Snyder-Lance CEO retiring later this year

BY: AP Staff Writer JANUARY 15, 2013 | MODIFIED: JANUARY 15, 2013 AT 8:45 AM
Leave a comment

CHARLOTTE, N.C. (AP) — The chairman of Charlotte snack-maker Snyder-Lance will retire later this year.

The Charlotte Observer reported (http://bit.ly/WHHeIs) that David Singer plans to step down in May, after the company's annual stockholder meeting.

President and chief operating officer Carl Lee Jr., will replace Singer.

Singer is also stepping down from the company's board.

He joined the board of Lance in 2003 and became CEO in 2005.

Singer and Lee put together a stock-for-stock merger in 2010 of Lance and Snyder's of Hanover, Pa. Lee was the CEO of Snyder's at the time.

Snyder-Lance is the nation's second-largest snake maker, with $1.6 billion in revenue in fiscal 2011.

___

Information from: The Charlotte Observer, http://www.charlotteobserver.com

View article comments Leave a comment

More from washingtonexaminer.com

From the Weekly Standard