B&G Foods promotes exec to CFO, VP of finance

B&G Foods Inc. has named a new chief financial officer.

Bruce C. Wacha, currently the Parsippany-based company’s executive vice president of corporate strategy and business development, will take over as CFO and vice president of finance starting Nov. 27.

Wacha will oversee the company’s finance organization and be responsible for all financial and accounting matters. He will also continue to oversee the company’s corporate strategy and business development, including mergers and acquisitions, capital markets transactions and investor relations.

He will continue to serve on the company’s executive management team, reporting to CEO and President Robert C. Cantwell.

“Since joining our executive team in August, Bruce has demonstrated excellent leadership skills, financial expertise and an excellent work ethic,” Cantwell said. “I’m delighted to announce Bruce’s appointment to CFO. Bruce is an experienced and talented executive and, after working with Bruce the past few months, I am confident that he is the right person to lead our finance organization and help us achieve our growth objectives.”

Wacha joined B&G Foods from Amira Nature Foods Ltd., where he spent three years as chief financial officer and executive director of the board of directors.

Before that, he spent more than 15 years in the financial services industry at Deutsche Bank Securities, Merrill Lynch and Prudential Securities, where he advised corporate clients across the food, beverage and consumer products landscape.

Current interim CFO Amy Chiovari will continue in her role as corporate controller and assist with Wacha’s transition to CFO.

“I’d like to sincerely thank Amy Chiovari for serving as our interim chief financial officer for the past eight months,” Cantwell said. “We are very fortunate to have someone of Amy’s caliber in our finance organization who was able to step up when needed and lead our finance team during this transition period.”