Simply Good Foods CFO Shaun Mara leaves at short notice

  • Push-out Score suggests push-out forces
  • After less than two years on the job
  • Accolades, praise and thanks for Mara
  • Todd Cunfer taking over
  • Mara said 57 words

(exechange) — Denver, Colorado, August 11, 2017 — Shaun Mara, finance chief of Simply Good Foods, leaves. It is a change at short notice. As announced by The Simply Good Foods Company in a news release and in a regulatory filing published on Friday, August 11, 2017, Shaun P. Mara leaves the post as Chief Financial Officer at the nutritional foods and snack products company in a surprising move after less than two years on the job, effective August 26, 2017.

No company wants a CFO to flame out in the first years.

Mara’s duties are taken over by Todd Cunfer, currently Vice President Finance at The Simply Good Foods Company.

Mara’s move is part of a management shake-up also involving the position of Chief Customer Officer.

Robert Gandert, Chief Customer and Business Development Officer, will step down from his role as of fiscal year-end on August 26, 2017, and Jill Short, Senior Vice President of Sales, will be promoted to Chief Customer Officer, effective August 27, 2017

No reason given

In the announcement, Simply Good Foods did not explicitly explain the reason for Mara’s imminent move, leaving room for speculation.

Precise information about the future plans of Mara was not immediately available.

“Resigning”

Simply Good Foods said: “On August 7, 2017, Shaun Mara, Chief Administrative Officer and Chief Financial Officer of The Simply Good Foods Company …, notified the Company that he would be resigning as the Company’s chief administrative officer and chief financial officer effective August 26, 2017.”

Chaired by James M. Kilts

The Simply Good Foods Company is chaired by James M. Kilts.

CEO: Joseph E. Scalzo

Joseph E. Scalzo serves as CEO of The Simply Good Foods Company. Joseph E. Scalzo has served as the Chief Executive Officer and President of Atkins, and as a member of its board of directors, since February 2013.

On the job as CFO since 2016

Shaun P. Mara has been Chief Administrative Officer and Chief Financial Officer of The Simply Good Foods Company since July 07, 2017.

Shaun P. Mara has served as the Chief Administrative Officer of Atkins since August 2014 overseeing Atkins’ finance, accounting, tax and I/T functions, and he assumed the role of Chief Financial Officer in January 2016, following the departure of the previous Chief Financial Officer, who reported directly to Mara.

Prior to joining Atkins, Mara served as Chief Financial Officer of Roofing Supply Group LLC from August 2013 to July 2014.

From December 2010 to March 2013, Mara served as Executive Vice President and Chief Financial Officer of the Dean Foods Company.

Prior to joining Dean Foods, Mara held various positions at the Wm. Wrigley Jr. Company, Gillette Company, Staples, Inc. and KPMG LLP.

Mara received a Bachelor of Science in Accounting from Bentley University.

Mara will assist with the executive team transition and continue to support the Company on strategic initiatives in an advisory role through November 30, 2017.

Push-out Score suggests push-out forces

It is not completely certain what forces eventually triggered Shaun Mara’s imminent move.

The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.

Read the full story in the exechange report 33.2017 ($).