Last updated on March 24th, 2016 at 10:32 am
Pinnacle Foods’ CEO Robert J. “Bob” Gamgort will leave the company at the end of April and become CEO of Keurig Green Mountain in Waterbury, Vermont.
Gamgort, who also is a board member, has served as CEO of Parsippany, New Jersey-based Pinnacle since July 2009. The Pinnacle board is seeking a new CEO, evaluating both internal and external candidates, and expects the process to “conclude in time for a seamless transition with Gamgort.”
Pinnacle Chairman Roger K. Deromedi said of Gamgort: “Bob has been an outstanding CEO since 2009, having led the organization from private to public ownership. The clarity of Pinnacle’s strategy, combined with the strength of both its leadership team and Board of Directors, gives me confidence in our ability to deliver attractive shareholder returns, including our expectation for another strong year in 2016. While we are disappointed that Bob will be leaving Pinnacle, we thank him for his years of leadership that have positioned the company for continued success and wish him well in his new role.”
Keurig Green Mountain is a leader in single-serve coffee and beverage technologies. The company recently was acquired by a JAB Holding Co.-led consortium.
Gamgort said, “The decision to leave Pinnacle is a difficult one, as I am very proud of the unique business model that we have developed and the significant value that we have created for all stakeholders. I am most proud, however, of the strong management team and Board of Directors that we have built, as they will continue to drive Pinnacle’s future success. Finally, I have great confidence that my significant investment in Pinnacle is in capable hands…”
Pinnacle Foods is a producer, marketer and distributor of branded food products. Brands include Duncan Hines, Vlasic, Wish-Bone, Mrs. Butterworth’s, Log Cabin, Armour, Comstock, Birds Eye, Van de Kamp’s, Mrs. Paul’s, Snyder of Berlin, Udi’s Gluten Free and EVOL Foods.
