Management ChangeAug 11, 2026, 05:09 PM
B&G Foods Appoints Robert Mills as CEO; Kenneth Keller Retires
AI Summary
B&G Foods, Inc. announced a significant leadership transition with the retirement of Kenneth C. Keller as President and CEO, effective August 7, 2026. Robert D. Mills, a current board member, has been appointed as the new President and CEO, effective immediately. Mr. Mills brings extensive experience in strategy, digital commerce, technology, and M&A from his previous role at Tractor Supply Company, and his appointment is expected to accelerate the company's strategic priorities and strengthen performance.
Key Highlights
- Kenneth C. Keller retired as President and CEO effective August 7, 2026.
- Robert D. Mills appointed President and CEO effective August 10, 2026.
- Mr. Keller received $2,448,516 in salary continuation and accelerated vesting of 519,396 restricted shares.
- Mr. Mills' annual base salary is $950,000.
- Mr. Mills received a $500,000 sign-on cash bonus and a $500,000 restricted stock award (134,408 shares).
- Mr. Mills received a sign-on stock option award for 900,000 shares with an exercise price of $3.40.
- Mr. Mills will receive a guaranteed pro rata bonus of $375,000 for fiscal 2026.
- Mr. Mills previously served as EVP, Chief Technology Officer, Digital and Pet Services at Tractor Supply Company.
Price Impact
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