Novus Foods Welcomes Admir Basic as New CEO to Drive Future Growth

In a significant move for the chilled snacking industry, Novus Foods has announced the appointment of Admir Basic as its new Chief Executive Officer, effective July 1, 2026. This decision comes as part of a well-planned succession strategy overseen by the Novus Foods board and its primary shareholder, CapVest Partners.

Admir Basic's ascension follows the impressive tenure of the previous CEO, Tom Davis, who transformed Novus from a $200 million company into a colossal $1 billion entity through strategic acquisitions and exceptional leadership. Davis, who will remain a significant shareholder in the company, expressed confidence in Basic's ability to steer Novus Foods through its next phase of growth.

Basic, a seasoned leader in the food sector, conveyed his enthusiasm about joining a company with a noteworthy legacy. He noted, "Novus Foods has an outstanding portfolio, a talented team, and deep, long-standing customer relationships. I look forward to building on the strong foundation Tom has laid, working closely with our customers, our suppliers, and our people, and taking the business to the next level."

Davis, reflecting on his journey at Novus, stated, "I’m enormously proud of what this company and its people have built over the past eleven years. We’ve created something truly special – an incredible team, a value-driven culture, and a business positioned to keep winning." Under his guidance, the company expanded its reach by diversifying its product offerings, especially in the dips, desserts, and yogurt sectors, thanks to five major acquisitions.

Timothy Colson, Chairman of Novus Foods and Partner at CapVest Partners, acknowledged Davis's contributions, highlighting the solid ground he built for the company. He praised Basic’s capability and experience, saying, "In Admir, the Board has found a proven operator with a strong track record of scaling food businesses and deepening customer partnerships. We are confident he is the right leader to take Novus into its next chapter."

Basic brings extensive experience to Novus Foods, most recently serving as President and CEO of Great Kitchens Food Company. His career has also included nearly a decade at ARYZTA in senior roles focused on commercial operations and finance, where he achieved significant growth and built solid customer partnerships.

As Novus Foods embarks on this new journey under Basic’s leadership, the company is committed to sustaining its excellence in service and quality, all while nurturing long-term partnerships with customers. They aim to not only uphold their reputation in the market but to strengthen it further with Basic at the helm.

With a dedication to innovation and expansion, Novus Foods is poised to continue thriving in the competitive landscape of the snacking industry, underlining its role as one of North America's foremost chilled snacking platforms.

About Novus Foods

Novus Foods is one of North America's largest chilled snacking companies, specializing in dips, desserts, and yogurt. As a portfolio company of CapVest Partners, Novus Foods prioritizes high-quality service and products, ensuring the long-term satisfaction of its diverse customer base across North America.

About CapVest Partners

CapVest Partners is a reputable international private equity firm that collaborates with companies offering essential goods and services. Through strategic partnerships and investments, CapVest aims to drive growth and innovation, successfully creating resilient market-leading businesses worldwide.