The CEO of B&G Foods has resigned, about a year and a half after taking the job.
Kenneth Romanzi, who was promoted to the top spot from executive VP and COO in April 2019, announced Nov. 16 that he is leaving to pursue “personal interests.” His job will be temporarily filled by David Wenner, a company board member who was president and CEO from 1993 to 2014. A committee appointed by the board will look for a new CEO.
In a statement, board chairman Stephen Sherrill said that B&G Foods has shown strong financial results under Romanzi’s leadership, especially during the pandemic, but added, “All in all, we believe this is a good time to make a leadership transition and we are very fortunate that our former long-time CEO Dave Wenner, who has continued to serve on our Board of Directors, is now available and has agreed to help lead our company while we search for our next CEO.”
B&G, with its portfolio of basic foods like Green Giant vegetables and Cream of Wheat hot cereal, benefited from the change in consumption patterns brought about by the pandemic. In its most recent quarter, year-over-year sales went up 38%, and net income 145%.