Michael Solomon, president and chief executive officer of Ready Pac Foods Inc., announced his retirement from the company. Mr. Solomon has been with Ready Pac since 2006 and has been president and CEO since 2008. He has led the company through several years of record performance.
“I have decided that now since I have a strong senior executive on board to focus on the operations and financial aspects of the business, and one who complements an already strong management team, the time is right for me to retire from Ready Pac," he said in a press release. "I look forward to spending more time with my wife and two-and-a-half-year-old son.”
Phillip Theodore, who recently joined the company as chief operating officer, will assume the president and CEO responsibilities. Mr. Theodore started his career in the retail supermarket business in the early 80s with Wegman’s supermarkets. Since then he has held key executive and board positions with CPG companies with deep knowledge in both private label and national brand distribution at retail.
Mr. Theodore has an MBA from The Owen Graduate School of Management at Vanderbilt University and a bachelor's degree in accounting from St. John Fisher College. “Michael has built a great team at Ready Pac and I am very excited to help lead the team," Mr. Theodore said in the release. "This company has great employees, innovative products, collaborative distribution partners and is well-positioned for exciting growth.”