New non-family CEO heads up Schwan Food Company
Family-owned Schwan Food Company has announced that interim leader and non-family member Greg Flack has been appointed CEO, president, and COO of the US-based frozen food business.
Flack, who has been with SFC for over 20 years, takes the reins following a long drawn out search that began back in February when Lenny Pippin, another non-family CEO, resigned unexpectedly.
"I am very pleased and proud to see Greg being selected to lead the Schwan Food Company," said chairman of the board Alfred Schwan, elder brother of late founder Marvin Schwan. "He has shown tremendous passion, strong business acumen and focused vision in his role as interim leader and has demonstrated the company's culture and values for over 21 years. He has my full support as he leads the company."
SFC is a multibillion-dollar business that manufactures and markets frozen foods through home-delivery, retail-grocery and food-service channels. Its many popular brands include Red Baron, Tony's, and Freschetta pizza,
The Schwan family notoriously hit the headlines following the death of Marvin in 1993. The founder had left two-thirds of the company's stock to a charitable trust in his will, which was to be bought out by the family after his death. However, his four children filed a lawsuit against their uncle Alfred and another trustee when they began arrangements to repurchase the shares. The children claimed they were being cheated out of money and that their father's estate plan had been changed. The case was settled in 1997, but no information was released.
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