Who owns utz

There are now 10 board members, including Deromedi, Lissette, Rice and Giordano, a former director of Pinnacle Foods and former managing director of The Blackstone Group. Still, corporate governance at Utz, as a publicly held company, will be very different than it was as a private family business, says Jennifer Pendergast, a professor of family enterprise and executive director of the John L.

The Utz family heritage Deromedi apparently thinks highly of how the family has managed the company. The company seems to enjoy a place in the American consciousness as a family business. When the fictitious owners of Utz — Hunt and Edith Schilling — showed up to watch the making of an Utz commercial, the couple appeared like sweet provincials.

Arlene Utz married Francis X. Rice says mealtime conversations at home featured discussions of what had happened at work that day.

Arlene Utz also worked in the business, beginning as a young girl. The story goes that when a market in downtown Hanover ran out of chips there was no one available to deliver more. She served as chairman of the Utz board for 23 years and was known as Arlene Utz Hollinger after she married for a second time. Rice continues to serve as a special adviser in addition to his roles as a director and chairman emeritus.

He says he loved the business from his first job there in the autumn of , when extra help was needed to store freshly harvested potato supplies in the cellars beneath the manufacturing facility. He was 11 years old. It was a great education, he says. I think it at least subconsciously inspired in me an appreciation of what it took to make an effective, successful business. Rice had graduated from law school and was working as a government contracts lawyer with Control Data Corp.

Rice and his father discussed what could be done to grow the business even faster. We also built a pretzel plant in Hanover as the first step in broadening our manufacturing base and product lines. He led the company until Lissette became CEO in The company never stopped expanding geographically and now has manufacturing capability across the country.

They will make some mistakes, just as you will, but if they learn from the mistakes, that is fine, and the business will do better and grow faster. Their efforts are critical to success, and so appreciated.

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