Kodiak, the fast-growing food company renowned for its high-protein, whole grain breakfast and snacking products, announced the appointment of the company’s new chief executive officer, Valerie Oswalt. She will succeed co-founder and incumbent CEO, Joel Clark, and co-founder and President, Cameron Smith, who will both transition into roles on Kodiak’s board of directors.
This appointment charts a new chapter of growth for the company and builds on a number of exciting developments for Kodiak over the past 18 months, including a majority investment by L Catterton, the hiring of Cory Bayers (former head of global marketing for Patagonia), and the appointment of renowned actor/producer Zac Efron as Board Member and Chief Brand Officer.
These developments build on Kodiak’s powerful foundation, cementing its status as one of the fastest-growing food brands in America, with 30+% top line growth in the last 52 weeks and a 60+% revenue CAGR over the past 12 years.
Valerie Oswalt joins Kodiak from Campbell Soup Company where she was the president of the Snacks division and a Campbell executive vice president since 2020. Prior to Campbell, she served as CEO of Century Snacks, a privately-held trail mix and nut products company, where she led the turnaround of the business with a portfolio of more than 400 branded, private label, and commercial products. Prior to Century Snacks, she built an impressive career in the food industry working in executive positions at Mondelez International and Kraft Foods.
“It is a privilege to lead a fast-growing, purpose-driven food company built on a mission to inspire healthier eating and active living,” said new Kodiak CEO and Board Member, Valerie Oswalt. “Kodiak was founded with the belief that everyone involved is a part of the greater goal to inspire those around them to enjoy real, nourishing food, get outside, and give their best no matter what the situation. I am inspired by the culture that has been cultivated by Kodiak’s founders and executive team since its inception and look forward to continuing to build upon it.” Oswalt joins a company which has delivered industry-leading performance for its retail partners, driving roughly 50% of the total growth in its core categories and gaining 13 percentage points of market share across these categories in the past three years, according to a press release.