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Diving Briefs:
- The UTZ brand is replacing the chief financial officer who can withdraw on May 1, using the former tropican or executive William J. Kelley JR..
- Kelley worked as a CFO for three years in Tropicana and helped to separate the orange juice manufacturer of PEPSICO, a former owner of $ 3.3 billion in Soda Giants in 2021.
- The coming UTZ CFO has been a major financial role since 2021 on behalf of Ajay Kataria, who has worked at UTZ for eight years, and helped to supervise Chips and Pretzel Maker Go Public by 2020.
Dive Insights:
A snack company in Pennsylvania, a necessity in the northeastern market, has nominated the existing industry veteran and leads to financial decision making as it grows nationwide.
William J. Kelley Jr., a new CFO and vice president of UTZ
Provided by UTZ Brands, Inc.
Howard Frieman, the CEO of UTZ, said in a statement, “Bill provides deep financial expertise and operating experience in some of the most respected names in food and drinks.” We are happy to welcome him to UTZ as we continue to execute long -term growth strategies. “
In the statement, Kelley said he respected the “great exercise” of UTZ’s geographical expansion. The company did not specify why Kataria was withdrawn.
UTZ also announced its internal appointment as a sales manager, Jeremy Stuart, as the chief customer and sales vice president of the company. Stewart has previously worked in Coca -Cola for five years before joining UTZ in 2023, and replaced Mark SCHREIBER, who will retire eight years later.
The C-SUITE Refresh is provided as expected to improve financial performance as the snacks woven by potato chips and freed manufacturers are increasingly popular. UTZ plans to import annual growth between 1.5% and 1.7% during the first three months of 2025, which will be reported on May 1.
Over the past two years, UTZ has made strategic operation decisions with the goal of growing main chips and pretzel brands. In early 2024, it sold health and RW Garcia brand for $ 182.5 million to the Popchips owner. The company also opened 650,000 square feet of distribution centers in Hannover, Pennsylvania, and handles 2.3 million pallets every year.
