UTZ Brands Announces Promotions to Executive Management Team as Company Positions for Next Phase of Growth
“As we evolve as a public company, we will continue to enhance Utz’s leadership team to accelerate our ability to grow and strengthen our organization,” said
Today the Company announced the following changes to its Executive Management Team:
Cary Devorehas been appointed Executive Vice President and Chief Operating Officer, a new position within Utz, effective October 4, 2021. Mr. Devoreis currently the Company’s Chief Financial Officer and will continue to report to Dylan Lissette, Chief Executive Officer of Utz. As Chief Operating Officer, Mr. Devorewill work across the organization to help drive revenue growth, productivity, and operational excellence. In addition, he will continue to drive the Company’s strategic corporate initiatives including mergers and acquisitions, capital markets, as well as continue to provide oversight for the Project Management Office, which manages the implementation of value creation and acquisition integration initiatives.
Cary joined Utz in 2016 as a Board Member as part of a minority equity investment into Utz and transitioned to a full-time operational role in 2017. From 2016 to 2019, Cary worked closely with
Mr. Lissetteon driving M&A (completing eight acquisitions together), value creation and team development, as Utz continued its national expansion and built out its capabilities. In 2019, Cary became EVP and CFO, where he focused on leading the Company’s merger with Collier Creek Holdingsand its highly successful transition to a public company.
- Cary joined Utz in 2016 as a Board Member as part of a minority equity investment into Utz and transitioned to a full-time operational role in 2017. From 2016 to 2019, Cary worked closely with
Ajay joined Utz in 2017 and has been instrumental in building out the Company’s FP&A, Commercial Finance, and Supply Chain Finance teams, as well as overseeing the IT function, and playing a leadership role in migrating to a new fully integrated ERP infrastructure. In addition, Ajay has been a key contributor to Utz’s M&A integrations and helped lead the Accounting team through the Company’s public listing process. Ajay joined Utz from
(NYSE: AFI), where he served as Vice President, Global Finance and Strategy, and led all aspects of business finance and strategy, including international finance teams across Armstrong Flooring, Inc. Asiaand Australia. Prior to Armstrong, Ajay was with Chobani as Vice President, Finance, where he played a significant role as part of the team brought in by a private equity investor. Prior to that, Ajay spent a decade with (NASDAQ: PEP), where he held increasingly complex finance roles in large regional and national Direct Store Delivery (“DSD”) operations within the PepsiCo, Inc. U.S.beverage business.
Jim Sponauglehas been appointed Executive Vice President and Chief People Officer, effective October 4, 2021. Mr. Sponaugleis currently the Company’s Senior Vice President of Human Resources and Personnel Developmentand will continue to report to Mr. Lissettein his new role.Jim joined Utz in early 2020 and was instrumental in guiding the Company through the COVID-19 pandemic, while he also helped to build the Company’s corporate governance and compliance framework as a newly public company. Jim is passionate about positioning Utz for a stronger future focused on talent development as the Company continues to grow.
Todd Staub, Executive Vice President and Chief Administrative Officer, has announced his intention to retire effective January 3, 2022. Mr. Staubhas a tremendous history at Utz, helping to grow the Company over the past 25 years from $100 millionin sales to over $1 billiontoday. Todd’s contributions include Controller, Chief Financial Officer, and eventually the promotion to Executive Vice President & Chief Administrative Officer in 2017. Todd has graciously given Utz significant notice of his future retirement to ensure a smooth transition, and the Company thanks Todd for his incredible contributions during his successful tenure at Utz.
After a century with strong family heritage, Utz continues to have a passion for exciting and delighting consumers with delicious snack foods made from top-quality ingredients. Utz’s products are distributed nationally through grocery, mass merchandisers, club, convenience, drug and other channels. Based in