NEW YORK (AP) — Pinnacle Foods CEO Robert Gamgort is leaving next month to take the same job at Keurig.
Pinnacle, whose brands include Duncan Hines cake mixes and Wish-Bone salad dressings, said Wednesday that Gamgort will leave the company at the end of April.
Gamgort has been CEO of the Parsippany, New Jersey, company for nearly seven years. At will replace Brian Kelley who will remain as vice chairman of the board at Keurig, the seller of single-cup coffee machines.
Keurig was recently bought by an investor group led by JAB Holding Co., a private company with a growing coffee business. JAB Holding said Keurig would operate independently and remain at its Waterbury, Vermont, headquarters.
Shares of Pinnacle Foods Inc. fell more than 4 percent before the stock market opened Wednesday.
