B+G Foods: Selects its Next President and CEO

Parsippany / NJ. (bgs) B+G Foods Inc. announced that it has appointed Kenneth C. «Casey» Keller, age 59, as its next President and Chief Executive Officer, effective June 14, 2021. Keller will succeed B+G Foods’ Interim President and Chief Executive Officer, David L. Wenner, who will remain a director of the Company and will work closely with Keller to ensure a seamless transition. Keller will also be elected to B+G Foods’ Board of Directors.

Most recently, Keller served as president and CEO of JDE Peet’s NV, a USD 7 billion global coffee and tea company with over 20,000 employees based in Amsterdam, The Netherlands. He led the merger of Jacobs Douwe Egberts (JDE) and Peet’s Coffee Inc. and the successful initial public offering of the combined company in May 2020. Prior to the merger, Keller was the president and CEO of Peet’s Coffee, a premium specialty coffee company based in California, and led the business through rapid growth in the United States and successful expansion into China.

Prior to that, Keller served as global president of the Wm. Wrigley Jr. Company, a subsidiary of Mars Inc., where he was responsible for delivering sales and profit growth across the global gum, mints and candy business. He joined Wrigley in 2011 as president of Wrigley North America and later assumed responsibility for Wrigley Americas. In the United States, the company’s largest global market, Keller led a turnaround of the Wrigley business, delivering growth well above the industry average. During the integration of Wrigley into Mars, Keller helped establish the global business units and strategy for the combined Mars-Wrigley confectionery business.

Keller served as president of Alberto Culver USA from 2008 until the company’s acquisition by Unilever in 2011. He also worked at the H.J. Heinz Company in both the United States and Europe, leading the ketchup, condiments and sauces division in the United States and was the CEO of Heinz Italy. Keller began his consumer goods career with Procter + Gamble.

Keller earned a Bachelor of Arts degree from Cornell University and served for four years as an officer in the U.S. Navy before receiving his Master of Business Administration (MBA) from Harvard Business School.

Stephen C. Sherrill, Chairman of the Board of Directors of B+G Foods, stated, «We feel extremely fortunate to add Casey to our already very strong management team. Casey is a food and beverage industry veteran with excellent leadership skills and a proven track record of generating revenue and earnings growth. Casey also has experience with mergers + acquisitions and public company finance, most recently guiding JDE and Peet’s Coffee through a successful merger and post-merger IPO. We believe that Casey is the right person to lead B+G Foods and drive our organic and M+A growth strategy, promote our core values, promote our ESG and diversity, equity and inclusion (DEI) efforts, and generate value for our stockholders.»

Sherrill continued, «I would like to express my appreciation to the Board’s special committee on CEO succession, which was chaired by Dennis Mullen and included DeAnn Brunts, Chuck Marcy and Rob Mills. The committee conducted an extensive, thorough and intense search process that produced many exceptional candidates. It is exciting to see B+G Foods generate such a field of incredibly talented candidates as we continue to grow as a company, and I look forward to Casey leading B+G Foods into the future and toward continued growth.»

«On behalf of the entire company, I would also like to thank Dave Wenner for his service as our Interim President and CEO. Dave’s incredibly strong leadership skills, breadth of experience, integrity and passion for our business have been invaluable as he has guided us through this transition period.»

Keller stated, «I am incredibly excited to be joining B+G Foods and its very talented and dedicated workforce. We will continue to focus on organic and acquisition growth, innovation, operational improvements, cost reduction efforts and the creation of stockholder value. At the same time, we will also continue to promote and further enhance B+G Foods’ corporate social responsibility efforts, including the company’s environmental, sustainability and DEI efforts.»

Wenner stated, «I would like to thank all B+G Foods employees for their tremendous efforts. It has been a very rewarding experience to once again lead our company, work with our talented executive leadership team, and reinforce the principles and strategies that have helped create tremendous value for all of our stakeholders over the years. I look forward to continuing to serve on B+G Foods’ Board of Directors and assisting with Casey’s transition.»