B&G Foods Selects Bob Cantwell As Its Next President And CEO

B&G Foods, Inc.

announced today that it has appointed Robert C. Cantwell, age 57, as its next President and Chief Executive Officer, effective January 1, 2015. Mr. Cantwell, who currently serves as B&G Foods' Executive Vice President of Finance and Chief Financial Officer, will succeed David L. Wenner, age 64, who, as announced earlier this year, plans to retire at year end. Mr. Wenner is expected to remain on the Board of Directors. The company has immediately commenced a search for a new Executive Vice President of Finance and Chief Financial Officer. “Bob Cantwell has been a key member of our management team for more than 30 years. His strong leadership skills, breadth of experience, financial expertise, integrity and passion for our business have been invaluable as B&G Foods has grown from a small, regional pickle company to a leading public food company with a diverse portfolio of iconic brands,” said Stephen C. Sherrill, Chairman of the Board of Directors. “Bob's long list of accomplishments, including in mergers & acquisitions, capital markets transactions, operational improvements and cost reduction efforts, has helped lead to tremendous value creation for B&G Foods' stockholders over the years in the form of dividends and stock price appreciation. Bob Cantwell is uniquely qualified to be the next CEO of B&G Foods and to lead the company through its next phase of growth.” “I have worked alongside Bob for 25 years and could not think of a better CEO for the Company. Bob's intimate knowledge of our business and operating disciplines make him well qualified for the position,” said Dave Wenner, President and Chief Executive Officer. “I look forward to remaining on the Board and continuing to work with Bob.” Mr. Cantwell joined B&G Foods in 1983 as the Assistant Vice President of Finance. In that position, Mr. Cantwell had responsibility for all financial reporting and budgeting. Mr. Cantwell was promoted to his current position in 1991, assuming full responsibility for all financial matters, as well as management information systems, data processing, administration and corporate human resources. Prior to joining B&G Foods, Mr. Cantwell spent four years at Deloitte & Touche LLP, where he received accreditation as a certified public accountant. Mr. Cantwell has served on the Board of Directors of B&G Foods since 2005.