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Inventure Foods Inc (SNAK.OQ)

SNAK.OQ on NASDAQ Stock Exchange Global Select Market

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12 Dec 2017
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Summary

Name Age Since Current Position

Timothy Cole

59 2017 Interim Chairman of the Board

Terry McDaniel

58 2008 Chief Executive Officer, Director

Steve Weinberger

63 2006 Chief Financial Officer

Daniel Hammer

53 2014 Senior Vice President, General Manager - Frozen Division

Steven Sklar

51 2013 Senior Vice President, General Manager - Snack division

E.Brian Foster

52 2010 Senior Vice President - Operations

Macon Edmonson

61 2006 Director

Ashton Asensio

70 2006 Independent Director

Paul Lapadat

49 2013 Independent Director

Joel Stewart

2017 Independent Director

Katie Turner

IR Contact Officer

Biographies

Name Description

Timothy Cole

Mr. Timothy A. Cole is Interim Chairman of the Board of Inventure Foods Inc. Mr. Cole most recently served as Executive Vice President of Sales at Del Monte Foods, Inc., a Fortune 500 consumer packaged foods company, from 2004 until his retirement in 2014. From 1979 to 2004, Mr. Cole held a variety of positions with The Quaker Oats Company, now a unit of PepsiCo, Inc., where he became Vice President of National Accounts for the United States. Mr. Cole received his Bachelor of Science degree in Marketing from Florida State University and currently serves on the Board of Governors at Florida State University.

Terry McDaniel

Mr. Terry E. McDaniel is Chief Executive Officer, Director of Inventure Foods Inc. Mr. McDaniel has served as a Director and Chief Executive Officer of the Company since May 2008 and as Chief Operating Officer from April 2006 to April 2008. Since May 2008, Mr. McDaniel has served on the Board of Directors of Foster Farms Dairy, the largest privately owned dairy in California, and currently serves as its lead director and Chair of the Compensation Committee. Mr. McDaniel served as Chairman of the Snack Food Association from March 2009 to March 2010, and served on its executive committee from March 2007 to March 2012. Mr. McDaniel has served on the Chairman’s Advisory Committee of the Grocery Manufacturers Association, most recently since 2006. From September 2003 to April 2006, Mr. McDaniel was President and a director of MSLI Worksite Benefits, a company that marketed voluntary benefits through the worksite to Fortune 1000 companies. From 1998 to 2003, Mr. McDaniel served as President, Chief Executive Officer and a director of Wise Foods, Inc. Prior to 1998, Mr. McDaniel served as Vice President of Sales and Marketing for Wise Foods, Inc., and as Vice President of Sales and Distribution for Haagen-Dazs Company, Inc. Prior to these positions, he held sales leadership positions for companies such as the Nestle Corporation, Tropicana Products, Inc. and Unilever. Mr. McDaniel received a bachelor’s degree in business and a Masters of Business Administration from Columbus State University.

Steve Weinberger

Mr. Steve Weinberger is Chief Financial Officer of Inventure Foods Inc., since August 8, 2006. From July 2004 to July 2006, Mr. Weinberger has served as Chief Financial Officer of the Company since August 2006. From July 2004 to July 2006, Mr. Weinberger was Chief Financial Officer of Fiera Foods Co. From 1999 to 2003, Mr. Weinberger was Senior Vice President of Finance at Canada Bread Company. From 1979 to 1999, Mr. Weinberger was employed at Nabisco Canada, where he last served as Senior Vice President of Finance of the Christie Brown & Company division. Mr. Weinberger received a Bachelor of Arts degree with honors and a Masters of Business Administration from York University.

Daniel Hammer

Mr. Daniel W. Hammer is Senior Vice President, General Manager - Frozen Division of the Inventure Foods Inc. Mr. Hammer has served as Senior Vice President and General Manager of the Frozen division of the Company since May 2014. Mr. Hammer recently served as Vice President of Michael Angelo’s Gourmet from February 2012 until December 2013. From 2008 to 2011, he was Senior Vice President of Marketing at Schwan’s Consumer Brands. Prior to that, Mr. Hammer worked at ConAgra Foods, Unilever, Snyder’s of Hanover and Nestle Foods. Mr. Hammer holds a Bachelor of Business Administration degree from the University of Notre Dame.

Steven Sklar

Mr. Steven Sklar is Senior Vice President, General Manager - Snack division of Inventure Group Inc. Mr. Sklar has served as the Senior Vice President and General Manager of the Snack division of the Company since December 2013. Prior to such time, Mr. Sklar served as the Senior Vice President of Marketing of the Company from 2005 to December 2013. Prior to that, Mr. Sklar was Director of Marketing for Au Bon Pain from 2002 to 2005, Director of Marketing for Legal Seafoods from 2001 to 2002, owner of Gourmet Food Marketing Company from 1998 to 2001, and Vice President — Marketing for MC Retail Foods from 1986 to 1996. Mr. Sklar received a Bachelor of Science degree in Food Marketing from the University of Massachusetts. .

E.Brian Foster

Mr. E.Brian Foster, is Senior Vice President — Operations of Inventure Foods Incsince October 2010. Mr. Foster has served as Senior Vice President — Operations of the Company since October 2010. From 2008 to October 2010, Mr. Foster was Executive Vice President — Global Operations of Colwell, Inc. Mr. Foster served as Vice President — Operations of the Company from 2005 to 2008 and Plant Director (Bluffton, Indiana) of the Company from 2002 to 2005. Mr. Foster received a Bachelor of Science degree and a Master of Science degree in Industrial Management from Clemson University.

