Gerald B. Shreiber Transitions to Chairman Emeritus; J & J Snack Foods Corp. Board of Directors Elects Dan Fachner as Chairman of the Board

Rhea-AI Summary

J & J Snack Foods Corp. (NASDAQ: JJSF) announced the transition of its founder, Gerald B. Shreiber, from his role as Chairman of the Board to Chairman Emeritus. Dan Fachner, the Company’s President and Chief Executive Officer, has been elected as the new Chairman of the Board. Shreiber expressed confidence in Fachner and the leadership team, stating that it is the right time for him to make this transition. Fachner acknowledged Shreiber's instrumental role in the company's success and his personal career growth.

MOUNT LAUREL, N.J., Nov. 16, 2023 (GLOBE NEWSWIRE) --  J & J Snack Foods Corp. (NASDAQ: JJSF) announced today that its founder, Gerald B. Shreiber, has decided to transition from his role as Chairman of the Board. Mr. Shreiber will remain a member of the Board of Directors, serving with the distinction of Chairman Emeritus of J & J Snack Foods Corp.

Dan Fachner, who has served as the Company’s President and Chief Executive Officer since 2021 and a member of the Board of Directors since 2022, has been elected by the Board to serve as the Company’s Chairman of the Board.

J & J Snack Foods has been an important part of my life for over 50 years and it will always remain so,” Shreiber said. “I believe that this is the right time for me to transition the Chairman role to Dan, and I have full confidence in him and the leadership team at J & J.”

“Gerry founded J & J Snack Foods Corp. in 1971 and played an instrumental role in our success. Gerry has also been an important figure in my personal career growth” said Fachner. On behalf of our Company, I want to thank Gerry for his half a century of leadership.”

About J & J Snack Foods Corp.

J & J Snack Foods Corp. is a leader and innovator in the snack food industry, providing innovative, niche and affordable branded snack foods and beverages to foodservice, and retail supermarket outlets. Manufactured and distributed nationwide, our principal products include SUPERPRETZEL, the #1 soft pretzel brand in the world, as well as internationally known ICEE and SLUSH PUPPIE frozen beverages, LUIGI’S Real Italian Ice, MINUTE MAID* frozen ices, WHOLE FRUIT sorbet and frozen fruit bars, SOUR PATCH KIDS** Flavored Ice Pops, DIPPIN’ DOTS ice cream, Hola! CHURROS, and THE FUNNEL CAKE FACTORY funnel cakes and several bakery brands within DADDY RAY’S, COUNTRY HOME BAKERS and HILL & VALLEY.   For more information, please visit http://www.jjsnack.com.

*MINUTE MAID is a registered trademark of The Coca-Cola Company
**SOUR PATCH KIDS is a registered trademark of Mondelēz International group, used under license.

Certain statements in this press release may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. Please refer to our public filings for a discussion of certain important factors that relate to forward-looking statements contained in this press release. The words "believe," "expect," "anticipate," "estimate," "guidance," "target," "intend" and similar expressions identify forward-looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

FAQ

Who is transitioning from the role of Chairman of the Board at J & J Snack Foods Corp.?

Gerald B. Shreiber, the founder of J & J Snack Foods Corp., is transitioning from his role as Chairman of the Board to Chairman Emeritus.

Who has been elected as the new Chairman of the Board at J & J Snack Foods Corp.?

Dan Fachner, the Company’s President and Chief Executive Officer, has been elected as the new Chairman of the Board at J & J Snack Foods Corp.

When was J & J Snack Foods Corp. founded?

J & J Snack Foods Corp. was founded in 1971 by Gerald B. Shreiber.

What role did Gerald B. Shreiber play in the success of J & J Snack Foods Corp.?

Gerald B. Shreiber played an instrumental role in the success of J & J Snack Foods Corp, having been an important figure in the company's growth for over 50 years.