Pinnacle Food Group Limited (NASDAQ:PFAI) shares declined 3.2% in premarket trading on Friday after the company announced a change in its senior finance leadership.
The company revealed that Wencai Pan has been removed from the position of Chief Financial Officer, while Dr. Yunhao Chen has been appointed as the new CFO. Both changes became effective on June 1, 2026.
New CFO Brings Extensive Public Company Experience
Dr. Chen joins the executive management team with a background that includes leadership roles at multiple publicly traded companies.
Most recently, she served as Chief Financial Officer of Massimo Group between May 2023 and January 2026, overseeing the company’s transition to the public markets through its 2024 initial public offering.
Prior to that, she held the CFO position at Dogness International Corporation from May 2017 to July 2023, where she played a key role in managing the company’s 2017 stock market debut.
Transition From Board Member to Executive Role
Since April 2025, Dr. Chen has served as an independent director of Pinnacle Food Group.
As part of her appointment as Chief Financial Officer, she will step down from her role on the board in order to assume executive responsibilities within the company.
The move places an existing board member with firsthand knowledge of the business into a key operational leadership position.
CEO Highlights Financial and Capital Markets Expertise
Chief Executive Officer Jiulong You welcomed the appointment and emphasized Dr. Chen’s experience in public company finance.
“Her experience as a public company CFO, together with her background in U.S. GAAP, SEC reporting, internal controls and capital markets, makes her well suited to lead our finance function as we continue to grow as a Nasdaq-listed company,” he said.
Management believes her expertise will support the company’s next stage of development as it expands its presence in the public markets.
Strong Academic and Professional Credentials
Dr. Chen holds a Ph.D. in Accounting as well as an MBA specializing in Finance and Management Information Systems from the University of Minnesota.
She also earned a Bachelor of Economics degree from the University of International Business and Economics.
In addition to her corporate experience, she worked in academia between 2007 and 2014, serving on the faculties of both the University of Miami and Florida International University.
Company Focuses on Strengthening Financial Leadership
The appointment comes as Pinnacle Food Group continues to develop its operations as a Nasdaq-listed company.
By bringing in an executive with experience in IPO execution, financial reporting, regulatory compliance and capital markets, the company appears focused on reinforcing its financial management capabilities while supporting future growth initiatives.