FLOWERS FOODS NAMES D. ANTHONY SCAGLIONE CHIEF FINANCIAL OFFICER

Rhea-AI Summary

Flowers Foods (NYSE: FLO) named D. Anthony Scaglione as chief financial officer, effective Jan. 1, 2026. Scaglione will oversee treasury, investor relations, accounting, tax, internal audit, risk, procurement, and information security and will report to chairman and CEO Ryals McMullian. He succeeds Steve Kinsey, who will retire at year-end and provide advisory support during the transition.

Scaglione previously served as CFO at Total Wine & More, ODP Corporation, and ABM Industries, holds BS degrees in Finance and Accounting from Rutgers, an MBA from Fairleigh Dickinson, and is a CPA (NY). Flowers reported $5.1 billion in 2024 net sales.

Positive

• Effective date of Jan. 1, 2026 established
• Successor named with multiple prior CFO roles
• Planned advisory transition from incumbent through year-end

Negative

• Management transition risk cited as a material factor
• Potential disruption from CFO change before 2026 fiscal year

THOMASVILLE, Ga., Oct. 21, 2025 /PRNewswire/ -- Flowers Foods, Inc. (NYSE: FLO) today announced D. Anthony Scaglione has been named chief financial officer (CFO), effective Jan. 1, 2026. In this role, Scaglione will guide the company's financial strategy and oversee its treasury, investor relations, accounting, tax, internal audit, risk, procurement, and information security functions, reporting to chairman and CEO Ryals McMullian.

"With extensive experience across a broad range of disciplines and a track record of successfully leading high-performing teams, Anthony brings strategic insight and operational rigor that will drive our next phase of growth," said McMullian. "Over the course of his career, Anthony has proven his ability to deliver tangible value to shareholders, and I am confident his leadership will greatly benefit Flowers' business as we continue to navigate an increasingly complex and competitive landscape."

Scaglione has previously served as CFO for several public and private multi-billion-dollar organizations, including Total Wine & More, a retailer specializing in wine, spirits, and beer; ODP Corporation, a global B2B office equipment and services company; and ABM Industries, a global services company. In addition to all core finance functions, his leadership experience also spans strategy, real estate, procurement, M&A, and IT. He will succeed Steve Kinsey, who will retire from Flowers at year-end and serve in an advisory role for a period of time to ensure a smooth transition.

Scaglione earned two Bachelor of Science degrees, one in Finance and one in Accounting, from Rutgers University and a Master of Business Administration from Fairleigh Dickinson University and is a certified public accountant (CPA-NY).

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 2024 net sales of $5.1 billion. Flowers operates bakeries across the country that produce a wide range of bakery products. Among the company's top brands are Nature's Own, Dave's Killer Bread, Canyon Bakehouse, Simple Mills, Wonder, and Tastykake. Learn more at www.flowersfoods.com.

