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Stock impact report

Wonder Bread maker names former Total Wine exec CFO [Yahoo! Finance]

Flowers Foods, Inc. (FLO) 
Last flowers foods, inc. earnings: 2/5 04:50 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Dive Brief: Flowers Foods, whose brands include Wonder Bread, said Tuesday that it appointed D. Anthony Scaglione , a former CFO of wine retailer Total Wine, to become its finance chief, effective Jan. 1. Scaglione will succeed Steve Kinsey, who will retire from Flowers at the end of the year and serve in an advisory role “for a period of time” to ensure a smooth transition, the company said in a press release. “Over the course of his career, Anthony has proven his ability to deliver tangible value to shareholders, and I am confident his leadership will greatly benefit Flowers' business as we continue to navigate an increasingly complex and competitive landscape,” Ryals McMullian, the company's CEO, said in the release. Dive Insight: The finance leadership change comes after disappointing second-quarter earnings results from the food giant, which focuses on bakery products such as breads, buns and cakes. Net sales increased 1.5% year over year to $1.243 billion, but net i Show less Read more
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