x

Posted 20 September, 2023

CENTRAL GARDEN & PET CO appointed new CEO

CEO Change detected for ticker Nasdaq:CENT in a 8-K filed on 20 September, 2023.


  On September 18, 2023, Timothy P. Cofer, the Chief Executive Officer of Central Garden & Pet Company (the "Company"), announced his intention to resign as Chief Executive Officer, effective as of the close of business on October 6, 2023.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of CENTRAL GARDEN & PET CO
Consumer Goods • Nondurable Household Products
Central Garden & Pet Co. engages in the production and distribution of branded and private label products for the lawn, garden, and pet supplies markets. It operates through the Pet and Garden segments. The Pet segment focuses on dog and cat supplies such as dog treats and chews, toys, pet beds and containment, grooming products, waste management and training pads, supplies for aquatics, small animals, reptiles and pet birds including toys, cages and habitats, bedding, food and supplements, products for equine and livestock, animal and household health and insect control products, live fish, and small animals, as well as outdoor cushions. The Garden segment includes lawn and garden consumables such as grass, vegetable, flower and herb seed, wild bird feed, bird houses and other birding accessories, weed, grass, and other herbicides, insecticide and pesticide products, fertilizers, and live plants. The company was founded by William E. Brown in 1980 and is headquartered in Walnut Creek, CA.
Market Cap
$2.12B
View Company Details
CENTRAL GARDEN & PET CO by TradingView
Relevant filing section
Item 5.02. 

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On September 18, 2023, Timothy P. Cofer, the Chief Executive Officer of Central Garden & Pet Company (the "Company"), announced his intention to resign as Chief Executive Officer, effective as of the close of business on October 6, 2023.


Effective as of the close of business on October 6, 2023, Mary Beth Springer, a member of the Company's Board of Directors, will serve as the Company's principal executive officer on an interim basis while the Company conducts a search for Mr. Cofer's replacement as the Company's Chief Executive Officer.


Ms. Springer, age 59, has served as the Company's lead independent director since October 2020. From 2009 to 2011, Ms. Springer served as Executive Vice President and General Manager of The Clorox Company. She served as Clorox's Group Vice President - Strategy and Growth from 2007 until 2009. She was Group Vice President and General Manager, Specialty Division from 2005 to 2007 and Vice President and General Manager, Glad Products Business Unit from 2002 through 2004. Ms. Springer joined Clorox in 1990 as associate marketing manager for household products and subsequently held marketing positions of increasing responsibility. Ms. Springer also serves as an independent director of Amy's Kitchen, a privately-held organic food company. From 2013 to 2023, Ms. Springer served as an independent director of Nature's Sunshine Products, Inc., a natural health and wellness company.


There are no family relationships between any director or executive officer of the Company and Ms. Springer, and no transactions reportable under Item 404(a) of Regulation S-K in which she has a direct or indirect material interest. Further, there are no arrangements or understandings between Ms. Springer and any other person pursuant to which she was appointed to serve as the Company's interim principal executive officer.