PARSIPPANY, N.J.–(BUSINESS WIRE)–B&G Meals, Inc. (NYSE: BGS) introduced at this time that it has appointed Kenneth C. “Casey” Keller, age 59, as its subsequent President and Chief Government Officer, efficient June 14, 2021. Mr. Keller will succeed B&G Meals’ Interim President and Chief Government Officer, David L. Wenner, who will stay a director of the Firm and can work intently with Mr. Keller to make sure a seamless transition. Mr. Keller can even be elected to B&G Meals’ Board of Administrators.
Most not too long ago, Mr. Keller served as president and CEO of JDE Peet’s NV, a $7 billion international espresso and tea firm with over 20,000 workers primarily based in Amsterdam, The Netherlands. He led the merger of Jacobs Douwe Egberts (JDE) and Peet’s Espresso, Inc. and the profitable preliminary public providing of the mixed firm in Might 2020. Previous to the merger, Mr. Keller was the president and CEO of Peet’s Espresso, a premium specialty espresso firm primarily based in California, and led the enterprise by means of speedy development in the US and profitable growth into China.
Previous to that, Mr. Keller served as international president of the Wm. Wrigley Jr. Firm, a subsidiary of Mars, Inc., the place he was chargeable for delivering gross sales and revenue development throughout the worldwide gum, mints and sweet enterprise. He joined Wrigley in 2011 as president of Wrigley North America and later assumed duty for Wrigley Americas. In the US, the corporate’s largest international market, Mr. Keller led a turnaround of the Wrigley enterprise, delivering development properly above the business common. Throughout the integration of Wrigley into Mars, Mr. Keller helped set up the worldwide enterprise items and technique for the mixed Mars-Wrigley confectionery enterprise.
Mr. Keller served as president of Alberto Culver USA from 2008 till the corporate’s acquisition by Unilever in 2011. He additionally labored on the H.J. Heinz Firm in each the US and Europe, main the ketchup, condiments and sauces division in the US and was the CEO of Heinz Italy. Mr. Keller started his shopper items profession with Procter & Gamble.
Mr. Keller earned a Bachelor of Arts diploma from Cornell College and served for 4 years as an officer within the U.S. Navy earlier than receiving his Grasp of Enterprise Administration (MBA) from Harvard Enterprise Faculty.
Stephen C. Sherrill, Chairman of the Board of Administrators of B&G Meals, acknowledged, “We really feel extraordinarily lucky so as to add Casey to our already very robust administration workforce. Casey is a meals and beverage business veteran with wonderful management abilities and a confirmed observe file of producing income and earnings development. Casey additionally has expertise with mergers & acquisitions and public firm finance, most not too long ago guiding JDE and Peet’s Espresso by means of a profitable merger and post-merger IPO. We consider that Casey is the precise particular person to guide B&G Meals and drive our natural and M&A development technique, promote our core values, promote our ESG and variety, fairness and inclusion (DEI) efforts, and generate worth for our stockholders.”
Mr. Sherrill continued, “I wish to specific my appreciation to the Board’s particular committee on CEO succession, which was chaired by Dennis Mullen and included DeAnn Brunts, Chuck Marcy and Rob Mills. The committee carried out an intensive, thorough and intense search course of that produced many distinctive candidates. It’s thrilling to see B&G Meals generate such a subject of extremely proficient candidates as we proceed to develop as an organization, and I sit up for Casey main B&G Meals into the longer term and towards continued development.”
“On behalf of the complete firm, I’d additionally wish to thank Dave Wenner for his service as our Interim President and CEO. Dave’s extremely robust management abilities, breadth of expertise, integrity and keenness for our enterprise have been invaluable as he has guided us by means of this transition interval.”
Mr. Keller acknowledged, “I’m extremely excited to be becoming a member of B&G Meals and its very proficient and devoted workforce. We are going to proceed to deal with natural and acquisition development, innovation, operational enhancements, value discount efforts and the creation of stockholder worth. On the identical time, we can even proceed to advertise and additional improve B&G Meals’ company social duty efforts, together with the corporate’s environmental, sustainability and DEI efforts.”
Mr. Wenner acknowledged, “I wish to thank all B&G Meals workers for his or her super efforts. It has been a really rewarding expertise to as soon as once more lead our firm, work with our proficient govt management workforce, and reinforce the rules and methods which have helped create super worth for all of our stakeholders through the years. I sit up for persevering with to serve on B&G Meals’ Board of Administrators and aiding with Casey’s transition.”
