Disclosure NewswireTMiCrowdNewswire - Aug 4, 2016
TreeHouse Foods, Inc. (NYSE: THS) announced today that Dennis F. Riordan, Executive Vice President, Chief Financial Officer and Interim President of Private Brands, will transition to a Senior Advisor role upon the appointment of a successor. TreeHouse has initiated an executive search to identify a new CFO, and Mr. Riordan will be an active participant in the search process. Upon appointment of a successor, Mr. Riordan will remain with the Company to provide a smooth transition of his responsibilities. As Senior Advisor, he will continue his involvement with the Private Brands integration efforts and business strategy.
Mr. Riordan has been with TreeHouse for over ten years, having joined the Company soon after its formation in 2005. During his tenure, Mr. Riordan has overseen the financial and infrastructure growth of the Company as revenues increased tenfold through a series of 13 acquisitions, the most recent being the acquisition of the Private Brands business from ConAgra Foods.
“Dennis’ leadership has been instrumental to our Company’s growth, and he has been key to delivering shareholder returns that have exceeded that of the industry. He has been a quintessential leader as we have built the company from $700 million in revenue to $7 billion, and under his guidance, we now have robust accounting, finance, investor relations, tax and IT teams. We greatly appreciate his many contributions,” said Sam K. Reed, Chairman and Chief Executive Officer of TreeHouse Foods. “As we lay the operational and organizational foundations upon which to build the transformed TreeHouse of our future, Dennis will continue to play an important role.”
“I am very proud of what we have accomplished here at TreeHouse, as well as the tremendous opportunity that lies ahead,” said Mr. Riordan. “We are still in the early days of the next chapter of our Company – establishing a larger and even stronger foundation for the next round of strategic growth through acquisitions. To that end, I believe we will benefit from fresh ideas and new perspectives, while allowing me to focus exclusively on integration and strategic activities.”