BellRing Brands appoints Michael Axelrod as CEO effective July 29, 2026

BELLRING BRANDS, INC.

Michael Axelrod named President and CEO, effective July 29, 2026; succeeds Darcy Davenport who retires and becomes advisor.
Axelrod previously CEO of Snak King and Del Real Foods; brings 30+ years CPG experience.
Compensation: $1M base salary, target bonus 100% of base, equity award of $4.75M (40% RSUs, 60% PRSUs).
Severance: 2x salary+bonus for non-CIC termination, 3x for CIC; also transaction bonus of 1x salary upon change in control.
BellRing reported over $2.3B in sales under Davenport's leadership.

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