Food Business News - June 12, 2018 - 11

Chris Neugent promoted to key
strategy position at Post Holdings
ST. LOUIS - Chris Neugent has been
promoted to executive vice-president of
strategy for Post Holdings, Inc. from his
previous role of president and chief executive officer of Post Consumer Brands. In
his new position, Mr. Neugent will work
with Post's business units to develop
strategic plans and competitive advantages.
Mr. Neugent joined Post
in 2015 when the company
formed its consumer brands
unit by combining Post Foods
with MOM Brands. Before
that, he was the chairman
and c.e.o. of MOM Brands
Co. since 2008. Earlier in
his career, Mr. Neugent was marketing
vice-president for the Frito-Lay brand at
PepsiCo, Inc.
Succeeding Mr. Neugent as president and c.e.o. of Post Consumer Brands
is Howard Friedman, former executive

vice-president of the Kraft Heinz Co.'s
meat and dairy business. Mr. Friedman
joined Kraft Foods in 1997 after serving
more than five years in the U.S. Army. He
held various increasing leadership roles
within the company, eventually becoming president of Walmart sales for Kraft.
He was appointed to his current
role at Kraft Heinz in 2016 and
will join Post on July 23.
"Chris and his team have
done an extraordinary job in
a challenging environment,
and I expect that Howard will
build further upon our success,"
said Rob Vitale, president and
c.e.o. of Post Holdings. "Attracting a talent like Howard is a credit
to the entire Post organization. I am also
delighted that Chris will join me in working with our businesses to build value
by developing organic growth strategies
and M.&A. opportunities." FBN


Snack delivery service secures
$12 million investment

LOS ANGELES - SnackNation, a directto-consumer snack delivery service, has
secured $12 million in Series B funding
led by 3L Capital. The investment brings
SnackNation's total venture funding to
$22.5 million.
SnackNation plans to use the additional capital to expand its enterprise
network and open new distribution channels, including hospitality and transportation. Also in the works, the company
said, is a plan to scale SnackNation's

June 12, 2018

business and position itself as "the go-to
marketplace for emerging C.P.G. brands."
Founded in 2014, SnackNation delivers better-for-you snacks to approximately 500,000 people in offices nationwide,
including companies such as Microsoft,
Bolthouse Farms, Uber and The Huffington Post. Each of the company's snack
boxes contains 150 single-serve snacks
such as nutrition bars, chips, jerky, granola, trail mix and dried fruit.
"At SnackNation, we're creating
a 21st century retailer by connecting
today's top emerging C.P.G. brands with
consumers during their most engaged
moments," said Sean Kelly, chief executive officer of SnackNation. "With retail
shelf space shrinking and people spending less time in brick-and-mortar grocery
stores, creating new brand-consumer
access points - especially with betterfor-you products - is essential." FBN
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