Snyder's-Lance, Inc. appoints Brian Driscoll as President and CEO

Snyder's-Lance, Inc. (Nasdaq:LNCE) announced yesterday that the Company's Board of Directors has appointed Brian Driscoll as its President and Chief Executive Officer.

Mr. Driscoll has been serving as the Company's Interim President and CEO since April. He was the former President and CEO of Diamond Foods, Inc. and was appointed to the Snyder's-Lance Board of Directors on February 29, 2016 in connection with the Company's acquisition of Diamond Foods.

Jim Johnston, Chairman Snyder's-Lance, Inc.:

"On behalf of the Snyder's-Lance Board of Directors, I am delighted to announce Brian's appointment as our new President and CEO.”

“We have been impressed with the significant progress made by Brian and the management team during the last few months to create a comprehensive performance improvement plan focused on delivering greater value for our shareholders.”

“Brian's impressive experience in the consumer packaged goods industry, combined with his knowledge of the Diamond Foods brands and early strides in the role, make him uniquely qualified to lead the Company."

Brian Driscoll:

"The chance to serve as chief executive of Snyder's-Lance at such an important time in its development is an incredible opportunity.”

“The Company's products and brands are invaluable assets, and I look forward to implementing our strategic plan focused on improving the Company's performance."

Brian Driscoll has more than 35 years of experience in the food industry having served most recently as the President and CEO of Diamond Foods from 2012 until 2016.

Prior to joining Diamond Foods, from 2010 to 2012, Mr. Driscoll was CEO of Hostess Brands. From 2002 to 2010, he held senior management positions at Kraft Foods, Inc., including as President, Sales, Customer Service and Logistics, Kraft North America from 2007 to 2010.

Mr. Driscoll joined Kraft Foods, Inc. as a result of Kraft's acquisition of Nabisco, where he worked from 1995 to 2002, first as President of Sales and Integrated Logistics and later as the Senior Vice President, Biscuit Sales and Customer Service.