B&G Foods announced the retirement of President and CEO Kenneth C. “Casey” Keller and the immediate appointment of board member Robert D. Mills as his successor. Mr. Mills, who has served on the company's board since 2018, will take over as President and Chief Executive Officer effective August 10, 2026.
Key Details
- Leadership Transition: Kenneth C. “Casey” Keller retired as President, CEO, and a director effective August 7, 2026. Robert D. Mills, a current board member, was appointed President and CEO effective August 10, 2026.
- New CEO Compensation: Mr. Mills' employment agreement includes a $950,000 annual base salary, a $500,000 cash sign-on bonus, and a $375,000 guaranteed pro-rata bonus for fiscal 2026. He also received a sign-on grant of 134,408 restricted shares and options for 900,000 shares.
- New CEO Background: Mr. Mills previously held senior leadership roles at Tractor Supply Company (NASDAQ: TSCO), Ulta Beauty Inc., and Sears Holding Corp.
- Outgoing CEO Retirement Package: Mr. Keller's retirement agreement includes salary continuation payments of $2,448,516 and the accelerated vesting of 519,396 shares of restricted stock.