B&G Foods Announces Leadership Appointments

Appoints Chief Supply Chain Officer, Chief Commercial Officer and
Chief Customer Officer

Announces Retirement of Executive Vice President of Sales & Marketing

PARSIPPANY, N.J.–(BUSINESS WIRE)–B&G Foods, Inc. (NYSE:BGS) announced today the appointments of Erich A.
Fritz to the position of Executive Vice President and Chief Supply Chain
Officer, Jordan E. Greenberg to the position of Executive Vice President
and Chief Commercial Officer and Ellen M. Schum to the position of
Executive Vice President and Chief Customer Officer. All three
appointments are effective March 11, 2019. The Company also announced
that Vanessa E. Maskal, the Company’s Executive Vice President of Sales
and Marketing plans to retire on April 5, 2019.

Commenting on the appointments, Kenneth G. Romanzi, who currently serves
as Executive Vice President and Chief Operating Officer and, as
previously announced, will become B&G Foods’ next President and Chief
Executive Officer on April 6, 2019, said, “I am delighted that Erich
Fritz has agreed to join B&G Foods as our Chief Supply Chain Officer.
Erich is an industry veteran and a proven leader. In his role as Chief
Supply Chain Officer, Erich will be responsible for our end-to-end
supply chain from procurement to delivery to our customers, quality
assurance, research & development, information technology and
post-acquisition supply chain integration. Erich will partner with Bill
Herbes, our Executive Vice President of Operations, and his team to
continue to evolve our operations to become more efficient and
effective.”

“Since our acquisition of Green Giant in late 2015, Jordan
Greenberg and his team have done a tremendous job reawakening the iconic Green
Giant
through on-trend, “better-for-you” innovation and excellent
brand marketing. Under Jordan’s leadership, Green Giant has
returned to growth and has once again become a leading brand in the
frozen food aisle. A long-time B&G Foods veteran, Jordan knows our
entire portfolio of brands intimately and has excellent ideas to revive
other brands in our diverse portfolio similar to what he has done to
reawaken the Green Giant. As Chief Commercial Officer, Jordan
will be responsible for marketing, strategic and annual planning, and
delivery of the overall P&L for the Company,” continued Mr. Romanzi.

Regarding the appointment of Ms. Schum, Mr. Romanzi stated, “Ellen has
been a successful food industry sales leader for many years. I believe
she is an excellent choice to lead B&G Foods’ sales and customer service
teams and continue to build on the successful customer relationships
Vanessa and her team have built over the years. As Chief Customer
Officer, Ellen will be responsible for all sales and trade marketing and
be the key customer liaison for the Company.”

Ms. Schum joined B&G Foods in July 2018 as Vice President of U.S. Retail
Sales. Prior to that, Ms. Schum served as Executive Vice President of
Sales and Marketing and then Chief Operating Officer of Schuman Cheese.
Ms. Schum started her career in finance at Nabisco and spent 24 years at
Nabisco and Kraft Foods in leadership roles of increasing
responsibility, first in finance for 5 years, then in sales for 19
years, most recently serving as Area Vice President – East.

Mr. Fritz joins B&G Foods from Ocean Spray, where he served for nine
years, most recently as Vice President of Research & Development,
Quality, Engineering and Medical Research and before that as Vice
President of Manufacturing & Engineering. Mr. Fritz has also held
operations leadership positions at POM Wonderful, Naked Juice Company,
balduccis.com and Michael Foods. Mr. Fritz began his career at Nabisco
where he served for 19 years, including as Head of Operations for the
Nabisco US Foods Group.

Mr. Greenberg joined B&G Foods in 1999 and has served in roles of
increasing responsibility over that time, including as Vice President of
Marketing and his current position as Vice President and General Manager
Green Giant. Prior to joining B&G Foods, Mr. Greenberg
served in the marketing departments of Land O’Lakes and Alpine Lace.

Commenting on Ms. Maskal’s retirement, Mr. Romanzi said, “Vanessa has
been a key member of the B&G Foods leadership team for many years and a
great help to me as I assimilated into the Company over the past year,
for which I will be forever grateful. All of us at B&G Foods will miss
her valuable insights and experience and wish her well in her
retirement.”

