Darcy Davenport, the president and CEO of BellRing Brands, is planning to leave the US sports-nutrition group.
The news came alongside the publication of the company's first-quarter results for its 2026 financial year.
Davenport will step down by the end of September or once a new chief executive officer is appointed, BellRing Brands said in a statement today (3 February).
She will remain in her position and a member of the board until the transition takes place and will continue to work in an advisory position. The group said it had started a search for its next CEO.
BellRing Brands' chairman Rob Vitale said: “Under Darcy’s leadership, BellRing has built a portfolio of category-leading products, expanded key customer relationships and laid a strong foundation for long-term growth. We appreciate her continued leadership through this transition and look forward to working with her in an advisory capacity to continue to help shape our strategy.”
Davenport took on the CEO role in 2019, following an eight-year stint at Premier Nutrition, which was acquired by Post Holdings in 2014 into its Active Nutrition division. Post Holdings spun off the unit, renaming it BellRing Brands in 2019.
The departing CEO added: "As the board conducts its search, I remain focused on achieving our fiscal 2026 objectives and continuing to execute on our strategic priorities. The foundation of BellRing is strong, and I look forward to helping the board and the company’s new CEO advance toward its next chapter of growth.”
In the three months ended 31 December, BellRing Brands saw net sales rise 1% to $537.3 million.
Operating profit dropped nearly 32% to $78.5m, attributed to lower gross margins, while adjusted EBITDA declined almost 30% to $90.3m.
The group's first-quarter results also included a slight narrowing of its guidance for earnings and sales.
For 2026, the group now expects to achieve between $2.41-$2.46bn in net sales and between 4-6% in net sales growth. BellRing had previously forecast $2.41-$2.49bn in net sales and 4-8% net sales growth.
It had also previously guided for adjusted EBITDA to sit in the $425-$455m range. It now expects the upper end of this range to be $440m.
