Inventure Foods, Inc. Announces Appointment of Dan Hammer as General Manager, Frozen Division
03 June 2014 - 6:05AM
Inventure Foods, Inc. (Nasdaq:SNAK), a leading specialty food
marketer and manufacturer, today announced the appointment of Dan
Hammer as General Manager, Frozen division, effective May 27, 2014.
In this newly created position, Mr. Hammer will oversee Inventure's
Frozen division, and will report to Terry McDaniel, President and
Chief Executive Officer.
"We are excited Dan joined our team with his extensive frozen
foods experience across all sales channels and product categories,"
said Terry McDaniel. "This marks another important step in our
investment in the growth of our Frozen division since the
acquisition of Fresh Frozen Foods. We look forward to Dan's
contributions that we believe will help further position us for
future growth across our frozen brand portfolio."
Mr. Hammer brings more than thirty years of general management
and sales and marketing experience to Inventure Foods. He has a
deep knowledge of the frozen food industry, retail and food service
distribution, brand positioning and new product innovation. Most
recently Mr. Hammer was Vice President of Marketing at Michael
Angelo's Gourmet Foods. From 2008 to 2011 he was Senior Vice
President of Marketing at Schwans Consumer Brands. Prior to that,
he worked at Conagra Foods, Unilever, Snyder's of Hanover and
Nestle Foods. Mr. Hammer earned a Bachelor of Business
Administration from the University of Notre Dame.
"I am excited to join Terry and the Inventure team in Phoenix,"
said Mr. Hammer. "Inventure Foods is the leader in an attractive
growing industry and I look forward to using my expertise to
further develop the frozen business and capitalize on the
tremendous opportunities for distribution and sales growth."
About Inventure Foods, Inc.
With manufacturing facilities in Arizona, Indiana, Washington,
Georgia and Oregon, Inventure Foods, Inc. (Nasdaq:SNAK) is a
marketer and manufacturer of specialty food brands in
better-for-you and indulgent categories under a variety of Company
owned and licensed brand names, including Boulder Canyon Natural
Foods®, Jamba®, Seattle's Best Coffee®, Rader Farms®, T.G.I.
Friday's™, Nathan's Famous®, Vidalia Brands®, Poore Brothers®, Tato
Skins®, Willamette Valley Fruit Company™ and Bob's Texas
Style®. For further information about Inventure Foods, please
visit www.inventurefoods.com.
Note Regarding Forward-looking Statements
This press release contains forward-looking statements,
including, but not limited to, our expectations regarding
delivering improved financial results and operating margin in
fiscal 2014, the ability to strengthen our core brand portfolios
and expand our health/natural product portfolios, the ability to
capitalize on our growth opportunities in the better-for-you and
snack food categories and to generate long-term sustainable growth
for stockholders, and the ability to achieve a record performance
in 2014 and capitalize on our growth opportunities. Because such
statements include risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Factors that may cause actual results
to differ from the forward-looking statements contained in this
press release and that may affect the Company's prospects in
general include, but are not limited to, general economic
conditions, increases in cost or availability of ingredients,
packaging, energy and employees, price competition and industry
consolidation, ability to execute strategic initiatives, product
recalls or safety concerns, disruptions of supply chain or
information technology systems, customer acceptance of new products
and changes in consumer preferences, food industry and regulatory
factors, interest rate risks, dependence upon major customers,
dependence upon existing and future license agreements, the
possibility that we will need additional financing due to future
operating losses or in order to implement the Company's business
strategy, acquisition and divestiture-related risks, the volatility
of the market price of the Company's common stock, and such other
factors as are described from time to time in the Company's filings
with the Securities and Exchange Commission. All
forward−looking statements are based on information available to
the Company as of the date of this news release, and the Company
assumes no obligation to update such statements.
CONTACT: Investor Relations:
Katie Turner
ICR, Inc.
Katie.Turner@icrinc.com
646-277-1246
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