John B. Sanfilippo & Son has appointed Jasper Sanfilippo Jr. as the next CEO of the US snacks company.
The leadership change will take effect on 1 October as the Illinois-based group said current CEO Jeffrey Sanfilippo will move into the role of executive chairman. He will continue to lead the board and work with management on strategy and long-term growth plans.
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At the same time, John B. Sanfilippo & Son has promoted Frank Pellegrino to president and CFO from executive vice president and CFO, expanding his responsibilities across the business.
Sanfilippo Jr. is currently the company’s president, COO and secretary.
According to a filing with the US Securities and Exchange Commission, he has worked at the company since 1991. He has been the president and COO since November 2006, and joined the board in December 2003.
The filing also said he is the brother of Jeffrey Sanfilippo.
Jeffrey Sanfilippo said the changes followed a planned succession process. “Jasper is an exceptional leader with deep operational expertise, has a strong strategic mindset, and a proven track record of execution,” he said.
“I look forward to supporting Jasper in his transition from COO to CEO and I have full confidence in his ability to lead us into our next phase of success and growth.”
Sanfilippo Jr. added: “It is an honour to succeed Jeffrey as CEO and continue the family legacy of running the company and to build on the strong foundation Jeffrey has established.”
Pellegrino, who has been with John B. Sanfilippo & Son since 2007, became executive vice president of finance and administration in 2020 and CFO in 2021, according to the filing.
Jeffrey Sanfilippo said Pellegrino had been “a critical partner in supporting our financial discipline, guiding our strategic direction and the execution of our strategic priorities”.
Pellegrino added: “I am excited to take on this expanded role and continue partnering with Jasper and our leadership team to execute on our strategic priorities and drive sustainable growth.”
John B. Sanfilippo & Son markets nut, dried-fruit and snack-bar products under brands including Fisher, Orchard Valley Harvest, Squirrel Brand and Southern Style Nuts. It also supplies private label.
Reporting its third-quarter and nine-month results in April, the company said year-to-date volumes fell 3.7%.
However, sales rose 6.8% to $895.2m over the nine months.
Diluted EPS increased 17.6% to $4.55. Net income was $53.5m versus $45.4m over the first nine months of fiscal 2025.
