Sovos Brands Announces the Promotion of E. Yuri Hermida to President
LOUISVILLE, Colo., - December 05, 2023 – Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today announced the promotion of E. Yuri Hermida to President of Sovos Brands, effective December 11, 2023. Mr. Hermida will continue to report to Todd Lachman, Founder and Chief Executive Officer of Sovos Brands.
“Over the last year, Yuri has proven to be an invaluable asset in executing the Sovos Brands enterprise-wide growth strategy,” said Mr. Lachman. “Yuri’s dedication and collaborative approach is pivotal to our success, and I look forward to continuing to partner with him to drive our strategic plan and further our momentum in 2024.”.
Mr. Hermida has served as Chief Growth Officer at Sovos Brands since October 2022, overseeing the Company’s sales, marketing, R&D and business segments while driving the Company’s overall growth strategy. Prior to joining Sovos Brands, he served as Executive Vice President at Reckitt Benckiser, a multinational producer of consumer goods in the health, hygiene and nutrition categories, overseeing the company’s multibillion-dollar North American Hygiene business. Prior to Reckitt, Mr. Hermida spent more than two decades at Procter & Gamble, holding key leadership positions around the globe, including Country Manager for the Malaysia and Singapore region, General Manager of Baby Care for the Greater China region, and Vice President of Feminine and Baby Care for North America.
The Company continues to expect the pending merger with Campbell Soup Company (“Campbell’s”) to be completed in 2024 and will continue to engage with the FTC on its review with the objective of closing in mid-2024.
About Sovos Brands, Inc.
Sovos Brands, Inc. is a consumer-packaged food company focused on building disruptive growth brands that bring today’s consumers great tasting food that fits the way they live. The Company’s product offerings include a variety of pasta sauces, dry pasta, soups, frozen entrées, frozen pizza and yogurts, all of which are sold in North America under the brand names Rao’s, Michael Angelo’s and noosa. All Sovos Brands’ products are built with authenticity at their core, providing consumers with one-of-a-kind food experiences that are genuine, delicious, and unforgettable. The Company is headquartered in Louisville, Colorado. For more information on Sovos Brands and its products, please visit www.sovosbrands.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the pending merger with Campbell’s. These forward-looking statements are based on Sovos Brands’ current assumptions, expectations and beliefs and are subject to