Michael Adasczik - BG Foods Chief Accounting Officer, Vice President - Finance

BGS Stock  USD 7.66  0.01  0.13%   

President

Mr. Michael D. Adasczik serves as Chief Accounting Officer, Vice President Finance of the company. He has more than 20 years of accounting experience. Most recently, Mr. Adasczik served as the Vice President, Accounting of Roivant Sciences, Inc., a wholly owned subsidiary of Roivant Sciences Ltd., from July 2015 to August 2018. While at Roivant Sciences, Mr. Adasczik served as Principal Accounting Officer of Axovant Sciences Ltd., an affiliate of Roivant Sciences, from August 2015 to June 2018. From September 2010 to June 2015, Mr. Adasczik served as the Vice President, Corporationrationrate Controller at Ikaria, Inc., a pharmaceutical company acquired by Mallinckrodt Pharmaceuticals in April 2015, where he was responsible for accounting, financial reporting and internal controls. From 1998 to September 2010, Mr. Adasczik held a series of positions with increasing responsibility with the audit firm of KPMG LLP, most recently as a Senior Manager and including a rotation in the firms National Office since 2018.
Age 50
Tenure 6 years
Professional MarksMBA
Address Four Gatehall Drive, Parsippany, NJ, United States, 07054
Phone973 401 6500
Webhttps://www.bgfoods.com
Adasczik is a Certified Public Accountant and earned his B.S. degree in Accounting and his M.B.A. degree from Rider University.

BG Foods Management Efficiency

The company has Return on Asset of 0.0372 % which means that on every $100 spent on assets, it made $0.0372 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (0.0329) %, meaning that it generated no profit with money invested by stockholders. BG Foods' management efficiency ratios could be used to measure how well BG Foods manages its routine affairs as well as how well it operates its assets and liabilities. Return On Capital Employed is likely to gain to 0.10 in 2024, despite the fact that Return On Tangible Assets are likely to grow to (0.01). At this time, BG Foods' Total Current Assets are comparatively stable compared to the past year. Other Assets is likely to gain to about 27.5 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 1.5 B in 2024.
BG Foods has 2.12 B in debt with debt to equity (D/E) ratio of 2.52, meaning that the company heavily relies on borrowing funds for operations. BG Foods has a current ratio of 3.2, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for BGS to invest in growth at high rates of return.

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BG Foods, Inc. manufactures, sells, and distributes a portfolio of shelf-stable and frozen foods, and household products in the United States, Canada, and Puerto Rico. BG Foods, Inc. was founded in 1822 and is headquartered in Parsippany, New Jersey. BG Foods operates under Packaged Foods classification in the United States and is traded on New York Stock Exchange. It employs 3096 people. BG Foods (BGS) is traded on New York Stock Exchange in USA. It is located in Four Gatehall Drive, Parsippany, NJ, United States, 07054 and employs 2,686 people. BG Foods is listed under Packaged Foods & Meats category by Fama And French industry classification.

Management Performance

BG Foods Leadership Team

Elected by the shareholders, the BG Foods' board of directors comprises two types of representatives: BG Foods inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BGS. The board's role is to monitor BG Foods' management team and ensure that shareholders' interests are well served. BG Foods' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BG Foods' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ellen Schum, Executive Vice President and Chief Customer Officer
Charles Marcy, Independent Director
Kenneth Keller, President, Chief Executive Officer, Director
Kristen Thompson, Senior Vegetables
Eric Hart, Chief Human Resource Officer, Executive Vice President of Human Resources
Marty Schoch, Senior Chain
Alfred Poe, Independent Director
Michael Adasczik, Chief Accounting Officer, Vice President - Finance
Jordan Greenberg, Executive Vice President and Chief Commercial Officer
Tessie Gallagher, Senior Sales
Bruce Wacha, Chief Financial Officer, Executive Vice President - Finance
Debra Chase, Independent Director
Gary Benedict, Senior Operations
David Wenner, Interim President and Chief Executive Officer, Director
Stephen Sherrill, Independent Chairman of the Board
Dennis Mullen, Independent Director
Rick Drummond, Senior Development
Cheryl Palmer, Independent Director
Scott Lerner, Chief Compliance Officer, Executive Vice President, General Counsel, Secretary
Andrew Vogel, Executive Meals
DeAnn Brunts, Independent Director
Erich Fritz, Executive Vice President and Chief Supply Chain Officer
Robert Mills, Independent Director
Sarah Jarolem, Senior Development
Kenneth Romanzi, President, Chief Executive Officer, Chief Operating Officer, Director

BGS Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is BG Foods a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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