Amplify Snack Brands, Inc. Appoints Seasoned Consumer Packaged Goods Executive, Malcolm Burns, as Senior Vice President & Man...
19 Oktober 2017 - 2:00PM
Business Wire
Amplify Snack Brands, Inc. (“Amplify” or the “Company”)
(NYSE:BETR), a leading marketer and manufacturer of branded
better-for-you snack food products, today announced the promotion
of Malcolm Burns to Senior Vice President and Managing Director
International, effective October 5, 2017. Mr. Burns joined Amplify
at the beginning of 2017 as Head of European Finance and has been
leading the International business in the capacity of interim
Managing Director since June.
“We are very pleased to announce Malcolm’s well deserved
promotion,” commented Tom Ennis, Amplify’s President and Chief
Executive Officer. “We have been impressed with the progress
Malcolm and the team have made during the last few months to create
and begin executing against a performance improvement plan for the
International business. His invaluable contributions to the
strategic and financial development of our international team
coupled with the strength and depth of his leading consumer
packaged goods experience truly set him apart as we evaluated both
internal and external candidates for this position, and we look
forward to his contributions as we build upon our growth potential
globally.”
Mr. Burns has extensive experience in leading international
consumer packaged goods businesses. He previously worked in a
variety of senior strategy and finance director roles in the UK,
Eastern Europe and Africa for Cadbury, Kraft Foods, Mondelez
International and British Sugar. Mr. Burns began his career in
accounting and audit roles at Ford Motor Company and Deloitte.
About Amplify Snack Brands, Inc.
Headquartered in Austin, Texas, Amplify Snack Brands is a high
growth snack food company focused on developing and marketing
products that appeal to consumers’ growing preference for
Better-For-You (BFY) snacks. Our brands SkinnyPop®, Tyrrells®,
Paqui®, Oatmega®, Lisa’s® Chips, The Wholesome Food Company™ and
Thomas Chipman™ embody our BFY mission of “snacking without
compromise” and have amassed a loyal customer base across a wide
range of food distribution channels in the United States, United
Kingdom, Canada, Europe and Australia. For additional information,
please visit: http://amplifysnackbrands.com.
Forward-Looking Statements
This press release contains certain forward-looking statements
regarding our company and our business. Forward-looking statements
generally relate to future events or our future financial or
operating performance. In some cases, you can identify
forward-looking statements because they contain words such as
“may”, “will”, “should”, “expects”, “plans”, “anticipates”,
“could”, “intends”, “target”, “projects”, “contemplates”,
“believes”, “estimates”, “predicts”, “potential” or “continue” or
the negative of these words or other similar terms or expressions
that concern our expectations, strategy, plans or intentions.
Forward-looking statements are subject to known and unknown risks
and uncertainties and are based on potentially inaccurate
assumptions that could cause actual results to differ materially
from those expected or implied by the forward-looking statements.
If any such risks or uncertainties materialize or if any of the
assumptions prove incorrect, our results could differ materially
from the results expressed or implied by the forward-looking
statements we make.
The important factors that could cause actual results to differ
materially from those in any forward-looking statements include,
but are not limited to, the following: (i) changes in consumer
preferences and discretionary spending may have a material adverse
effect on our brand loyalty, net sales, results of operations and
financial condition, (ii) we rely on sales to a limited number of
distributors and retailers for the substantial majority of our net
sales, and the loss of one or more such distributors or retailers
may harm our business, (iii) sales of a limited number of SkinnyPop
products and flavors contributed all of our historical
profitability and cash flow and a reduction in the sale of our
SkinnyPop products would have a material adverse effect on our
ability to remain profitable and achieve future growth, and (iv)
our ability to successfully integrate the Tyrrells business and our
other recent acquisitions with our existing operations.
Further information on these and other factors that could affect
our company and our business and the forward-looking statements in
this press release are included in our Annual Report on Form 10-K
for the year ended December 31, 2016 and our Quarterly Reports on
Form 10-Q, as filed with the Securities and Exchange Commission
(“SEC”) and in other filings we will make with the SEC from time to
time, particularly under the caption Risk Factors.
You should not place undue reliance upon forward-looking
statements as predictions of future events. Amplify has based the
forward-looking statements contained in this press release on its
current expectations and projections about future events and trends
that it believes may affect its business, financial condition,
results of operations and prospects. The forward-looking statements
made in this press release relate only to events as of the date on
which the statements are made. Amplify undertakes no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except
as may be required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20171019005674/en/
InvestorsAmplify Snack Brands, Inc.Josh Gittler,
512-640-8377jgittler@amplifysnacks.comorICRKatie Turner,
646-277-1228katie.turner@icrinc.com
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