Karl Wolf to Resign as CEO; Remain Chairman of the Board of Directors
EAST RUTHERFORD, NJ, June 23, 2022 (GLOBE NEWSWIRE) — Mama Mancini’s Holdings, Inc. (NASDAQ: MMMB), a retailer and distributor of specialty processed foods, today announced the appointment of esteemed food industry executive Adam L. Michaels to the position of chief executive officer and member of the board of directors. of the directors of MamaMancini’s, effective September 6, 2022. During this time, Karl Wolf will step down as CEO and continue as Chairman of the Board of Directors.
Adam Michaels is a seasoned food industry executive and former management consultant with extensive experience transforming consumer-facing companies. Previously, Adam worked for Mondelez International, a multinational food and beverage company operating in over 150 countries. Over the past nine years, he has held multiple roles at Mondelez with increasing responsibility in supply chain, commercial sales and marketing, and strategy. Adam led the North American organization Insights & Analytics at Mondelez and most recently was responsible for M&A and Commerce at North American Ventures, a business unit made up of high-growth brands including Perfect Snacks, a chilled snack brand, Hu, an ultra-simple multi-category lifestyle. brand and Tate’s Bake Shop, a premium cookie brand, among others. Prior to joining Mondelez, Adam was a director of Booz & Company, a management consulting firm, for seven years, where he specialized in the food and beverage sector. He began his career at Capital One Financial and holds an MBA in Marketing and Management from Columbia University Business School and a BA in Bioengineering from the University of Pennsylvania.
“We are honored that Adam’s CEO as CEO has a deep understanding of the food industry and an impressive track record of achievement at Mondelez,” said Karl Wolf, Chairman of MamaMancini’s. “He has a clear passion for consumer needs and a deep understanding of the entire food and beverage value chain. His experience across channels and stores is well suited for the next phase of our business as we look to accelerate the company’s growth through innovation and M&A. His early career in operations and proven track record in margin control and management, as well as his leadership in finding new brands, will be critical to our future ambitions. Adam will play an important role in guiding us as we move into the next phase as a national platform company.
“It has been my great honor to be the CEO of MamaMancini’s and I would like to extend my sincere thanks to our staff, whose hard work and dedication has made it possible for us to achieve so much. I look forward to continuing my leadership as Chairman of the Board of Directors. I am confident that Adam is the best fit to lead our company in the future and I look forward to working closely with him to ensure a smooth transition and continued value creation for shareholders,” concluded Wolf.
Added Adam Michaels: “I was drawn to MamaMancini’s origin story, high quality and delicious products, and strong relationships with retail customers. MamaMancini’s innovative product portfolio allows you to capitalize on changing post-COVID consumer habits. Carl’s work and accomplishments as CEO have provided the company with a national distribution network and incredible penetration into retail channels. This progress, combined with exciting product innovations and active acquisitions, has ensured the company’s continued success in the coming years. I am thrilled to be able to partner with our leadership team to take MamaMancini’s to the next exciting milestone in its growth journey.”
About MamaMancini’s Holdings, Inc.
MamaMancini’s Holdings, Inc. (NASDAQ: MMMB) is a retailer and distributor of specialty convenience foods, all-natural products. MamaMancini’s wide range of products consists of meatballs, meatloaf, sausages and pasta bowls with beef, turkey, chicken and pork, as well as a range of chicken, olives, savory foods and salads through T&L subsidiaries Creative Salads and Olive Branch. . The company’s products are sold in more than 45,000 locations across the country, including regional grocery stores and well-known retail chains such as Sam’s Club, ALDI Markets, Schnuck Markets, Whole Foods, Publix, ShopRite, Stop & Shop, Costco and Albertsons, and through national distributors such as Sysco and United Natural Foods. The company also maintains a direct presence on QVC. For more information please visit www.mamamancinis.com.
Forward looking statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934. “Forward-looking statements” describe future expectations, plans, results, or strategies that usually preceded by words such as “may”, “future”, “plan” or “scheduled”, “will” or “should”, “expected”, “foresaw”, “project”, “ultimately” or “projected” “. You are cautioned that such statements are subject to a variety of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements, including risks that actual results could differ materially from those projected in forward-looking statements as a result of various factors and other risks identified in the Company’s 10-K for the financial year ended January 31, 2022 and other documents filed by the Company with the Commission this Securities and Exchange Commission.
Contacts for investors:
Lucas A. Zimmerman
MZ Group – MZ North America