US baked goods group Flowers Foods has named R. Steve Kinsey as senior vice president and CFO.
Kinsey succeeds Jimmy Woodward, who is to retire from the company with effect from 15 September.
Kinsey was previously vice president and corporate controller, having joined Flower Foods in 1989 as a tax associate. He was promoted to tax manager in 1994, named director of tax in 1998, and has served as controller since 2002.
Woodward is to continue to serve in an advisory capacity for financial and related matters, the company said.
“The strength of our management succession is evident in Steve Kinsey’s appointment,” said chairman, CEO and president George Deese. “Steve has been with the company for 18 years and is well prepared to step into the position of chief financial officer.”
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Deese also paid tribute to Woodward how is stepping down for family reasons. “Jimmy Woodward has been a valued member of our management team since 1985 and has served as CFO since 2000,” he said. “In that role, he guided our company’s financial strategy, helped create our strong balance sheet, and enhanced our accounting systems as needs changed with recent regulatory requirements.”