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May 12, 2021

B&G Foods names former Mars exec Kenneth Keller as CEO

US-based B&G Foods has announced that former Mars executive Kenneth Keller will become its new CEO and president.

By Andy Coyne

Keller, known as Casey, succeeds interim chief executive David Wenner at the New Jersey-based firm. Wenner has been in the post since November when Kenneth Romanzi, who had been CEO since April 2019, stepped down to pursue “personal interests”.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Most recently, Keller has worked in the coffee industry as president and CEO of JDE Peet’s but he previously held the position of global president at Mars-owned chewing gum, mints and candy business Wrigley.

Keller also worked for H.J. Heinz before a merger with Kraft Foods in 2015. He led the ketchup, condiments and sauces division in the US and also served as the CEO of Heinz Italy.

He will take up his new position at the Cream of Wheat and Back to Nature brands owner B&G on 14 June. Wenner will remain a director of the company and will work closely with Keller to ensure a smooth transition.

Stephen Sherrill, chairman of B&G, said: “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 and 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.”

Keller said: “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.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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