Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

B&G Foods CEO Quits

foodprocessing 2020-11-16
Share       

The CEO of B&G Foods has resigned, about a year and a half after taking the job.

Kenneth Romanzi, who was promoted to the top spot from executive VP and COO in April 2019, announced Nov. 16 that he is leaving to pursue “personal interests.” His job will be temporarily filled by David Wenner, a company board member who was president and CEO from 1993 to 2014. A committee appointed by the board will look for a new CEO.

In a statement, board chairman Stephen Sherrill said that B&G Foods has shown strong financial results under Romanzi’s leadership, especially during the pandemic, but added, “All in all, we believe this is a good time to make a leadership transition and we are very fortunate that our former long-time CEO Dave Wenner, who has continued to serve on our Board of Directors, is now available and has agreed to help lead our company while we search for our next CEO.”

B&G, with its portfolio of basic foods like Green Giant vegetables and Cream of Wheat hot cereal, benefited from the change in consumption patterns brought about by the pandemic. In its most recent quarter, year-over-year sales went up 38%, and net income 145%.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

SPIRIOR (SPI Series)

SPIRIOR (SPI Series)

ACERPRIL Tablets

ACERPRIL Tablets

Acerola dry extract

Acerola dry extract

Instant Jasmine Tea Powder

Instant Jasmine Tea Powder

Falling film evaporation

Falling film evaporation

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121