PARSIPPANY, N.J. — William F. Herbes, executive vice-president of operations at B&G Foods, Inc., plans to retire at the finish of the year following 10 years with the firm. His departure represents but yet another transform in the company’s leadership group.
In April, longtime leader Robert C. Cantwell is set to retire as president and chief executive officer. He will be replaced by Kenneth G. Romanzi.
Commenting on Mr. Herbes’ retirement, Mr. Cantwell mentioned, “Bill has been a tremendous contributor to B&G Foods’ development more than the previous 10 years. Given that assuming duty for our provide chain and manufacturing operations in 2009, our company’s net sales have additional than tripled and our domestic and international sourcing and manufacturing operations and capabilities have tremendously expanded.
“Mr. Herbes has played an integral part in our development, like by way of post-M.&A. integration of several manufacturing facilities, distribution centers and co-pack arrangements, like B&G Foods’ two biggest manufacturing facilities. Beneath Bill’s sturdy leadership, we also effectively established a frozen distribution network following our acquisition of the Green Giant brand and effectively outsourced our shelf-steady distribution network to a third-celebration logistics provider. More than the years, Bill has also played a crucial part in our expense savings initiatives. I am pretty pleased that Bill will continue with B&G Foods by way of the remainder of 2019 and want him the finest of luck in his retirement.”
Mr. Romanzi added, “It has been a privilege to perform with Bill, and I am delighted that Bill has agreed to stay with B&G Foods by way of year finish and companion with Erich Fritz, our executive vice-president and chief provide chain officer, to continue to evolve our operations to grow to be even additional effective and expense efficient.”
In late February, B&G Foods announced a leaner management structure as component of bigger efforts to manage charges. Alterations incorporate the retirement of Vanessa E. Maskal, executive vice-president of sales and promoting. Mr. Fritz joined the firm as chief provide chain officer, and Jordan E. Greenberg and Ellen M. Schum have stepped up as chief industrial officer and chief client officer, respectively.
The leaner management structure, coupled with the elimination of positions that have been devoted to supporting the lately divested Pirate Brands enterprise, have been anticipated to cut down the common and administrative expense structure by about $7 million on an annual basis, Mr. Romanzi mentioned.