Hostess Brands, Inc. Welcomes Two New Members to Board of Directors
April 26 2021 - 8:00AM
Business Wire
Hostess Brands, Inc. (Nasdaq: TWNK, TWNKW) (the “Company”), a
leading manufacturer and marketer of snacks including Twinkies®,
CupCakes, Ding Dongs®, Donettes®, Voortman® wafers and cookies and
a variety of other new and classic treats, announced today the
appointment of Olu Beck and Hugh G. Dineen to the Company’s Board
of Directors.
“We are thrilled to welcome Olu and Hugh to our board as we
continue to advance our strategic agenda,” said Jerry Kaminski,
Chairman of the Board of Directors for the Company. “They each are
accomplished consumer packaged goods veterans with over 40 years of
combined industry experience and knowledge and a track record of
driving results and accelerating growth through successful consumer
and brand building strategies. We believe their experiences will
serve the Company and our stockholders well.”
Olu Beck is the Founder and Chief Executive Officer of The Beck
Group NJ, a boutique advisory and consulting firm driving value
creation in private equity-backed small and mid-size
consumer-packaged goods companies. She previously served as CEO and
member of the Board of Directors of Wholesome Sweeteners Inc., a
maker of consumer-packaged organic condiments and snacks, and has
held senior executive positions at Johnson & Johnson and Mars
Incorporated. She currently serves on the Board and Audit Committee
of Freshpet Inc.
Hugh Dineen served as the Senior Vice President and Chief
Marketing Officer of MetLife US and of MetLife Global Investment
Management until December 2020, where he was responsible for
leading all marketing efforts for over 50% of MetLife globally and
overseeing the building of a highly productive digital ecosystem
and digital demand driving strategy. Prior to MetLife, he was
Global Vice President, Beauty Categories at Avon Products. Hugh
also spent 20+ years in various senior executive positions at
Johnson & Johnson and Procter & Gamble. He currently serves
on a strategic advisory board for Abbott Laboratories.
“The deep expertise of Olu and Hugh in the consumer packaged
goods industry will help the Company continue to improve and
thrive, as we remain focused on establishing new platforms for
incremental growth, both organic and through acquisitions,” said
Andy Callahan, the Company's President and Chief Executive Officer.
“We have a strong board in place as we continue to drive growth
momentum with the aim of increasing stockholder value over the
long-term.”
About Hostess Brands, Inc.
Hostess Brands, Inc. is a leading packaged food company focused
on developing, manufacturing, marketing, selling and distributing
snack products in North America. The Hostess® brand's history dates
back to 1919, when the Hostess® CupCake was introduced to the
public, followed by Twinkies® in 1930. Today, the Company produces
a variety of new and classic treats in addition to Twinkies® and
CupCakes, including Donettes®, Ding Dongs®, Zingers®, Danishes,
Honey Buns and Coffee Cakes. In January 2020, the Company acquired
Voortman Cookies Limited which produces a variety of cookies and
wafers products, including sugar-free products under the Voortman®
brand. For more information about Hostess® products and Hostess
Brands, please visit hostesscakes.com. Follow Hostess on Twitter:
@Hostess_Snacks; on Facebook: facebook.com/Hostess; on Instagram:
Hostess_Snacks; and on Pinterest: pinterest.com/hostesscakes.
Forward-Looking Statements
This press release contains statements reflecting the Company’s
views about its future performance that constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended, that involve substantial risks and
uncertainties. Forward-looking statements are generally identified
through the inclusion of words such as “believes,” “expects,”
“intends,” “estimates,” “projects,” “anticipates,” “will,” “plan,”
“may,” “should,” or similar language. Statements addressing events
and developments that the Company expects or anticipates will occur
are also considered as forward-looking statements. All
forward-looking statements included herein are made only as of the
date hereof.
These statements inherently involve risks and uncertainties that
could cause actual results to differ materially from those
anticipated in such forward-looking statements. These risks and
uncertainties include, but are not limited to, maintaining,
extending and expanding the Company's reputation and brand image;
protecting intellectual property rights; leveraging the Company's
brand value to compete against lower-priced alternative brands;
correctly predicting, identifying and interpreting changes in
consumer preferences and demand and offering new products to meet
those changes; operating in a highly competitive industry; the
continued ability to produce and successfully market products with
extended shelf life; the ability to pass cost increases on to our
customers; the ability to maintain or add additional shelf or
retail space for the Company's products; our ability to identify or
complete strategic acquisitions, alliances, divestitures or joint
ventures; our ability to successfully integrate, achieve expected
synergies and manage our acquired businesses and brands; the
ability to drive revenue growth in key products or add products
that are faster-growing and more profitable; adverse impact or
disruption to our business caused by COVID-19 or future outbreaks
of highly infectious or contagious diseases; volatility in
commodity, energy, and other input prices and the ability to adjust
pricing to cover increased costs; significant changes in the
availability and pricing of transportation; dependence on major
customers; increased labor and employee related costs; strikes or
work stoppages; product liability claims, product recalls, or
regulatory enforcement actions; dependence on third parties for
significant services; unanticipated business disruptions;
geographic focus could make the Company particularly vulnerable to
economic and other events and trends in North America;
consolidation of retail customers; unsuccessful implementation of
business strategies to reduce costs; increased costs to comply with
governmental regulation; failures, unavailability, or disruptions
of the Company's information technology systems; dependence on key
personnel or a highly skilled and diverse workforce; the Company's
ability to finance indebtedness on terms favorable to the Company;
and other risks as set forth from time to time in the Company's
Securities and Exchange Commission filings.
As a result of a number of known and unknown risks and
uncertainties, the Company's actual results or performance may be
materially different from those expressed or implied by these
forward-looking statements. Risks and uncertainties are identified
and discussed in Item 1A-Risk Factors in the Company's Annual
Report on Form 10-K for 2020 filed on February 24, 2021. All
subsequent written or oral forward-looking statements attributable
to us or persons acting on the Company's behalf are expressly
qualified in their entirety by these risk factors. The Company
undertakes no obligation to update any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210426005247/en/
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mespinel@lakpr.com
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