Cary Devore

Cary Devore, Executive Vice President and Chief Operating and Transformation Officer

Cary Devore was appointed to Executive Vice President and Chief Operating and Transformation Officer in November 2023. In this newly created role, Mr. Devore oversees the execution of the Company’s strategic plan priorities, large-scale transformation initiatives, and scaling key enabling capabilities across the Company. An experienced executive with more than seven years at Utz, he is uniquely positioned to lead the Company’s transformation activities given the complexity and long-term impact to the organization. In addition, he continues to drive the Company’s strategic corporate initiatives including mergers and acquisitions, capital markets, as well as continues to provide oversight for the Project Management Office, which manages the implementation of value creation and acquisition integration initiatives. Previously, Mr. Devore held the position of Chief Operating Officer from October 2021 to November 2023, and Chief Financial Officer of Utz from July 2019 to October 2021. Mr. Devore joined Utz in November 2016 as the lead representative of a minority private equity investor on the Board of Managers of the Utz Members, where he worked alongside Dylan Lissette to drive the Company’s acquisition and value creation efforts, and became Executive Vice President and Chief Financial Officer in July 2019. Prior to serving as Chief Financial Officer, