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B&G Foods CEO Robert Cantwell to Step Down this April

February 8, 2019

B&G Foods – the owner of American food brands like Green Giant, Ortega, and Cream of Wheat – announced that its president and chief executive officer Robert “Bob” C. Cantwell will step down from his role on April 5 this year, retiring after 35 years of service with the company. 

“During Mr. Cantwell’s tenure, B&G Foods has completed more than 20 acquisitions and grown from a small, regional pickle company to a leading public food company with a diverse portfolio of iconic brands,” Stephen C. Sherrill, chairman of the company’s board, said in a press release. “As chief executive officer over the last four years, Mr. Cantwell has transformed B&G Foods by completing six acquisitions, including the Green Giant acquisition and the spices & seasonings acquisition.”

Cantwell served as executive vice president of finance and chief financial officer before being promoted to president and chief executive officer four years ago. The executive is leaving the company to retire, but plans to remain affiliated with B&G Foods as an advisor on mergers and acquisitions and capital markets transactions. 

Kenneth G. Romanzi was named president and chief executive officer by the company’s board of directors. He will also take on a position on B&G Foods’ board. 

“During the past year, Ken has demonstrated that he has the experience and leadership skills to successfully lead B&G Foods into the future. I look forward to continuing to work with Ken and B&G Foods’ strong M&A and capital markets transactions team, led by chief financial officer Bruce Wacha and general counsel Scott Lerner, to help B&G Foods achieve its long-term growth objectives,” Cantwell said in a statement.

Prior to joining B&G Foods in 2017 as executive vice president and chief operating officer, Romanzi held the role of president, fresh foods at WhiteWave Foods Corp. and served as chief operating officer, global brands and senior vice president of Ocean Spray’s North American food and beverage business. He also has held senior roles at Hasbro Inc., Nabisco, Ultimate Juice Company, and Frito-Lay Inc.

B&G Foods is based in Parsippany, NJ. 

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