Sector News

TreeHouse Foods names former Smucker Co. exec Steve Oakland CEO

March 6, 2018
Consumer Packaged Goods

TreeHouse Foods Inc. said Monday it has named Steven Oakland as chief executive officer and president, effective March 26.

Oakland, most recently vice chair and president, U.S. food and beverage at The J.M. Smucker Company is replacing Sam Reed, who will serve as non-executive chairman of the board through July 1 before retiring.

TreeHouse makes packaged foods and beverages at manufacturing facilities in the U.S., Canada and Italy, focusing on private label products for retail grocery and food away from home customers. TreeHouse shares were not yet active premarket, but have fallen 54% in the last 12 months, while the S&P 500 has gained 13%.

By Ciara Linnane

Source: MarketWatch

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