Commenting on Ms. Maskal’s retirement, Robert C. Cantwell, President and
Chief Executive Officer of B&G Foods said, “Vanessa has been a very
important member of our management team for almost two decades. Since
assuming responsibility for our sales organization towards the end of
2006 (approximately two years before she also assumed responsibility for
our marketing organization), B&G Foods’ net sales have grown from
slightly more than $400 million to $1.7 billion, a compound annual
growth rate of approximately 12.6%. Vanessa has played a key role in the
integration of numerous acquisitions over the years. Vanessa has also
provided outstanding leadership and has served as a mentor to countless
employees. On behalf of the entire B&G Foods family, I would like to
thank Vanessa for all of her hard work and dedication and wish her the
best of luck in her retirement and all her future endeavors.”

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries
manufacture, sell and distribute high-quality, branded shelf-stable and
frozen foods across the United States, Canada and Puerto Rico. With
B&G Foods’ diverse portfolio of more than 50 brands you know and love,
including Back to Nature, B&G, B&M, Cream of Wheat,
Green Giant, Las Palmas, Le Sueur, Mama Mary’s,
Maple Grove Farms, Mrs. Dash, New York Style,
Ortega, Polaner, SnackWell’s, Spice Islands
and Victoria, there’s a little something for everyone. For more
information about B&G Foods and its brands, please visit www.bgfoods.com.

Forward-Looking Statements

Statements in this press release that are not statements of
historical or current fact constitute “forward-looking statements.”
The
forward-looking statements contained in this press release include,
without limitation, statements related to the appointments of new
leaders at the Company and the Company’s plans to drive cost-savings,
new product innovation and growth
. Such forward-looking
statements involve known and unknown risks, uncertainties and other
unknown factors that could cause the actual results of B&G Foods to be
materially different from the historical results or from any future
results expressed or implied by such forward-looking statements.
In
addition to statements that explicitly describe such risks and
uncertainties, readers are urged to consider statements labeled with the
terms “believes,” “belief,” “expects,” “projects,” “intends,”
“anticipates” or “plans” to be uncertain and forward-looking.
Factors
that may affect actual results include, without limitation: the
Company’s substantial leverage; the effects of rising costs for the
Company’s raw materials, packaging and ingredients; crude oil prices and
their impact on distribution, packaging and energy costs; the Company’s
ability to successfully implement sales price increases and cost saving
measures to offset any cost increases; intense competition, changes in
consumer preferences, demand for the Company’s products and local
economic and market conditions; the Company’s continued ability to
promote brand equity successfully, to anticipate and respond to new
consumer trends, to develop new products and markets, to broaden brand
portfolios in order to compete effectively with lower priced products
and in markets that are consolidating at the retail and manufacturing
levels and to improve productivity; the risks associated with the
expansion of the Company’s business; the Company’s possible inability to
identify new acquisitions or to integrate recent or future acquisitions
or the Company’s failure to realize anticipated revenue enhancements,
cost savings or other synergies; tax reform and legislation, including
the effects of the U.S. Tax Cuts and Jobs Act; the Company’s ability to
access the credit markets and the Company’s borrowing costs and credit
ratings, which may be influenced by credit markets generally and the
credit ratings of the Company’s competitors; unanticipated expenses,
including, without limitation, litigation or legal settlement expenses;
the effects of currency movements of the Canadian dollar and the Mexican
peso as compared to the U.S. dollar; the effects of international trade
disputes, tariffs, quotas, and other import or export restrictions on
our international procurement, sales and operations; future impairments
of the Company’s goodwill and intangible assets; the Company’s ability
to successfully implement a new enterprise resource planning (ERP)
system; the Company’s ability to protect information systems against, or
effectively respond to, a cybersecurity incident or other disruption;
the Company’s sustainability initiatives and changes to environmental
laws and regulations; and other factors that affect the food industry
generally. The forward-looking statements contained herein are also
subject generally to other risks and uncertainties that are described
from time to time in B&G Foods’ filings with the Securities and Exchange
Commission, including under Item 1A, “Risk Factors” in the Company’s
most recent Annual Report on Form 10-K and in its subsequent reports on
Forms 10-Q and 8-K.
Investors are cautioned not to place undue
reliance on any such forward-looking statements, which speak only as of
the date they are made.
B&G Foods undertakes no obligation to
publicly update or revise any forward-looking statement, whether as a
result of new information, future events or otherwise.

Contacts

Investor Relations:
ICR, Inc.
Dara Dierks
866-211-8151

Media Relations:
ICR, Inc.
Matt Lindberg
203-682-8214

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