B&G Foods, Inc. announced that Robert C. Cantwell, the company's Chief Executive Officer has notified the Board of Directors that he plans to retire on April 5, 2019. Mr. Cantwell's retirement will bring to a close a remarkable career of more than 35 years of continuous service to B&G Foods, including approximately 23 years of leadership as Executive Vice President of Finance and Chief Financial Officer and more than four years of leadership as President and Chief Executive Officer. Following his retirement, it is expected that Mr. Cantwell, who turns 62 later this week, will continue to advise the Company on M&A and capital markets transactions. In accordance with a succession plan established in 2017, B&G Foods' Board of Directors has appointed Kenneth G. Romanzi, age 59, who currently serves as the Company's Executive Vice President and Chief Operating Officer, as the Company's next President and Chief Executive Officer, effective upon Mr. Cantwell's retirement. At such time, Mr. Romanzi will also replace Mr. Cantwell on the Board of Directors. During the past year, Ken has demonstrated that he has the experience and leadership skills to successfully lead B&G Foods to its next phase of growth.
B&G Foods, Inc. manufactures, sells and distributes branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. Its products include frozen and canned vegetables, vegetable, canola and other cooking oils, vegetable shortening, cooking sprays, oatmeal and other hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, and other specialty products. It operates in four segments: Specialty, Meals, Frozen & Vegetables and Spices & Flavor Solutions. Its products are marketed under various brands, including Ac'cent, B&G, B&M, Baker's Joy, Bear Creek Country Kitchens, Brer Rabbit, Canoleo, Cary's, Clabber Girl, Cream of Rice, Cream of Wheat, Crisco, Dash, Davis, Devonsheer, Don Pepino, Durkee, Grandma's Molasses, Green Giant, Joan of Arc, Las Palmas, Le Sueur, MacDonald's, Mama Mary's, Maple Grove Farms of Vermont, McCann's, Molly McButter, New York Flatbreads, New York Style, Old London, Polaner, and Wright's.