Armanino Foods of Distinction, Inc. Announces Departure of CEO, Tim Anderson Armanino Foods of Distinction, Inc. (OTCQX: AMNF) announced today that Timothy W. Anderson has informed the Board of Directors that he will resign as President and Chief Executive Officer and as a director of the company, effective February 17, 2025. Edgar Estonina, who currently serves as the Company’s COO and CFO, will assume, on an interim basis, all of the duties formerly performed by Mr. Anderson. Mr. Estonina has been with Armanino for almost 20 years, and has previously served in this transitional role prior to Mr. Anderson’s tenure with the Company. Mr. Douglas Nichols, Armanino's Chairman, stated, "Tim has been instrumental in leading Armanino through the pandemic and into a period of rapid and profitable growth. We credit him with many important strategic contributions that have placed the Company in a strong financial position and in an enviable position in the marketplace. I express our appreciation for Tim’s work and commitment to the Company. We wish him the best in his future endeavors."
Mr. Nichols continued, “We have asked director James Ford to head a search committee of the board so we can identify a leader who can build on the strong foundation that Tim will be leaving us. That search will begin immediately. In the meantime, we are confident in Mr. Estonina’s abilities to serve again in a transitional role as we search for Tim’s replacement.”
Tim Anderson, in his farewell message to the board stated, “I am tremendously proud of the team we have built at Armanino and the results we have delivered to shareholders. It was a very difficult decision to leave behind the people and the many opportunities that lie ahead for the Company.”
Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto, Armanino offers other flavors and sauces including Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Light Basil Pesto, Chimichurri, Harissa, Bolognese, and Alfredo. Armanino’s organic line includes classic Basil Pesto. Finally, Armanino Foods also offers cheese shakers, frozen pastas, and meatballs.
Timothy W. Anderson served as CEO of Armanino Foods of Distinction, Inc. (AMNF) for approximately 4 years and 10 months 1 2. He began his tenure as President and CEO in mid-March 2020 3 and continued in this role until January 28, 2025, when his resignation was announced 1.Key Points:- Start Date: Anderson took over as the company's 3rd President and Chief Executive Officer since 1990 in mid-March 2020 3.
- End Date: His resignation was announced on January 28, 2025 1.
- Duration: This means he served in the role for about 4 years and 10 months.
Anderson brought over 25 years of experience in growing brands and business organizations to AMNF when he joined. Prior to his role at AMNF, he had worked at companies such as Pepperidge Farm/Campbell's Soup, Del Monte Foods, and Challenge Dairy Products 3. |
