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Flowers Foods Names Ryals McMullian CEO, Succeeding Allen Shiver

Flowers Foods, Inc. (FLO), producer of Nature's Own, Wonder, Tastykake, Dave's Killer Bread, and other bakery foods, said Tuesday that Ryals McMullian, the company's chief operating officer, has been elected president and chief executive officer, effective as of the company's 2019 annual meeting of shareholders.

The board of directors, in accordance with the company's management succession plan, elected McMullian following the decision by Allen Shiver, president and CEO, to retire and step down from the board.

To ensure a seamless transition, Shiver will continue to serve in his current position and as a board member until the annual meeting and will then serve as a non-executive special advisor to the company through the end of the year.

McMullian, aged 49, joined Flowers Foods in 2003, and was named chief operating officer in July 2018. Since 2016, he has directed the company's transformation under Project Centennial.

Prior to his current position, he served in roles of increasing responsibility, including deputy general counsel, vice president of mergers and acquisitions, and chief strategy officer.

Shiver, aged 63, joined the company in 1978, and has served as president and chief executive officer of Flowers Foods since 2013.

He currently serves as an American Bakers Association or ABA board member and has served as ABA's chairman of the board. He currently serves as co-chair of the Grain Foods Foundation Board of Trustees and on the Grocery Manufacturers Association's President's Advisory Council and Industry Affairs Council.

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