Utz Brands, Inc. (NYSE: UTZ) recently announced changes to its board of directors, with the retirement of Michael W. Rice and the appointment of William "B.J." Werzyn Jr. Rice, who had served the company for over fifty years, retired from the board on August 20, 2024, but will continue to participate in board activities as an observer. Werzyn, the executive chairman, founder, and CEO of West Shore Home, LLC, has been appointed to fill the vacancy left by Rice.
Rice played a pivotal role in diversifying the company's product portfolio with pretzels, cheese curls, and other salty snack food subcategories. Under his leadership, Utz also expanded its capabilities, capacity, and geographic reach beyond its central Pennsylvania and Maryland roots. Rice's legacy was characterized by his attention to detail and his treatment of the company's associates as family.
On the other hand, Werzyn brings a wealth of entrepreneurial and business acumen to the board. He has been serving as CEO of West Shore Home, LLC since 2006 and as the company's executive chairman since October 2020. Under his leadership, West Shore launched the nonprofit organization, West Shore for Warriors, with a mission to serve U.S. veterans, active military members, and their families.
Utz Brands, Inc. manufactures a diverse portfolio of savory snacks under popular brands such as Utz®, On The Border® Chips & Dips, Zapp’s®, and Boulder Canyon®, distributed nationally through various channels.
It is evident that Utz is making strategic changes at the board level, bringing in new expertise and leadership while honoring the legacy of long-serving board members. Today the company's shares have moved 1.6% to a price of $17.26. For more information, read the company's full 8-K submission here.
