UTZ Brands (UTZ) said Thursday it has named William Kelley Jr. as chief financial officer and principal accounting officer, effective May 1.

He succeeds Ajay Kataria, who is stepping down but staying on until May 31 during a transition, the savory snack company said.

Utz also said that Mark Schreiber, chief customer officer, will retire, effective May 31, but will remain in a transition role until the end of June.

He will be succeeded by Jeremy Stuart, currently senior vice president of large format products, the company said.

The company also reported preliminary Q1 adjusted earnings of between $0.14 to $0.16 per share on a net sales increase of 1.5% to 1.7%.

Analysts polled by FactSet expect non-GAAP EPS of $0.16 on sales of $345.1 million.

For fiscal 2025, the company said it continues to expect adjusted EPS growth of 10% to 15% on organic net sales growth of low-single digits.

Analysts polled by FactSet expect non-GAAP EPS of $0.85 on sales of $1.43 billion.

Shares of the company were down 1% in recent premarket activity.

Price: 13.43, Change: -0.14, Percent Change: -1.03