FOR IMMEDIATE RELEASE:
FOR: Tasty Baking Company
APPROVED BY: John Pettine
Executive Vice President and
Chief Financial Officer
(215) 221-8500
CONTACT: Investor Relations:
Cheryl Schneider/Hani Henein
Press: Greg Tiberend/Ellen Paz
Morgen-Walke Associates
(212) 850-5600
TASTY BAKING COMPANY ELECTS RONALD J. KOZICH TO ITS
BOARD OF DIRECTORS
Philadelphia, Pennsylvania, December 22, 2000 - Tasty Baking Company
(NYSE: TBC) today announced the election of Ronald J. Kozich to its Board of
Directors and his appointment to the Audit Committee, where he will serve as
Chairman. Mr. Kozich is replacing James L. Everett, III, who retired from the
Board today after more than 30 years of service.
Ronald J. Kozich, 61, had spent his entire professional career with
Ernst & Young LLP, serving in various management positions, most recently
holding the position of Managing Partner of the firm's Philadelphia regional
office, until his retirement last year. Throughout his tenure at Ernst & Young,
he worked with both small public companies as well as multinational Fortune 500
companies and had overseen various projects including numerous mergers and
acquisitions and public offerings. In addition to his successful professional
career, Mr. Kozich has distinguished himself in his community by serving on the
Boards of various corporate and civic organizations, including The Day &
Zimmermann Group, Inc., The Greater Philadelphia Chamber of Commerce and United
Way.
Carl Watts, Chairman, President and CEO of Tasty Baking Company said,
"We are pleased to announce the election of Ron Kozich to the Company's Board of
Directors. His management and leadership skills, coupled with his active role
within the Philadelphia community, make Ron a welcome addition to our Board. His
experience with Ernst & Young will be extremely valuable to the Audit
Committee."
Mr. Watts continued, "We would also like to sincerely thank Lee Everett
for his work and service to the Company throughout the last 30 years as a member
of our Board of Directors. Lee has been an invaluable member of our Board and we
wish him well in his future endeavors."
Tasty Baking Company is one of the largest independent baking companies
in the United States, and is the leading snack cake provider of the Mid-Atlantic
region. The Company operates three bakeries and two thrift stores in the
Mid-Atlantic region, and distributes its products in 49 states under the
Tastykake brand name.
