HANOVER, Pa.–(Business enterprise WIRE)–Utz Models, Inc. (NYSE: UTZ) (“Utz” or the Company”), a major U.S. company of branded salty treats, currently declared various changes to its Government Management Group. Today’s announcements reflect the Company’s ongoing system of analyzing abilities essential in its administration workforce to much better position Utz for its subsequent stage of growth.
“As we evolve as a public organization, we will carry on to greatly enhance Utz’s management staff to speed up our ability to expand and reinforce our group,” explained Dylan Lissette, Chief Government Officer of Utz. “Our collective goal is to create extensive-phrase benefit for our stakeholders, and we are uniquely positioned to capitalize on expansion chances for our Ability Models when also maximizing profitability by way of our price generation initiatives. We believe that today’s announcements give the Firm with the optimum organizational framework to execute versus our approach, and will very best placement Utz to provide on its motivation to be the speediest-growing, pure-participate in branded salty snack enterprise of scale in the U.S.”
These days the Firm declared the adhering to improvements to its Govt Administration Group:
Cary Devore has been appointed Govt Vice President and Main Running Officer, a new situation within Utz, efficient Oct 4, 2021. Mr. Devore is at present the Company’s Main Economical Officer and will go on to report to Dylan Lissette, Main Govt Officer of Utz. As Main Working Officer, Mr. Devore will get the job done throughout the firm to aid drive earnings advancement, productiveness, and operational excellence. In addition, he will proceed to travel the Company’s strategic company initiatives which include mergers and acquisitions, money marketplaces, as very well as go on to provide oversight for the Venture Management Business office, which manages the implementation of value development and acquisition integration initiatives.
- Cary joined Utz in 2016 as a Board Member as part of a minority fairness financial commitment into Utz and transitioned to a complete-time operational job in 2017. From 2016 to 2019, Cary worked closely with Mr. Lissette on driving M&A (completing eight acquisitions collectively), benefit development and group advancement, as Utz continued its nationwide expansion and designed out its capabilities. In 2019, Cary grew to become EVP and CFO, the place he targeted on main the Company’s merger with Collier Creek Holdings and its remarkably thriving changeover to a public enterprise.
Ajay Kataria has been appointed Executive Vice President and Chief Financial Officer, effective October 4, 2021. Mr. Kataria is at the moment the Company’s Govt Vice President of Finance and Accounting and will report to Mr. Lissette. Mr. Kataria is a international purchaser merchandise finance leader with a lot more than 20 years of experience. As CFO, he will believe accountability of Accounting, Tax and Trader Relations, in addition to the business enterprise spouse groups and Details Technological know-how purpose, that he oversees today.
- Ajay joined Utz in 2017 and has been instrumental in setting up out the Company’s FP&A, Professional Finance, and Source Chain Finance teams, as perfectly as overseeing the IT purpose, and playing a management function in migrating to a new entirely built-in ERP infrastructure. In addition, Ajay has been a essential contributor to Utz’s M&A integrations and assisted guide the Accounting workforce by way of the Company’s public listing method. Ajay joined Utz from Armstrong Flooring, Inc. (NYSE: AFI), where he served as Vice President, Global Finance and System, and led all facets of small business finance and technique, like worldwide finance teams throughout Asia and Australia. Prior to Armstrong, Ajay was with Chobani as Vice President, Finance, where he played a sizeable function as part of the team brought in by a personal equity trader. Prior to that, Ajay spent a 10 years with PepsiCo, Inc. (NASDAQ: PEP), in which he held more and more elaborate finance roles in big regional and nationwide Immediate Retail outlet Supply (“DSD”) functions in just the U.S. beverage business.
- Jim Sponaugle has been appointed Executive Vice President and Main Persons Officer, productive October 4, 2021. Mr. Sponaugle is at present the Company’s Senior Vice President of Human Sources and Personnel Enhancement and will continue on to report to Mr. Lissette in his new purpose. Jim joined Utz in early 2020 and was instrumental in guiding the Enterprise via the COVID-19 pandemic, although he also aided to build the Company’s corporate governance and compliance framework as a newly general public firm. Jim is passionate about positioning Utz for a much better long term concentrated on expertise enhancement as the Enterprise continues to develop.
- Todd Staub, Government Vice President and Main Administrative Officer, has introduced his intention to retire productive January 3, 2022. Mr. Staub has a great background at Utz, encouraging to expand the Enterprise more than the previous 25 several years from $100 million in profits to about $1 billion today. Todd’s contributions consist of Controller, Chief Fiscal Officer, and at some point the marketing to Government Vice President & Chief Administrative Officer in 2017. Todd has graciously offered Utz significant observe of his potential retirement to assure a sleek changeover, and the Firm many thanks Todd for his unbelievable contributions for the duration of his productive tenure at Utz.
Utz Makes snack foodstuff can be discovered in foremost stores across the U.S. or readily available on the internet at Utzsnacks.com. Join the dialogue on Facebook, Instagram, and Twitter employing @UtzSnacks.
About Utz Brands, Inc.
Utz Makes, Inc. (NYSE: UTZ) manufactures a diverse portfolio of savory treats by means of well known manufacturers which includes Utz®, ON THE BORDER® Chips & Dips, Golden Flake®, Zapp’s®, Excellent Health and fitness®, Boulder Canyon®, Hawaiian® Brand, and TORTIYAHS!®, among the other people.
Just after a century with strong loved ones heritage, Utz proceeds to have a passion for exciting and delighting buyers with tasty snack foodstuff made from top rated-good quality components. Utz’s merchandise are dispersed nationally by way of grocery, mass merchandisers, club, advantage, drug and other channels. Primarily based in Hanover, Pennsylvania, Utz operates fifteen amenities positioned in Pennsylvania, Alabama, Arizona, Illinois, Indiana, Louisiana, Massachusetts, Michigan and Washington. For extra details, make sure you check out www.utzsnacks.com or call 1‐800‐FOR‐SNAX.