About B&G Meals, Inc.
Based mostly in Parsippany, New Jersey, B&G Meals and its subsidiaries manufacture, promote and distribute high-quality, branded shelf-stable and frozen meals throughout the US, Canada and Puerto Rico. With B&G Meals’ various portfolio of greater than 50 manufacturers you recognize and love, together with Again to Nature, B&G, B&M, Bear Creek, Cream of Wheat, Crisco, Sprint, Inexperienced Big, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Type, Ortega, Polaner, Spice Islands and Victoria, there’s a bit of one thing for everybody. For extra details about B&G Meals and its manufacturers, please go to www.bgfoods.com.
Statements on this press launch that aren’t statements of historic or present reality represent “forward-looking statements.” The forward-looking statements contained on this press launch embody, with out limitation, statements associated to the CEO transition and the Firm’s methods, development plans and company social duty efforts. Such forward-looking statements contain recognized and unknown dangers, uncertainties and different unknown elements that might trigger the precise outcomes of B&G Meals to be materially completely different from the historic outcomes or from any future outcomes expressed or implied by such forward-looking statements. Along with statements that explicitly describe such dangers and uncertainties, readers are urged to think about statements labeled with the phrases “believes,” “perception,” “expects,” “tasks,” “intends,” “anticipates,” “assumes,” “might,” “ought to,” “estimates,” “potential,” “search,” “predict,” “could,” “will” or “plans” and comparable references to future durations to be unsure and forward-looking. Elements that will have an effect on precise outcomes embody, with out limitation: the affect of the COVID-19 pandemic on the Firm’s enterprise, together with, with out limitation, the power of the Firm and its provide chain companions to proceed to function manufacturing amenities, distribution facilities and different work places with out materials disruption; whether or not and when the Firm will be capable to notice the anticipated monetary outcomes and accretive impact of the Crisco acquisition, and the way prospects, opponents, suppliers and workers will react to the acquisition; the Firm’s substantial leverage; the consequences of rising prices for the Firm’s uncooked supplies, packaging and components; crude oil costs and their affect on distribution, packaging and power prices; the Firm’s skill to efficiently implement gross sales value will increase and value saving measures to offset any value will increase; intense competitors, modifications in shopper preferences, demand for the Firm’s merchandise and native financial and market circumstances; the Firm’s continued skill to advertise model fairness efficiently, to anticipate and reply to new shopper tendencies, to develop new merchandise and markets, to broaden model portfolios to be able to compete successfully with decrease priced merchandise and in markets which are consolidating on the retail and manufacturing ranges and to enhance productiveness; the dangers related to the growth of the Firm’s enterprise; the Firm’s potential incapacity to determine new acquisitions or to combine latest or future acquisitions or the Firm’s failure to understand anticipated income enhancements, value financial savings or different synergies from latest or future acquisitions; the Firm’s skill to efficiently full the combination of latest or future acquisitions into the Firm’s enterprise useful resource planning (ERP) system; tax reform and laws, together with the consequences of the U.S. Tax Cuts and Jobs Act and the U.S. CARES Act; the Firm’s skill to entry the credit score markets and the Firm’s borrowing prices and credit score scores, which can be influenced by credit score markets usually and the credit score scores of the Firm’s opponents; unanticipated bills, together with, with out limitation, litigation or authorized settlement bills; the consequences of foreign money actions of the Canadian greenback and the Mexican peso as in comparison with the U.S. greenback; the consequences of worldwide commerce disputes, tariffs, quotas, and different import or export restrictions on the Firm’s worldwide procurement, gross sales and operations; future impairments of the Firm’s goodwill and intangible belongings; the Firm’s skill to guard data methods towards, or successfully reply to, a cybersecurity incident or different disruption; the Firm’s sustainability initiatives and modifications to environmental legal guidelines and laws; and different elements that have an effect on the meals business usually. The forward-looking statements contained herein are additionally topic usually to different dangers and uncertainties which are described infrequently in B&G Meals’ filings with the Securities and Alternate Fee, together with beneath Merchandise 1A, “Threat Elements” within the Firm’s most up-to-date Annual Report on Kind 10-Ok and in its subsequent experiences on Varieties 10-Q and eight‑Ok. Traders are cautioned to not place undue reliance on any such forward-looking statements, which converse solely as of the date they’re made. B&G Meals undertakes no obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new data, future occasions or in any other case.