TreeHouse Foods’ Efficiency Drive Eliminates an EVP and 150 Jobs
TreeHouse Foods is eliminating its chief commercial officer role and planning for the elimination of 150 corporate support jobs, all in the name of operational efficiency.
Scott Tassani, an executive vice president, business president and chief commercial officer, will leave May 30; his duties will be absorbed by other senior leaders. In addition, the company will be centralizing and reorganizing its corporate support functions, which will lead to the elimination of approximately 150 roles.
“The company's actions span organizational changes as well as additional margin management and cost control initiatives,” said an April 10 statement.
TreeHouse, primarily a maker of private label products, on Feb. 14 published its fourth-quarter and full-year financial results, which showed a $77.6 million decrease in sales for 2024, to $3.354 billion. Net income was halved, to $27 million from $53 million in 2023. The biggest negative impacts were pricing (-1.7%) and facilities restoration (-1.5%); volume was down 0.1%.
For several years, TreeHouse was shedding assets but its only activity in 2024 was an acquisition, Harris Tea, for which it paid $205 million, and at the end of 2023 it added pickled condiment brands from J.M. Smucker Co. for $20 million.
The company reaffirmed its financial guidance for 2025 of adjusted annual net sales in the range of $3.34-3.40 billion and adjusted EBITDA from continuing operations in a range of $345-375 million.
On the subject of tariffs, the company said sales from customers outside of the U.S. were just 5% in 2024, with almost all occurring in Canada. And nearly all the company's finished goods comply with the U.S.-Mexico-Canada free trade agreement.
About the Author
Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.