About

Doug Bergeron is a proven public company operator who is invigorated by the opportunity to revitalize Ethan Allen's iconic yet stagnant brand. Mr. Bergeron has a track of record of successfully driving growth strategies and has personally invested significant capital to build a beneficial ownership stake of 5.0% in Ethan Allen because he believes in the potential of the Company.

Earlier in his career, Mr. Bergeron led the $50 million buyout of VeriFone Systems, Inc. (formerly NYSE: PAY) from Hewlett-Packard in 2001 and served as CEO of VeriFone until 2013. During his 12-year tenure, VeriFone, which powers the payment infrastructure for a large percentage of American retail stores, grew revenue from less than $300 million to more than $2 billion and grew to an enterprise value that exceeded $4 billion, an increase of more than 80 times the price Mr. Bergeron acquired it for.1

The following is a case study of how Mr. Bergeron led a successful proxy contest to replace the board of directors and lead a growth-focused turnaround at Cantaloupe, Inc. (formerly Nasdaq: CTLP), a retail technology company. Together, the VeriFone and Cantaloupe examples illustrate Mr. Bergeron's track record of leading operational transformations and creating value for public company shareholders.

CASE STUDY

Cantaloupe, Inc. (formerly Nasdaq: CTLP)

  • While at Hudson Executive Capital, Mr. Bergeron assembled a world-class group of financial technology executives and co-led a campaign to elect them to Cantaloupe’s (then-USA Technologies) board of directors.
  • Hudson won the proxy contest at Cantaloupe, reaching an agreement with the company to immediately appoint its entire slate of eight new nominees to the board, including appointing Mr. Bergeron as Chairman of the board.
  • During Mr. Bergeron's chairmanship, Cantaloupe recruited a new CEO and CFO and embarked on an operational turnaround that resulted in the company’s expansion into new markets and delivery of consistent growth and profitability.
  • In 2026, Cantaloupe completed a sale for $848 million, reflecting a more than 89% total shareholder return since the start of the proxy contest.2
Sources:

1 VeriFone filings.

2 Bloomberg. Total shareholder return from May 20, 2019, the date of Hudson Executive Capital’s Schedule 13D filing at Cantaloupe, through May 7, 2026.

Learn more about Mr. Bergeron and the other nominees for Ethan Allen.

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info@okapipartners.com

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Gasthalter & Co.
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