NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) — DDC Enterprises, Ltd. (NYSEAM: DDC) (“DayDayCook”, “DDC” or the “Company”), a leading content-driven food consumer brand, today announced that Malik Sadiq has been appointed Chief Operating Officer, effective immediately. Sadiq will lead the integration and growth of DayDayCook's brands globally, including recent additions Noma Lin, Yai's Thai and Omsom.
“Malik joins DayDayCook's leadership team at an important and exciting time as the company has just completed its third Asian food acquisition in the U.S.,” said Norma Chew, founder and CEO of DayDayCook. “Malik brings unique experience driving growth and operational efficiencies through both organic growth and M&A that will help us efficiently execute on our business plan. I expect he will undoubtedly make significant contributions to the team as DayDayCook continues its journey to become an Asian food powerhouse.”
Sadiq has more than 25 years of global food and beverage industry experience, including more than 15 years with Tyson Foods. Most recently, he served as Co-CEO and COO of LiveKindly Collective, a fast-growing food company operating in 40 countries. Previously, he served as SVP of International and Export for Tyson Foods, where he grew revenue to $2 billion during his tenure. Sadiq holds a PhD and MS in Industrial Engineering and a BS in Electrical Engineering from the University of Arkansas, Fayetteville.
“I am excited to join DDC and contribute to the company's strategy of acquiring authentic Asian brands and scaling them for growth,” said Malik Sadiq. “DDC's Asian origins and heritage put it in a unique position to drive this strategy. I am excited to bring my years of operational and M&A experience to drive DDC's strategy.”
About DayDayCook – A Leader in Food Innovation
Founded in 2012, DayDayCook is a leading content-driven consumer brand offering easy, convenient, heat-and-cook, ready-to-eat Asian meals. The company focuses on innovative and healthy eating solutions with a fast-growing omnichannel sales network in China and the US and a strong online presence globally. The company drives brand awareness through cooking and lifestyle content on major social media and e-commerce platforms.
Forward-Looking Statements
Certain statements contained in this announcement are forward-looking statements, including statements regarding the completion of the Acquisition, expected revenues, growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on our current expectations and projections regarding future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding our current and future business strategies and the environment in which we will operate in the future. Investors can identify many, but not all, of these statements by words such as “may,” “will,” “expect,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “believe,” “likely” and other similar expressions. We undertake no obligation to publicly update or revise any forward-looking statements to reflect subsequent events or circumstances or changes in our expectations, except as required by law. Although we believe that the expectations expressed in these forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. We also caution investors that actual results may differ materially from expectations and encourage investors to consider other factors that may affect future results that are described in our registration statement and other filings with the SEC.
contact:
Investor:
Head of Investor Relations
Kyle Guse
kyle.guse@daydaycook.com
Core IR
Matt Blasey
inquiry
media:
DDC Enterprises, Inc.
Christian
chrischaeun@daydaycook.com
