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JBSS Announces Personnel Moves, Affirmation Of Corporate And International Strategy

John B. Sanfilippo & Son, Inc. (Nasdaq: JBSS) (the “Company”) today announced the following changes within its leadership team.

John Accardo, an established international executive with extensive experience in developing and executing new market strategies for growing consumer brands in China and other emerging markets, is the new Vice President of International.

Accardo has 25+ years of working with US-branded businesses in identifying new international markets, developing and directly executing market entry strategies, and capturing significant revenue and profitability growth, especially in emerging markets. In addition, John brings in-depth corporate finance and strategy experience in establishing joint ventures, strategic alliances, and consummating international acquisitions.

He comes to JBSS from Brown-Forman Corporation, the family-led spirits company best known for Jack Daniel’s Tennessee Whiskey. At Brown-Forman, Accardo most recently led the company’s expansion efforts in China, and previously played a leadership role in the company’s international expansion in other emerging markets in Asia, Europe and Latin America.

Prior to Brown-Forman, John was an international executive for Anheuser-Busch, where he played a key role in its Asian expansion efforts, including the development of strategic alliances and partnerships with leading regional brewers such as Tsingtao and Kirin and the overall establishment of Anheuser-Busch’s business in China. Today, China is Anheuser-Busch’s biggest market outside of the United States.

“It’s a great pleasure to join the JBSS leadership team,” stated Mr. Accardo. “The confluence of global consumer trends for health and wellness and growing affluence and affinity for quality US brands provides an exciting backdrop for international expansion. As a long-time lover of Fisher snacks, there is truly a world of opportunity for JBSS and its brands,” concluded Mr. Accardo.

“John brings critical new market expansion skills and experience to our organization at a pivotal time in our evolution,” stated Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer. “As we look to expand our Fisher snack business internationally, I am confident that John will identify the right resources for JBSS to succeed in deepening our market presence in key emerging markets,” Mr. Sanfilippo explained.

After leading our executive team through its annual strategic review and refinement of our corporate strategy, Robert Sarlls, Sr. Vice President of Strategy and Business Development, will be leaving the Company at the end of this month to pursue new professional opportunities in the food industry. He will serve as a consultant to JBSS for the balance of our fiscal year.

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