This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Flowers Foods Names Craig S. Parr Senior Vice President Finance And Chief Risk Officer

THOMASVILLE, Ga., Sept. 21, 2012 /PRNewswire/ -- Flowers Foods (NYSE: FLO) has appointed Craig S. Parr to the newly created position of senior vice president of finance and chief risk officer. Parr comes to Flowers from The Andersons, Inc., where he served as vice president of risk management and food ingredient supply.

(Logo: http://photos.prnewswire.com/prnh/20080530/CLF007LOGO )

In the new position, Parr will report to R. Steve Kinsey, executive vice president and chief financial officer. His initial focus will be on commodity hedging and purchasing strategies. Flowers' purchasing staff will remain intact, reporting to Parr.

"Volatility in the commodities markets in recent years has caused us to focus even more carefully on our hedging and forward buying strategies for ingredients and other goods, and we are continually looking for ways to further improve our practices," said Kinsey. "Bringing on someone with Craig's depth of experience and proven track record with a highly respected commodities-based firm will help us even better manage our purchasing and hedging strategies and risk areas. Craig has shown that he can drive profitability, strengthen financial operations, reduce risk, and develop sound strategies, and we are very pleased that he's joining our team."

Parr has 20 years experience at The Andersons and was promoted to progressive leadership positions in accounting, purchasing, treasury and risk management, before being named vice president of risk management and food ingredient supply. He has been an active member of national risk management committees and spoke frequently at industry events regarding commodity purchasing & risk topics. He also serves on the board of directors at Mobile Meals, Inc. and is a committee member at the National Grain & Feed Association and the Snack Food Association. 

Parr holds a master's degree in business administration from Bowling Green State University and is currently working on a master's degree in finance. He also holds degrees in information systems and management from Parkland College, and a bachelor's degree in business administration from Illinois State University. His professional certifications include supply chain management, energy procurement, risk & compliance management and commodity brokerage. 

About Flowers FoodsHeadquartered in Thomasville, Ga., Flowers Foods, Inc. (NYSE: FLO) is the second-largest producer and marketer of packaged bakery foods for retail and foodservice customers in the United States with 2011 sales of $2.8 billion. Flowers operates 44 bakeries that produce a wide range of bakery products. These products are sold through a direct-store-delivery network with access to approximately 70% of the U.S. population in the East, South, and Southwest as well as in certain markets in California. Select Flowers products are sold nationwide through customers' delivery systems. Among the company's top brands are Nature's Own, Tastykake, and Mrs. Freshley's. For more information, visit www.flowersfoods.com.

SOURCE Flowers Foods, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,979.13 +59.54 0.35%
S&P 500 1,986.51 +4.91 0.25%
NASDAQ 4,526.4820 -1.0320 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs