The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good Foods”
or the “Company”), a developer, marketer and seller of branded
nutritional foods and snacking products under the Quest™ and
Atkins™ brands, today announced changes to its leadership team
structure to better support its near and long-term growth
objectives. The intent of the change is to promote enhanced support
for the Company’s commitment to deliver consistent growth and
continuous product innovation across the immediate, mid-range, and
long-term horizons, while maintaining operational excellence.
Stuart Heflin, a driving force behind the Quest
brand's success since the 2019 acquisition, will continue his
outstanding marketing and brand leadership as Senior Vice President
and General Manager, Quest marketing. In this role, Mr. Heflin will
take full ownership of Quest brand performance and will oversee all
of Quest’s marketing and growth initiatives as well as other brand
priorities to further strengthen Quest’s leadership position in the
nutritional snacking category.
Simply Good Foods is also excited to welcome
Ryan Thomas as the new Senior Vice President and General Manager,
Atkins marketing. Mr. Thomas brings a wealth of experience, having
previously served as Chief Commercial Officer of Post Holdings’ Pet
Food business that it acquired from The J.M. Smucker Company on
April 28, 2023. Mr. Thomas is a seasoned packaged goods leader and
has held pivotal roles in leading portfolios and revitalizing
brands at The J.M. Smucker Company, Big Heart Pet Brands and
Campbell’s. Additionally, he has deep expertise across brand and
strategy development, innovation and marketing communications. In
his new capacity, Mr. Thomas will take full accountability for the
Atkins brand performance and for reshaping the strategy and growth
trajectory of the brand.
The Company has also appointed Linda Zink, an
accomplished executive team member, as Chief Growth Officer. Ms.
Zink, currently serving as the Company's Chief Marketing Officer,
has played an instrumental role in Simply Good Foods' success. Her
insights have provided invaluable guidance to both the Quest and
Atkins brands. In her new capacity, Ms. Zink will cultivate
category insights and multi-year innovation across all product
forms, helping to shape Simply Good Foods’ longer-term product
portfolio choices and strategy.
All three leaders will sit on the Executive
Leadership Team and report directly to Geoff Tanner, President and
Chief Executive Officer.
“Collectively, these strategic leadership
changes signify Simply Good Foods’ commitment to driving growth
both now and in the future,” stated Geoff Tanner, President and
CEO. “With these changes, we are balancing executional excellence
with long-term growth. I believe the company is poised to elevate
its position as a trusted leader in the nutritional snacking
category, backed by a team of visionary leaders dedicated to
driving growth and pushing boundaries.”
About The Simply Good Foods
Company
The Simply Good Foods Company (Nasdaq: SMPL),
headquartered in Denver, Colorado, is a consumer packaged food and
beverage company that aims to lead the nutritious snacking movement
with trusted brands that offer a variety of convenient, innovative,
great-tasting, better-for-you snacks and meal replacements, and
other product offerings. The product portfolio we develop, market
and sell consists primarily of protein bars, ready-to-drink (“RTD”)
shakes, sweet and salty snacks and confectionery products marketed
under the Atkins®, Atkins Endulge®, Quest® and Quest Hero™ brand
names. Simply Good Foods is poised to expand its wellness platform
through innovation and organic growth along with acquisition
opportunities in the nutritional snacking space. For more
information, please refer to
http://www.thesimplygoodfoodscompany.com.
Forward Looking Statements
Certain statements made herein are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by or include words such as “will”, “expect”, “intends”
or other similar words, phrases or expressions. These statements
relate to future events or our future financial or operational
performance and involve known and unknown risks, uncertainties and
other factors that could cause our actual results, levels of
activity, performance or achievement to differ materially from
those expressed or implied by these forward-looking statements. We
caution that these forward-looking statements are not guarantees of
future performance and involve risks, uncertainties and assumptions
that are difficult to predict. Undue reliance should not be placed
on forward-looking statements. These statements reflect our current
views with respect to future events, are based on assumptions and
are subject to risks and uncertainties. These forward-looking
statements include, among other things, statements regarding the
effect of the novel coronavirus (“COVID-19”) on our business,
financial condition and results of operations, our ability to
continue to operate at a profit, the sufficiency of our sources of
liquidity and capital, our ability to maintain current operation
levels, our ability to maintain and gain market acceptance for our
products or new products, our ability to capitalize on attractive
opportunities, our ability to respond to competition and changes in
the economy, unexpected costs, the amounts of or changes with
respect to certain anticipated restructuring, raw materials and
other costs, difficulties and delays in achieving the synergies and
cost savings in connection with the Quest Acquisition, changes in
the business environment in which we operate including general
financial, economic, capital market, regulatory and political
conditions affecting us and the industry in which we operate,
unforeseen business disruptions or other effects due to current
global geopolitical tensions, including relating to Ukraine,
changes in consumer preferences and purchasing habits, our ability
to maintain adequate product inventory levels to timely supply
customer orders, changes in taxes, tariffs, duties, governmental
laws and regulations, the availability of or competition for other
brands, assets or other opportunities for investment by us or to
expand our business, competitive product and pricing activity,
difficulties of managing growth profitably, the loss of one or more
members of our management team, expansion of our wellness platform
and other risks and uncertainties indicated in the Company’s Form
10-K, Form 10-Q, and Form 8-K reports (including all amendments to
those reports) filed with the U.S. Securities and Exchange
Commission from time to time. In addition, forward-looking
statements provide the Company’s expectations, plans or forecasts
of future events and views as of the date of this communication.
Except as required by law, the Company undertakes no obligation to
update such statements to reflect events or circumstances arising
after such date and cautions investors not to place undue reliance
on any such forward-looking statements. These forward-looking
statements should not be relied upon as representing the Company’s
assessments as of any date subsequent to the date of this
communication.
Investor ContactMark
PogharianVice President, Investor Relations, Treasury and Business
DevelopmentThe Simply Good Foods Company(720)
768-2681mpogharian@simplygoodfoodsco.com
Media ContactJennifer
LivingstonDirector, PR & Social MediaThe Simply Good Foods
Company(303) 620-8148jlivingston@simplygoodfoodsco.com
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