Flowers Foods Elects W. Jameson McFadden To Board Of Directors
Flowers Foods (NYSE: FLO) announced the election of W. Jameson McFadden to its board of directors, effective January 4, 2021.
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Rhea-AI Summary
Flowers Foods (NYSE: FLO) announced the election of W. Jameson McFadden to its board of directors, effective January 4, 2021. McFadden, president of Wellington Shields & Co., brings extensive financial and marketing experience.Chairman George E. Deese and CEO Ryals McMullian expressed confidence in McFadden's ability to enhance board expertise and contribute to the company's strategic priorities. Flowers Foods, headquartered in Thomasville, Georgia, reported $4.1 billion in sales for 2019 and is known for brands like Nature's Own and Wonder.
Positive
- Jameson McFadden brings valuable financial and marketing expertise.
- Expected to enhance board's collective knowledge.
- Potential to strengthen strategic planning and execution.
Negative
- None.
Details
News Market Reaction – FLO
The recorded move for FLO in the trading session of this news was -1.03%.
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THOMASVILLE, Ga., Nov. 16, 2020 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Tastykake, and other bakery foods, today announced that its board of directors has elected a new board member. W. Jameson McFadden, president of Wellington Shields & Co., will join Flowers Foods' board of directors effective January 4, 2021.
"We welcome Jameson as an independent director of the Flowers board," said George E. Deese, chairman of the board of Flowers Foods. "His financial and marketing experience will provide valuable perspective to the board and our company."
Commenting on the board election, Ryals McMullian, Flowers Foods' president and chief executive officer, said, "I'm energized by the collective expertise on our board, and the addition of Jameson only enhances that. I look forward to his contributions as we work together to execute our strategic priorities and maximize returns."
McFadden, 38, joined Wellington Shields & Co., a New York-based wealth management and investment firm, in 2006 and has served in his current role since 2017. He also serves as chief executive officer of Capital Management Associates, a registered investment advisor based in New York, and as head of sales and distribution for Blue Quail Wines. He holds a bachelor's degree in history from Loyola Marymount University and an MBA in finance and management from New York University's Leonard N. Stern School of Business.
About Flowers Foods
Headquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is one of the largest producers of packaged bakery foods in the United States with 2019 sales of
FLO-CORP
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SOURCE Flowers Foods, Inc.
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