- Push-out Score determined
- After about 50 years in the position
- Accolades and praise for Shreiber
- Dan Fachner taking over
- Shreiber will remain as Chairman at J & J Snack
- Shreiber said 124 words
(exechange) — Pennsauken, New Jersey, May 14, 2021 — Gerry Shreiber, chief executive of J & J Snack, leaves his position. As announced by J & J Snack Foods Corp. in a news release and in a regulatory filing published on Friday, May 14, 2021, Gerald B. (Gerry) Shreiber has left his post as chief executive officer at the maker of branded niche snack foods and frozen beverages after about 50 years in the role, effective May 11, 2021.
It is the end of an era.
Gerry Shreiber’s duties as CEO will be taken over by Daniel (Dan) Fachner, most recently President at J & J Snack Foods Corp.
No reason given
In the announcement, J & J Snack did not explicitly explain the reason for Gerry Shreiber’s move, leaving room for speculation.
Shreiber will remain as Chairman at J & J Snack
“Gerald “Gerry” B. Shreiber, will remain Chairman of the Board,” J & J Snack said.
J & J Snack said: “On May 11, 2021 J & J Snack Foods Corp. (the “Company”) appointed Mr. Dan Fachner, the Company’s current President, as Chief Executive Officer and Mr. Gerald B. Shreiber, who previously held the role, will remain as Chairman of the Company’s Board of Directors.”
Share price increase since May 2016
The announcement follows an increase in J & J Snack Foods Corp.’s share price of 65% since May 2016.
In the position of CEO since 1971
Gerry Shreiber became CEO of the Company in 1971.
Gerald B. Shreiber is the founder of the Company and has served as its Chairman of the Board, President, and Chief Executive Officer since its inception in 1971.
In May 2020 Shreiber stepped down as President of J & J Snack Foods Corp.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Gerry Shreiber’s move on a scale of 0 to 10.
exechange reached out to J & J Snack and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 20.2021 ($).