David Wenner has decided to step down as president and CEO of B&G Foods after over two decades at the US food group.
Wenner, who has worked for B&G for 25 years, with 21 leading the company, will retire from the roles in December but will stay on its board.
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“As appealing as it is to continue to be part of this remarkable company, I turn 65 in October. I feel that this milestone in my life signals the right time to make a change for myself and my family,” Wenner says. “After over twenty years of my leadership, it also seems an appropriate time to transition B&G Foods to new leadership.”
B&G chairman Stephen Sherrill said Wenner had made “innumerable contributions” to the business.
“Under Dave Wenner’s leadership, B&G Foods has evolved from a small, regional pickle company to a leading public food company with a diverse portfolio of iconic brands, net sales quickly approaching $900m and an enterprise value in excess of $2.5bn,” Sherrill said.
B&G said it would consider candidates within and outside the business to replace Wenner.
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By GlobalData
