Simply Good Foods Company Names Mike Clawson Chief Customer Officer

DENVER, Sept. 9, 2024 (GLOBE NEWSWIRE) — Simply Good Foods Company (Nasdaq: SMPL) (“Simply Good Foods” or the “Company”), a global leader in the creation, marketing and sale of branded food and snack products, today announced that Mike Clawson has been named Chief Customer Officer (“CCO”), effective October 14, 2024.

As the company embarks on its next chapter of growth, a cornerstone of its strategic growth plan is an enhanced sales model and approach. This new sales playbook focuses on building multi-year growth plans with key accounts, with a focus on increasing shelf space, leveraging strategic consumer and category insights, driving innovation in key growth areas, leveraging advanced analytics, and driving growth in an omnichannel world. The company conducted a thorough search for a leader who would be equal parts CEO and COO and is excited to announce the results of that search with this announcement today.

Clawson is a distinguished CPG veteran with 25 years of experience leading teams and building capabilities across all functions and capabilities critical to the success of the new business model, including P&L leadership, sales, brand marketing, innovation, category management, consumer marketing, strategy and supply chain. Throughout his career, Clawson has a proven track record of building retail partnerships and driving strong business results. Reporting directly to Geoff Tanner, President and CEO, Clawson is well-positioned to lead the sales organization and work closely with the CEOs of Quest, Atkins and OWYN to develop and execute multi-year growth plans with our customers and expand the Company’s leadership position in the nutritional snacks category.

Most recently, Clawson served as General Manager of the nearly $1 billion Meals Business Unit at Del Monte Foods, Inc., where he had full P&L responsibility for multiple business segments, including marketing, operations, and finance. Prior to his current role, Clawson led sales for $1.7 billion in U.S. retail and led Walmart Inc.’s sales team and international business, where he led a successful global sales organizational transformation.

Clawson replaces current Simply Good Foods CCO Jill Short, who announced her departure after 17 years with the company. Short will remain with the company and help transition her responsibilities for a short period.

CEO Tanner commented, “Mike is a strategic thinker with a passion for driving results and building sustainable organizational capabilities. Mike knows how to leverage a full set of capabilities to build and deliver multi-year growth plans with retailers. Mike is well known to me, my leadership team and our Board of Directors. He is familiar with and experienced with the new Simply Good playbook we are executing, and I am confident he will hit the ground running. I also want to thank Jill for her many contributions to Simply Good Foods. Her leadership has been instrumental in getting us to where we are today. I am excited about the future of the nutritional snacks category as we believe it will continue to grow volume-driven and outpace packaged foods in the store center. The integration of the OWYN business is progressing well, the company is on track to its full fiscal 2024 financial goals and we are well positioned to win for the long term.”

About Simply Good Foods Company
Simply Good Foods Company (Nasdaq: SMPL), headquartered in Denver, Colorado, is a consumer packaged food and beverage company that introduces nutritious snacks with the ambitious goal of raising the bar on what food can be through trusted brands and innovative products. Our product portfolio primarily consists of protein bars, ready-to-drink (RTD) shakes, sweet and savory snacks, and confectionery under the Atkins™, Quest™, and OWYN™ brands. We are a company that aims to lead the nutritious snacking movement and is poised to expand our healthy lifestyle platform through innovation, organic growth, and investment opportunities in the snacking space. To learn more, visit https://www.thesimplygoodfoodscompany.com.

Forecast statements
Certain statements contained herein are not historical facts but are forward-looking statements for purposes of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by or include words such as “will,” “expects,” “intends” or other similar words, phrases or expressions. These statements relate to future events or our future financial or operating results and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. We caution you that these forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. You should not place undue reliance on forward-looking statements. These statements reflect our current views regarding future events and are based on assumptions and are subject to risks and uncertainties. These risks and uncertainties include, among other things, our ability to achieve OWYN’s net sales and adjusted EBITDA estimates and anticipated synergies from the OWYN acquisition, our net leverage ratio following the acquisition, adjusted earnings per share following the acquisition, our ability to retain OWYN’s workforce and successfully integrate OWYN, the exposure of our operations to changes in consumer preferences and purchasing habits for our products, the global supply chain and the effects of supply chain constraints and inflationary pressures on us and our contract manufacturers, our ability to continue to operate profitably or maintain margins, the impact of the pandemic or other global disruptions on our business, financial condition and results of operations, the sufficiency of our sources of liquidity and capital, our ability to maintain current operating levels and implement our growth strategies, our ability to maintain and gain market acceptance for our products or new products, our ability to capitalize on attractive opportunities, our ability to respond to competition and changes in the economy, including changes in inflation and rising ingredient and packaging costs, and labor challenges for our contract manufacturers and third parties. suppliers of batch logistics, quantities of or changes in certain anticipated raw materials and other costs, difficulties or delays in realizing synergies and cost savings in connection with acquisitions, changes in the business environment in which we operate, including general financial, economic, capital market, regulatory and geopolitical conditions affecting us and the industry in which we operate, our ability to maintain adequate levels of product inventories to timely fulfill customer orders, changes in taxes, tariffs, duties, governmental laws and regulations, the availability of or competition with other brands, assets or other opportunities for us to invest in or expand our business, competitive product and pricing activity, difficulties in managing growth profitably, the loss of one or more members of our management team, potential cost increases and harm to our business resulting from unauthorized access to the information technology systems we use in our business, the expansion of our wellness platform, and other risks and uncertainties identified in the Company’s reports on Forms 10-K, 10-Q and 8-K (including any amendments to those reports) filed since from time to time with the U.S. Securities and Exchange Commission. In addition, forward-looking statements represent the Company’s expectations, plans or projections regarding future events and views as of the date of this communication. Except as required by law, the Company undertakes no obligation to update such statements to reflect events or circumstances that occur after such date and cautions investors not to place undue reliance on such forward-looking statements. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.

Contact for investors
Mark Pogharian
Vice President, Investor Relations, Treasury and Business Development
Simply Good Foods Company
(720) 768-2681
[email protected]