racine, chair of Safe Harbor’s Nominating and Governance Committee, has been overseeing due diligence activities and advising the executive team to evaluate both internal and external candidates as part of the succession process.
Sundie Seefried will serve as co-CEO during the transition period. The company signed a three-year executive employment agreement with Terry Mendez to serve as co-CEO, and he will be appointed CEO upon Seefried’s retirement. Following the transition, Seefried will remain on the Board of Directors.
During the transition, Mendez will collaborate closely with Safe Harbor’s leadership team and Board of Directors to identify opportunities for innovation and growth, while Seefried will focus on achieving operational continuity. Seefried and Mendez will be key decision-makers, ensuring that all strategic recommendations are evaluated and presented to the Board for approval.
“We remain committed to thoughtful succession planning and long-term strategic growth, with the goal of capitalizing on optimizing our market position,” said Sundie Seefried, co-CEO of Safe Harbor Financial. “Terry’s experience in business expansion, transformation and strategic advisory will provide a valuable perspective as we explore ways to enhance our operations and maximize shareholder value. I look forward to working closely with him.”
Terry Mendez brings extensive experience in strategic planning and operational transformation within the information technology and cannabis industries. As the founder of Amos Advisory Solutions, Mendez served as the CEO of both single-state and multi-state cannabis operators, successfully leading turnaround efforts. He began his career in public accounting with Arthur Andersen and Deloitte & Touche. Previously, he served as vice president of Finance and global chief accounting officer for Hitachi Vantara, a subsidiary of Hitachi, overseeing 52 countries.
