Karat Packaging CFO Ann Sabahat Resigns

(RTTNews) - Karat Packaging Inc. (KRT), a specialty distributor and manufacturer of disposable foodservice products, Friday said its Chief Financial Officer Ann Sabahat resigned for personal reasons, effective October 8, 2021.

Karat's board of directors has appointed Peter Lee to serve as its interim chief financial officer, effective October 8, 2021, until a successor is named. The company has initiated a search for a new chief financial officer.

Alan Yu, chairman and chief executive officer, said, "We are pleased that Peter, who knows our company well, has agreed to serve as our interim chief financial officer again. His expertise and history with Karat will help ensure a smooth transition of Karat's financial leadership. On behalf of the board, we thank Ann for her service to Karat Packaging and wish her well."

Lee previously served as Karat Packaging's interim chief financial officer from October 2018 to October 2019.