USA – Chomps, the meat snack manufacturer, has announced the appointment of Tim Bosslet as its new chief financial officer just one month after revealing plans to establish a processing facility in Missouri.
Bosslet, who has more than 15 years of experience in the consumer packaged goods sector, joined Chomps in 2019 and has previously held various roles, including senior director of finance, vice president of finance, and senior vice president of finance.
Before his tenure at Chomps, he worked in investment banking at J.P. Morgan and at Houlihan Lokey, where he specialized in advising emerging food companies.
His culinary training and previous experience in the food industry also contribute to his expertise.
Bosslet’s promotion comes on the heels of the company’s most profitable year to date, with annual sales increasing by 206%, significantly outpacing the overall meat snack market growth of 9%.
According to Pete Maldonado, co-founder and co-CEO of Chomps, Bosslet’s financial acumen has been crucial in developing the company’s fiscal strategy, making his elevation to CFO a logical step for the business.
Operating out of Chomps’ Chicago headquarters, Bosslet will oversee the company’s financial health and assist in formulating its strategic growth initiatives.
In addition to the leadership change, Chomps is moving forward with plans for a new manufacturing facility in Mexico, Missouri, slated to open in 2025.
This plant, created in partnership with Western Smokehouse Partners (WSP), aims to address the rising demand for healthier snack alternatives.
The new facility will span 300,000 square feet, marking Chomps’ first dedicated manufacturing site.
The decision to build in Missouri was influenced by factors such as adherence to USDA certification standards, local workforce availability, and the site’s proximity to WSP’s current operations.
The facility is projected to generate approximately 250 full-time jobs initially, with prospects for future expansion. Additionally, the central location is expected to enhance logistics and distribution efficiencies, capitalizing on Missouri’s extensive interstate network.
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