The Simply Good Foods Company announced a CEO succession plan. Geoff Tanner, formerly Chief Commercial and Marketing Officer at The J.M. Smucker Company, Mr. Tanner will subsequently succeed Joseph E. Scalzo as Chief Executive Officer on July 7, 2023, in connection with Mr. Scalzo's sixth anniversary as CEO of the Company. As CEO of Simply Good Foods and its predecessor Atkins Nutritionals Inc., Mr. Scalzo has overseen a period of profound growth, innovation and value creation for nearly 10 years.

He was instrumental in the Company's successful entrance into the public markets and its transformational acquisition of Quest, which together have positioned Simply Good Foods as a US leader in nutritional snacking. Under Mr. Scalzo's impressive leadership, Simply Good Foods seized the mega trend consumer moment of healthy eating and capitalized on the global movement toward e-commerce, expanding product offerings and channel diversification to meet consumers' evolving preferences. During this time, the Company grew net sales organically and by acquisition from $369.0 million in fiscal year 2016, the last fiscal year prior to the Company's listing on Nasdaq, to nearly $1.2 billion in fiscal year 2022, delivering a compound annual growth rate (CAGR) of approximately 21.2%.

Mr. Scalzo guided the Company to achieve this growth despite the volatile operating environment spurred by the COVID-19 pandemic, while also instilling an inclusive, accountable and high-achieving culture across the Company. Mr. Tanner has more than 20 years of experience driving financial and marketplace results for leading food companies including Smucker, Del Monte Foods and Big Heart Pet Brands. In his most recent executive leadership position at Smucker, overseeing the $8+ billion JMS Commercial organization, he led a successful transformation of the company's marketing and sales organizations, which helped Smucker deliver successive years of growth in organic sales, profits and market share, contributing to meaningful stock price appreciation.

He brings significant expertise in strategy and business development, operations, brand building, innovation, omnichannel strategy and revenue management.