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Geoff E. Tanner

President and Chief Executive Officer at Simply Good Foods
Board
Since July 7, 2023
Age
51 years
Education
Holds a Bachelor of Commerce and a Bachelor of Arts in Political Science and Government from Victoria University of Wellington in New Zealand and an MBA from Duke University Fuqua School of Business.
Tenure
Joined SMPL as President, Chief Operating Officer, and CEO-Elect on 04-03-2023 and promoted to President and Chief Executive Officer on 07-07-2023.

Also at Simply Good Foods

ACH
Amy C. Held
Senior Vice President and Chief Human Resources Officer
MAO
Mark A. Olivieri
Senior Vice President and General Manager of OWYN
RAT
Ryan A. Thomas
Senior Vice President, General Manager Atkins Marketing

About

Geoff E. Tanner is 51 years old and holds a Bachelor of Commerce and a Bachelor of Arts in Political Science and Government from Victoria University of Wellington in New Zealand, as well as an MBA from Duke University Fuqua School of Business.

He began his career as a senior strategy consultant and later played key leadership roles at Big Heart Pet Brands, Del Monte Foods, and The J.M. Smucker Company before joining SMPL. Initially appointed as President, Chief Operating Officer, and CEO-Elect on 04-03-2023, he was promoted to his current role as President and Chief Executive Officer on 07-07-2023.

In addition to his executive duties at SMPL, he contributes his expertise as a member of the Johnsonville Meat LLC Board of Directors, reflecting a broad and established track record in the consumer and food industries.

$SMPL Performance Under Geoff E. Tanner

Past Roles

OrganizationRoleDate RangeDetails
The Simply Good Foods Company (SMPL) President, Chief Operating Officer, and CEO-Elect April 3, 2023 - July 7, 2023 Held prior to current role
The Simply Good Foods Company (SMPL) Member of the Board of Directors Since April 2023 Previous board role held before transition
The J.M. Smucker Company Chief Commercial and Marketing Officer October 2019 - February 2023 Reported directly to the CEO
The J.M. Smucker Company Senior Vice President, Growth 2016 - 2019 Reported directly to the CEO
Big Heart Pet Brands Vice President, Marketing and General Manager 2003 - 2016 Held various leadership roles
Big Heart Pet Brands Vice President, Innovation 2003 - 2016 Held various leadership roles
Cap Gemini Ernst & Young Senior Strategy Consultant N/A Earlier career role

External Roles

OrganizationRoleDate RangeDetails
Johnsonville Meat LLC Board of Directors N/A Active board membership outside SMPL

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$803,205 AnnualBase Salary for fiscal 2024
Stock Awards - RSUs29,883 units; Fair Value: $1,139,738 As per RSU vesting termsGrant Date: November 8, 2023
All Other Compensation$26,350 AnnualIncludes supplemental life and disability insurance

Performance Compensation

Data from  FY 2024

PSUs - Performance Stock Awards

MetricDetails
Grant DateNovember 8, 2023
Grant Date Fair Value$1,320,201
Grant Date Stock Price$31.59 (Closing price on August 30, 2024)
Threshold PSUs5,747 units
Target PSUs22,988 units
Maximum PSUs45,976 units
Performance MetricRelative TSR vs. Russell 3000 Food & Beverage Index
Payout Range0% to 200% of target
Vesting ScheduleVesting occurs on November 8, 2026 subject to performance

Non-Equity Incentive Plan Compensation

MetricDetails
Performance MetricsNet Sales (50%) and Adjusted EBITDA (50%)
Payment Levels (Net Sales)<95%: 0%; 95%: 50%; 100%: 100%; 105%: 150%; 109%: 200%
Payment Levels (Adjusted EBITDA)<96%: 0%; 96%: 50%; 100%: 100%; 104%: 150%; 107%: 200%
Threshold Amount$400,000
Target Amount$800,000
Maximum Amount$1,600,000
Final PayoutAchieved at 100% of target ($800,000)
Vesting ScheduleNone; cash-based annual incentive
Evaluation PeriodFiscal Year 2024