Freshpet, Inc. Announces Manufacturing Leadership Transition
July 19 2021 - 8:00AM
Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today
announced that Stephen Weise, Executive Vice President of
Manufacturing & Supply Chain, will begin a transition to
retirement, which is anticipated at the end of 2022. Mr. Weise will
continue to lead incremental production capacity planning and
certain other manufacturing responsibilities through the end of
2021 and then focus exclusively on incremental capacity planning
during 2022 until his retirement. Mr. Weise will continue to serve
on our leadership team during this time.
Chris Taranto, Vice President of Supply Chain,
will assume responsibility for the Company’s logistics operation,
and Ricardo Moreno, Vice President of Manufacturing, will maintain
oversight of the manufacturing operations at its Freshpet Kitchens.
Both Mr. Taranto and Mr. Moreno will report directly to Billy Cyr,
Chief Executive Officer.
“No single person could replace what Steve has
done for Freshpet and we are so grateful for his many years of
service. During his tenure, we have grown our net sales by almost
4x and by the time he fully retires next year we will have
installed more than $1 billion in net sales capacity. We are
incredibly grateful to him for his leadership and willingness to
help our organization execute an orderly transition during this
important time in our growth cycle,” said Billy Cyr, Freshpet’s
Chief Executive Officer. “Ricardo Moreno, whom we hired last year
as a key part of our succession planning, is now fully prepared to
take on all the day-to-day manufacturing operations as VP of
Manufacturing and Chris Taranto, VP of Supply Chain, will add
logistics to his responsibilities. We are fortunate to have built a
deep bench that has the capability to step into these important
roles while Steve will retain responsibility for long-term capacity
planning until his full retirement at the end of next year
2022.”
About Freshpet
Freshpet’s mission is to improve the lives of
dogs and cats through the power of fresh, real food. Freshpet foods
are blends of fresh meats, vegetables and fruits farmed locally and
made at our Freshpet Kitchens. We thoughtfully prepare our
foods using natural ingredients, cooking them in small batches at
lower temperatures to preserve the natural goodness of the
ingredients. Freshpet foods and treats are kept refrigerated from
the moment they are made until they arrive at Freshpet Fridges in
your local market.
Our foods are available in select mass, grocery
(including online), natural food, club, and pet specialty retailers
across the United States, Canada and Europe. From the care we take
to source our ingredients and make our food, to the moment it
reaches your home, our integrity, transparency and social
responsibility are the way we like to run our business. To learn
more, visit www.freshpet.com.
Connect with Freshpet:
https://www.facebook.com/Freshpet
https://twitter.com/Freshpet
http://instagram.com/Freshpet
http://pinterest.com/Freshpet
https://en.wikipedia.org/wiki/Freshpet
https://www.youtube.com/user/freshpet400
Forward Looking Statements
Certain statements in this release constitute
“forward-looking” statements. These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements, including our
statements around our future net sales capacity and any related
risks associated with implementing our growth strategy, such as our
limited manufacturing capacity, our ability to bring new production
facilities online and any delays in our expansion plans, are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results or events
could differ materially from those stated, anticipated or implied
by such forward-looking statements. Such forward-looking statements
are made only as of the date of this release. Freshpet undertakes
no obligation to publicly update or revise any forward-looking
statement because of new information, future events or otherwise,
except as otherwise required by law. If we do update one or more
forward-looking statements, no inference should be made that we
will make additional updates with respect to those or other
forward-looking statements.
ContactICRJeff
Sonnek646-277-1263jeff.sonnek@icrinc.com
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