FLO-CORP FLO-IR

Forward-Looking Statements

Statements contained in this press release and certain other written or oral statements made from time to time by Flowers Foods, Inc. (the "company", "Flowers Foods", "Flowers", "us", "we", or "our") and its representatives that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to current expectations regarding our business, management transition and our future financial condition and results of operations and are often identified by the use of words and phrases such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," "would," "is likely to," "is expected to" or "will continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based upon assumptions we believe are reasonable. Forward-looking statements are based on current information and are subject to risks and uncertainties that could cause our actual results to differ materially from those projected. Certain factors that may cause actual results, performance, liquidity, and achievements to differ materially from those projected are discussed in our Annual Report on Form 10-K for the year ended December 28, 2024 (the "Form 10-K") and our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and may include, but are not limited to, (a) risks related to the management transition, (b) unexpected changes in any of the following: (1) general economic and business conditions; (2) the competitive setting in which we operate, including advertising or promotional strategies by us or our competitors, as well as changes in consumer demand; (3) interest rates and other terms available to us on our borrowings; (4) supply chain conditions and any related impact on energy and raw materials costs and availability and hedging counter-party risks; (5) relationships with or increased costs related to our employees and third-party service providers; (6) laws and regulations (including environmental and health-related issues and the impacts of tariffs); and (7) accounting standards or tax rates in the markets in which we operate, (c) the loss or financial instability of any significant customer(s), including as a result of product recalls or safety concerns related to our products, (d) changes in consumer behavior, trends and preferences, including health and whole grain trends, and the movement toward less expensive store branded products, (e) the level of success we achieve in developing and introducing new products and entering new markets, (f) our ability to implement new technology and customer requirements as required, (g) our ability to operate existing, and any new, manufacturing lines according to schedule, (h) our ability to implement and achieve our corporate responsibility goals in accordance with regulatory requirements and the expectations of our stakeholders, suppliers, and customers; (i) our ability to execute our business strategies which may involve, among other things, (1) the ability to realize the intended benefits of completed, planned or contemplated acquisitions, dispositions or joint ventures, such as the acquisition of Simple Mills, (2) the deployment of new systems (e.g., our enterprise resource planning ("ERP") system), distribution channels and technology, and (3) an enhanced organizational structure (e.g., our sales and supply chain reorganization), (j) consolidation within the baking industry and related industries, (k) changes in pricing, customer and consumer reaction to pricing actions (including decreased volumes), and the pricing environment among competitors within the industry, (l) our ability to adjust pricing to offset, or partially offset, inflationary pressure or tariffs on the cost of our products, including ingredient and packaging costs; (m) disruptions in our direct-store-delivery distribution model, including litigation or an adverse ruling by a court or regulatory or governmental body that could affect the independent contractor classifications of the independent distributor partners ("IDPs"), and changes to our direct-store-delivery distribution model in California, (n) increasing legal complexity and legal proceedings that we are or may become subject to, (o) labor shortages and turnover or increases in employee and employee-related costs, (p) the credit, business, and legal risks associated with IDPs and customers, which operate in the highly competitive retail food and foodservice industries, (q) any business disruptions due to political instability, pandemics, armed hostilities, incidents of terrorism, natural disasters, labor strikes or work stoppages, technological breakdowns, product contamination, product recalls or safety concerns related to our products, or the responses to or repercussions from any of these or similar events or conditions and our ability to insure against such events, (r) the failure of our information technology systems to perform adequately, including any interruptions, intrusions, cyber-attacks or security breaches of such systems or risks associated with the implementation of the upgrade of our ERP system; and (s) the potential impact of climate change on the company, including physical and transition risks, our availability or restriction of resources, higher regulatory and compliance costs, reputational risks, and our availability of capital on attractive terms. The foregoing list of important factors does not include all such factors, nor does it necessarily present them in order of importance. In addition, you should consult other disclosures made by the company (such as in our other filings with the SEC or in company press releases) for other factors that may cause actual results to differ materially from those projected by the company. Refer to Part I, Item 1A., Risk Factors, of our Form 10-K, Part II, Item 1A., Risk Factors, of the Form 10-Q for the quarter ended July 12, 2025 and subsequent filings with the SEC for additional information regarding factors that could affect the company's results of operations, financial condition and liquidity. We caution you not to place undue reliance on forward-looking statements, as they speak only as of the date made and are inherently uncertain. The company undertakes no obligation to publicly revise or update such statements, except as required by law. You are advised, however, to consult any further public disclosures by the company (such as in our filings with the SEC or in company press releases) on related subjects.

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SOURCE Flowers Foods, Inc.

FAQ

When does Flowers Foods (FLO) new CFO D. Anthony Scaglione start?

Scaglione's start date is Jan. 1, 2026.

Who will Scaglione report to at Flowers Foods (FLO)?

He will report to chairman and CEO Ryals McMullian.

What roles will FLO's new CFO oversee starting Jan. 1, 2026?

He will oversee treasury, investor relations, accounting, tax, internal audit, risk, procurement, and information security.

Who is leaving the CFO role at Flowers Foods (FLO) and when?

Incumbent CFO Steve Kinsey will retire at year-end and serve in an advisory role during transition.

What experience does Flowers Foods (FLO) say Scaglione brings?

Prior CFO roles at Total Wine & More, ODP Corporation, and ABM Industries, plus finance, real estate, procurement, M&A, and IT experience.

What were Flowers Foods' reported 2024 net sales noted in the announcement?

The company reported $5.1 billion in 2024 net sales.