By Colin Kellaher
Utz Brands is replacing its top finance executive.
Utz on Thursday said Ajay Kataria, executive vice president, chief financial officer and principal accounting officer, is leaving the maker of salty snacks by mutual agreement and will be succeeded by William Kelley Jr. effective May 1.
The Hanover, Pa., company said Kelley most recently served as chief financial officer of juice maker Tropicana Brands after a stint as finance chief of private-label food and beverage maker TreeHouse Foods.
Utz said Kelley, 60 years old, will receive an annual base salary of $575,000 and an annual bonus equal to 80% of his base pay.
Kataria joined Utz in July 2017 and has been chief financial officer since October 2021.
Utz said Kataria's departure constitutes a termination without cause under the company's executive severance plan, adding that he will stay on through the end of May as a special adviser to assist with the transition.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 17, 2025 08:25 ET (12:25 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.