STOCK TITAN

Stryve Foods Appoints Greg Christenson and Charlie Vogt to its Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Stryve Foods (NASDAQ: SNAX) announced the appointment of Greg Christenson and Charlie Vogt to its Board of Directors, expanding the board to nine members, six of whom are independent. Christenson serves as CFO of Champion Petfoods, with extensive financial leadership experience, while Vogt brings over 30 years of executive leadership from various technology companies. The company aims to leverage their expertise to enhance growth and achieve strategic objectives. Stryve specializes in air-dried meat snacks, promoting healthier eating with products low in sugar and high in protein.

Positive
  • The appointment of Greg Christenson and Charlie Vogt could enhance Stryve's leadership, bringing significant financial and operational expertise.
  • Both new board members have a proven track record in driving growth, which may positively impact Stryve's strategic objectives.
Negative
  • Concerns may arise about continuity and experience gaps as the board expands with new members.
  • The focus on optimizing growth may distract from immediate operational challenges in a competitive market.

PLANO, Texas, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Stryve Foods, Inc. (NASDAQ: SNAX) (“Stryve” or “the Company”), an emerging healthy snack and eating platform disrupting traditional CPG categories, and a leader in the air-dried meat snack industry in the United States, today announced the appointment of Greg Christenson and Charlie Vogt to Stryve’s Board of Directors (the “Board”), effective immediately. Mr. Christenson will serve as a member of the Audit Committee and Compensation Committee and Mr. Vogt will serve as a member of the Compensation Committee. The appointments of Mr. Christenson and Mr. Vogt will expand the Board to nine directors, six of whom are independent.

“I am thrilled to welcome both Greg and Charlie to our Board. They are proven leaders who possess broad and deep experience within their areas of expertise,” said Ted Casey, Chairman of the Board. “Their varied backgrounds, which are both rooted in optimizing growth, will be instrumental in helping Stryve achieve its strategic objectives.”

Greg Christenson is the Chief Financial Officer of Champion Petfoods, a role he’s held since July 2019. Prior to that, Mr. Christenson served as the Chief Financial Officer of multiple companies where he led all financial, accounting and IT functions, including Amplify Snack Brands, WhiteWave Foods and Oberto Brands. He also spent 14 years at Kraft Foods in several leadership roles.

Mr. Christenson holds a Master of Business Administration from Northeastern University and a Bachelor of Science degree from Providence College. He is an experienced executive with a history of building brands, delivering growth and driving profitability.

Charlie Vogt is the President and Chief Executive Officer at DZS, a role he’s held since August 2020. Prior to DZS, Mr. Vogt was President and CEO of four companies: ATX Networks, a global leader of optical access networking and media distribution solutions, Imagine Communications, a world-leading provider of video software and unified distribution solutions, GENBAND (now Ribbon Communications), a global leader in IP networking and software solutions, and Taqua, a market leader in softswitch technology. Earlier in his career, Mr. Vogt was instrumental in the operational and financial growth of several standard-setting technology companies, including ADTRAN and Ascend Communications, among others, that either became public companies or were acquired.

Mr. Vogt holds a Bachelor of Science degree from Saint Louis University. He brings two decades of experience as a CEO and over 30 years of experience in executing visionary strategies that resulted in unprecedented growth.

About Stryve Foods, Inc.

Stryve is an emerging healthy snacking and food company that manufactures, markets and sells highly differentiated healthy snacking and food products that Stryve believes can disrupt traditional snacking and CPG categories. Stryve’s mission is “to help Americans eat better and live happier, better lives.” Stryve offers convenient products that are lower in sugar and carbohydrates and higher in protein than other snacks and foods.

Stryve’s current product portfolio consists primarily of air-dried meat snack products marketed under the Stryve®, Kalahari®, Braaitime®, and Vacadillos® brand names. Unlike beef jerky, Stryve’s all-natural air-dried meat snack products are made of beef and spices, are never cooked, contain zero grams of sugar, and are free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and preservatives. As a result, Stryve’s products are Keto and Paleo diet friendly. Further, based on protein density and sugar content, Stryve believes that its air-dried meat snack products are some of the healthiest shelf-stable snacks available today.

Stryve distributes its products in major retail channels, primarily in North America, including grocery, club stores and other retail outlets, as well as directly to consumers through its e-commerce websites and through the Amazon platform.

For more information about Stryve, visit www.stryve.com or follow us on social media at @stryvebiltong.

Contacts:

ICR Investor Relations:
Raphael Gross, (203) 682-8253
raphael.gross@icrinc.com

ICR Media Relations:
Eric Becker, (303) 638-3469
eric.becker@icrinc.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/fdd38f03-91c1-4f1a-a691-f757851a2b4a

https://www.globenewswire.com/NewsRoom/AttachmentNg/001f651c-8203-4f30-948d-9f07ec26d8cb


FAQ

What recent changes occurred in Stryve Foods' Board of Directors?

Stryve Foods appointed Greg Christenson and Charlie Vogt to its Board of Directors, expanding the board to nine members.

Who are the new board members of Stryve Foods?

The new board members are Greg Christenson, CFO of Champion Petfoods, and Charlie Vogt, President and CEO at DZS.

What is the potential impact of the new board appointments on Stryve Foods?

The appointments could enhance Stryve's leadership and drive growth, leveraging the extensive experience of the new directors.

How many independent directors are on the Stryve Foods Board now?

With the new appointments, there are now six independent directors on Stryve Foods' Board.

Stryve Foods, Inc.

NASDAQ:SNAX

SNAX Rankings

SNAX Latest News

SNAX Stock Data

3.48M
2.57M
40.25%
9.09%
8.4%
Packaged Foods
Food and Kindred Products
Link
United States of America
PLANO