8-Kfiled June 17, 2022, 7:59 PM ETticker BGSCIK 0001278027
other materialconfidence highsentiment neutralmateriality 0.75
B&G Foods reorganizes into four business units, appoints three presidents
B&G Foods, Inc.
Four business units created: Spices & Seasonings (18% of net sales), Meals (22%), Frozen & Vegetables (27%), Specialty (33%).
Jordan Greenberg to President of Spices & Seasonings, Ellen Schum to President of Specialty, Kristen Thompson to President of Frozen & Vegetables; external search for Meals President.
Erich Fritz, EVP Supply Chain, to retire Oct 1; receives $701K salary continuation, accelerated vesting of 6,722 restricted shares.
Other promotions: Gary Benedict to SVP Commercial Ops, Rick Drummond to SVP QA/R&D, Tessie Gallagher to SVP Field Sales, Marty Schoch to SVP Supply Chain.
CEO Keller says reorganization aims to improve growth, drive efficiency, and clarify portfolio focus.
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