King Arthur Flour CEO to Leave Company After 15 Years
Norwich — After 15 years at the helm of King Arthur Flour, Steve Voigt is stepping down from his post as chief executive officer and leaving the company.
Four members of Voigt’s leadership team will be in charge of the daily management of the 200-year-old employee-owned firm, the company announced this week.
Voigt’s resignation is effective June 30. He said Thursday he plans to take the rest of the summer off before deciding on his future, although he’s considering working with other companies and business schools to advance the development of employee-owned companies and so-called benefit corporations, which are businesses that consider their impact on customers, the community and the environment when making business decisions, in addition to shareholders and employees. King Arthur Flour became a certified benefit corporation in 2007.
“We’ve prepared the company for the next 200 years, and it seems a good time to have a transition of leadership,” Voigt said.
Voigt, a 1986 Tuck School of Business at Dartmouth graduate, has been with the company since 1992.
Voigt has served as the company’s CEO since 1999.
Following Voigt’s departure, the company will be led by the collaborative management team of Karen Colberg, Suzanne McDowell, Michael Bittel and Ralph Carlton. Colberg is the chief marketing officer, McDowell oversees human resources, Bittel is in charge of manufacturing and wholesale and Carlton is the chief financial officer and oversees IT.
King Arthur Flour has 320 employees and does more than $100 million in sales. Its products are sold in grocery stores in all 50 states and Canada, and worldwide through the company’s catalog and website.
Warren Johnston can be reached at firstname.lastname@example.org or 603-727-3216.