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Simply Good Foods Appoints Joe Scalzo as President and Chief Executive Officer

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DENVER, Jan. 20, 2026 (GLOBE NEWSWIRE) -- The Simply Good Foods Company (NASDAQ: SMPL) (“Simply Good...

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AI Summary

Simply Good Foods appointed Joe Scalzo as CEO, aiming for renewed growth and profitability. With his previous experience and understanding of the market, there are expectations for enhanced innovation in nutritional snacks, supporting the company's long-term outlook.

Sentiment Rationale

Historical evidence shows that leadership changes can re-energize company strategies, often leading to stock price increases, particularly when experienced executives return.

Trading Thesis

SMPL stock is expected to rise as Scalzo's leadership may drive growth within 6-12 months.

Market-Moving

  • Scalzo's return signals a strategic shift that could lead to higher profitability.
  • Investor confidence may increase, benefiting SMPL's stock price.
  • Any announced innovations or product launches could enhance sales and stock performance.
  • Continued stability in fiscal outlook could provide a solid foundation for growth.

Key Facts

  • Joe Scalzo returns as CEO of Simply Good Foods, effective immediately.
  • He aims to reignite growth and improve profitability.
  • Under Scalzo, the company achieved significant growth and innovation.
  • The company's Fiscal Year 2026 outlook remains unchanged.
  • Board chairman praises Scalzo's vision and past contributions.

Companies Mentioned

  • Simply Good Foods Company (SMPL): High potential for stock value increase under Scalzo's leadership.
  • Atkins Nutritionals, Inc. (N/A): Previous integration success may inspire future acquisitions.
  • Quest Nutrition (N/A): Past growth through acquisition could be replicated in future strategies.

Corporate Developments

The category type aligns with 'Corporate Developments' as the leadership change may directly influence the company's strategic direction and operational performance, crucial for potential investors focused on growth metrics.

Simply Good Foods Announces New Leadership: Joe Scalzo Returns as President and CEO

On January 20, 2026, Simply Good Foods Company (NASDAQ: SMPL), a leader in the Nutritional Snacking category, announced the appointment of Joe Scalzo as its new President and Chief Executive Officer. This strategic move initiates a new chapter aimed at reinvigorating growth and enhancing profitability within the organization. Scalzo, who previously held the CEO position until July 2023 and served as Executive Vice Chairman until August 2024, succeeds Geoff Tanner effective immediately.

Leadership Transition and Future Vision

Effective January 28, 2026, Scalzo will also join the Company’s Board of Directors after the upcoming Annual Meeting of Stockholders. His familiarity with the brand, business infrastructure, and vision for a contemporary nutritional snacking platform will be critical as Simply Good Foods looks to adapt to evolving market trends and consumer preferences.

During his previous tenure, Scalzo was instrumental in creating substantial value for the company, overseeing its public market debut in 2017 and spearheading its development into a multi-brand leader through the successful acquisition of Quest Nutrition.

Board Chairman's Comments on Scalzo's Return

James Kilts, Chairman of the Board of Directors, expressed enthusiasm about Scalzo's return: “Joe is a visionary in our industry, widely admired for his role as the key architect of the business over the last decade. We are pleased to welcome him back as we embark on a new chapter of driving growth and creating value for our stockholders.”

Scalzo's Vision for Simply Good Foods

In his statement, Scalzo expressed excitement about rejoining the company: “I am energized to be returning home to Simply Good Foods at this critical moment. Together with our exceptional team, we have a clear mission to secure Simply Good Foods’ leadership in innovation and product quality while ensuring best-in-class execution.”

His confidence in the company's capacity to stay at the forefront of the nutritional snacking landscape underscores his commitment to driving growth and innovation.

Acknowledgment of Geoff Tanner's Contributions

In his closing remarks, Kilts acknowledged the efforts of Geoff Tanner in navigating the company through a dynamic operating environment, expressing gratitude for his contributions while wishing him well in future endeavors.

Fiscal Year 2026 Outlook Remains Steady

As part of this leadership transition, Simply Good Foods reaffirmed its outlook for Fiscal Year 2026, a forecast shared during the Fiscal First Quarter 2026 financial results announced on January 8, 2026. This outlook remains unchanged, highlighting the company’s stable trajectory amidst leadership changes.

About Simply Good Foods

Headquartered in Denver, Colorado, The Simply Good Foods Company (NASDAQ: SMPL) is dedicated to raising the standards of what food can deliver, featuring trusted brands and innovative nutritious snack options. The product line includes well-known brands such as Quest™, Atkins™, and OWYN™, offering a diverse array of nutritional snacks and beverages—including high-protein chips, bars, ready-to-drink shakes, and low-sugar sweets.

With a strong presence in the nutritious snacking movement, Simply Good Foods is positioned for continued expansion through innovation-driven organic growth and potential external investment opportunities.

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