Annie's Appoints Zahir Ibrahim As Its New CFO

(RTTNews) - Annie's, Inc. (BNNY) said Monday that it has appointed Zahir Ibrahim as Executive Vice President, Chief Financial Officer and Treasurer, effective, November 13.

Kelly Kennedy will resign as Chief Financial Officer and Treasurer of the company, effective November 12, to spend more time with her family. Ms. Kennedy plans to remain with the company through fiscal 2014 to lead special projects and assist with a smooth transition. Ibrahim was most recently Vice President Corporate Controller and Chief Accounting Officer at Molson Coors Brewing Co.

On August 8, Annie's reaffirmed its fiscal 2014 financial guidance, including adjusted net sales growth of 18%-20% and adjusted EPS of $0.97-$1.01 The company Monday it now expects to achieve the upper end of its adjusted net sales guidance range and the lower end of its adjusted EPS guidance range.

Annie's will release its second quarter financial results on November 7.