Flowers Foods Elects David V. Singer to Board of Directors
November 20 2009 - 1:02PM
PR Newswire (US)
THOMASVILLE, Ga., Nov. 20 /PRNewswire-FirstCall/ -- The board of
directors of Flowers Foods (NYSE:FLO) elected David V. Singer,
president and chief executive officer of Lance, Inc., to the
company's board of directors effective January 1, 2010. At that
time, Flowers Foods' board will expand to 12 directors, 11 of whom
are independent board members. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080530/CLF007LOGO ) "We are
delighted to welcome Mr. Singer to our board," said George E.
Deese, chairman of the board, CEO, and president of Flowers Foods.
"His broad business experience with companies that have similar
market delivery systems to ours will enhance the composition of our
board. We look forward to his contribution as we guide Flowers
Foods' development and growth strategy." Singer has been president
and chief executive officer of Lance, Inc., a publicly traded snack
foods manufacturer headquartered in Charlotte, N.C., since 2005 and
a director since 2003. Since Singer joined Lance, the company has
grown internally and with several strategic acquisitions. He also
has led efforts to transform Lance into a more effective competitor
in the snack food industry through organizational changes and
focused sales growth as well as enhancements of the company's
supply chain, direct-store-delivery system, and information
systems. Previously, Singer was executive vice president and chief
financial officer with Coca-Cola Bottling Co. Consolidated in
Charlotte where he had broad functional responsibilities and was
directly involved in numerous acquisitions, the development of a
joint venture with The Coca-Cola Company, and in overseeing
significant improvements in operating efficiency. Company
Information Headquartered in Thomasville, Ga., Flowers Foods is one
of the nation's leading producers and marketers of packaged bakery
foods for retail and foodservice customers. Among the company's top
brands are Nature's Own, Whitewheat, Cobblestone Mill, Blue Bird,
and Mrs. Freshley's. Flowers operates 40 bakeries that are among
the most efficient in the baking industry. Flowers Foods produces,
markets, and distributes fresh bakery products that are delivered
to customers daily through a direct-store-delivery system serving
the Southeast, Mid-Atlantic, and Southwest as well as select
markets in California and Nevada. The company also produces and
distributes fresh snack cakes and frozen breads and rolls
nationally through warehouse distribution. For more information,
visit http://www.flowersfoods.com/. Statements contained in this
press release that are not historical facts are forward-looking
statements. All forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ from those
projected. Other factors that may cause actual results to differ
from the forward-looking statements contained in this release and
that may affect the company's prospects in general include, but are
not limited to, (a) competitive conditions in the baked foods
industry, including promotional and price competition, (b) changes
in consumer demand for our products, (c) the success of
productivity improvements and new product introductions, (d) a
significant reduction in business with any of our major customers
including a reduction from adverse developments in any of our
customer's business, (e) fluctuations in commodity pricing, (f) our
ability to fully integrate recent acquisitions into our business,
and (g) our ability to achieve cash flow from capital expenditures
and acquisitions and the availability of new acquisitions that
build shareholder value. In addition, our results may also be
affected by general factors such as economic and business
conditions (including the baked foods markets), interest and
inflation rates and such other factors as are described in the
company's filings with the Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20080530/CLF007LOGO
http://photoarchive.ap.org/ DATASOURCE: Flowers Foods, Inc.
CONTACT: Mary A. Krier, Vice President/Communications of Flowers
Foods, Inc., +1-229-227-2333 Web Site: http://www.flowersfoods.com/
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