Dive Brief:

• Smucker's president of US retail consumer foods Paul Smucker Wagstaff, a fifth-generation Smucker family member, officially resigned from his position and the company's board of directors.
• A replacement has not yet been announced, so president and COO Vincent C. Byrd will oversee the consumer foods business in the meantime.
• Wagstaff spent nearly 19 years employed at the company and became president of his division in 2011.

Dive Insight:

Wagstaff's resignation slightly shakes up the company's succession planning, as Tim and CEO Richard Smucker had plans for Wagstaff and Mark Smucker to co-lead the company. However, no changes to key leadership occurred, and Richard Smucker said, “We are confident in the breadth and deep strength of our leadership team, and when the time is appropriate, the Board of Directors will make the right choices for future leadership of the Company.”