Summary: Pinnacle Food Group Limited reported a change at the top of its finance organization that will be effective June 1, 2026. The company said Wencai Pan has been dismissed as chief financial officer and that Dr. Yunhao Chen will take over the CFO responsibilities. Shares of Pinnacle Food Group (NASDAQ:PFAI) fell 3.2% in premarket trading on Friday following the announcement.
Leadership change and immediate market reaction
Pinnacle disclosed that the finance transition will become effective June 1, 2026. The company removed Wencai Pan from the CFO position and named Dr. Yunhao Chen as his successor. Market participants reacted in premarket trading, where the stock declined 3.2% on Friday.
Professional background of incoming CFO
Dr. Chen brings direct public company finance experience to the role. Her recent position was Chief Financial Officer of Massimo Group from May 2023 through January 2026, during which the company navigated an initial public offering process in 2024. Prior to that, Dr. Chen served as Chief Financial Officer of Dogness International Corporation from May 2017 to July 2023 and led that company through its 2017 initial public offering.
She has been an independent director at Pinnacle Food Group since April 2025. The company said she will cease her independent director duties in connection with her appointment as CFO.
Qualifications and academic experience
Dr. Chen holds a Ph.D. in Accounting and an MBA in Finance and MIS from the University of Minnesota, and a Bachelor of Economics degree from the University of International Business and Economics. Her background also includes academic appointments: she served on the faculty at the University of Miami and Florida International University from 2007 to 2014.
Company comment
"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," commented Jiulong You, Chief Executive Officer of Pinnacle Food Group Limited.
What the announcement confirms
- Effective date for the CFO transition: June 1, 2026.
- The outgoing CFO is Wencai Pan; the incoming CFO is Dr. Yunhao Chen.
- Dr. Chen will stop serving as an independent director of Pinnacle Food Group when she assumes the CFO role.
- Pinnacle's shares moved down 3.2% in premarket trading following the disclosure.
Closing note
The company provided the principal items of Dr. Chen's experience, including her prior public company CFO roles, participation in two IPO processes, her academic credentials, and her prior teaching positions. Pinnacle's brief statement included the CEO's comment on her suitability to lead the finance organization as the company continues its life as a Nasdaq-listed entity.