Macon Edmonson

Mr. Macon Bryce Edmonson is Director of Inventure Foods Inc., since July 25, 2006. Mr. Edmonson has served as a Director of the Company since July 2006 and was the Chairman of the Compensation Committee from October 2008 until September 2013. Mr. Edmonson is currently the Chief Executive Officer of Bland Farms, LLC, a large multinational farming and sales operation based in Glennville, Georgia. Bland Farms is principally engaged in the production and sales of sweet onions. Mr. Edmonson served as a Senior Vice President in charge of the North American business of Del Monte Fresh Produce Company from 1995 to 2005 and, since mid-2005, has been a consultant for the food industry helping companies realign their strategies and position themselves for growth in the North American market. On January 26, 2012, Arroyo Farming Partners LLC, an entity in which an affiliate of Mr. Edmonson is a 25% partner, voluntarily filed under Chapter 7 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Arizona. Mr. Edmonson received Bachelor and Master of Science degrees in Entomology from the University of Florida and a Masters of Business Administration in Marketing from the University of Miami.

Ashton Asensio

Mr. Ashton D. Asensio is Independent Director of Inventure Foods Inc., since February 21, 2006. He has served as a Director of the Company since February 2006 and was appointed Chairman of the Audit Committee in July 2006. Mr. Asensio is a financial and operations consultant. From January 2009 to June 2013, he served as Chief Financial Officer of Security Alarm Financing Enterprises, L.P., a California security alarm account aggregator. From 2003 to January 2009, Mr. Asensio was a financial and operations consultant. From March 2005 to January 2009, Mr. Asensio provided consulting services to American Pacific Financial Corp., a Grand Terrace, California-based asset management firm (“APFC”) and various entities in which APFC had an ownership interest, including Realty Information Systems, Inc., a franchising organization (“RIS”). From August 2005 to February 2006, Mr. Asensio served as Chief Financial Officer of RIS. On March 28, 2008, an involuntary action was filed against RIS under Chapter 7 of the Bankruptcy Code, 11 U.S.C. Section 101, et. seq. (the “Bankruptcy Code”), in the United States Bankruptcy Court for the District of Nevada. RIS disputed the petition, but subsequently consented to relief under Chapter 11 of the Bankruptcy Code on July 15, 2008. APFC and its affiliates prevailed as the successful credit bidder for the RIS assets in a sale pursuant to an order of the Bankruptcy Court on December 30, 2008. From March 1, 2008 through December 31, 2008, Mr. Asensio provided services to RIS as a consulting Chief Financial Officer under a consulting arrangement with RIS. From 1972 to 1979, Mr. Asensio was an audit manager for Peat Marwick Mitchell. Mr. Asensio received his Bachelor of Science degree in Accounting from Florida Atlantic University and received his Master of Accounting degree from Florida State University.

Paul Lapadat

Mr. Paul J. Lapadat is Independent Director of Inventure Foods, Inc., since May 15, 2013. Since 2010, Mr. Lapadat has served as a Director of the Company since May 2013 and was appointed Chairman of the Compensation Committee in September 2013. Since 2010, Mr. Lapadat has been Chief Executive Officer of Flagstone Foods, formerly Snacks Holding Corporation. In November 2010, Gryphon Investors, a San Francisco-based private equity firm, purchased Ann’s House of Nuts and Amport Foods, and appointed Mr. Lapadat as Chief Executive Officer. Flagstone Foods is the parent company of Ann’s House of Nuts and Amport Foods, both industry leading private label snack food companies competing in the trail mix, dried fruit, snack nuts and wholesome snacks segments. From 2004 to 2010, Mr. Lapadat served as President and Chief Operating Officer of the $2 billion Snack Foods Group for ConAgra Foods, a Fortune 500 consumer packaged goods company whose brands include Orville Redenbacher’s™, Slim Jim™, DAVID™ Sunflower Seeds, ACT II™ and Crunch ‘n Munch™ along with the Store Brands Division. Previously, Mr. Lapadat served as General Manager of ConAgra’s Store Brands Division from 2001 to 2003, where he managed over 20 private label categories. Prior to ConAgra, Mr. Lapadat held multiple positions of increasing responsibility in Marketing and Brand Management for The Pillsbury Company and Kraft Foods. Prior to these positions, Mr. Lapadat began his career in Finance at General Mills. Directorships include service on the board of directors of Flagstone Foods from 2010 to present and the Snacks Foods Association in 2009. Mr. Lapadat received his Bachelor of Arts degree in Accounting from the University of St. Thomas and a Masters of Business Administration in Marketing and General Management from UCLA Anderson School of Management.

Joel Stewart

Mr. Joel D. Stewart is Independent Director of the Company. Mr. Stewart currently serves as a Vice President of LKCM Headwater Investments, the private equity arm of Luther King Capital Management Corporation, an SEC-registered investment advisory firm (“LKCM”). Mr. Stewart has been with LKCM since August 2013 and serves as a director and/or advisor to multiple portfolio companies held by LKCM Headwater Investments and other LKCM affiliates. Previously, Mr. Stewart served as a Vice President at The Presidio Group, a San Francisco-based wealth management, investment and advisory firm, a Principal of 6Pacific Partners, LLC, a boutique merchant bank focused on the food, beverage and nutrition industries, and as an investment banker at JPMorgan. Mr. Stewart received his Bachelor of Business Administration in Finance and Economics from Baylor University and his Masters of Business Administration from the McCombs School of Business at the University of Texas.

Katie Turner

Basic Compensation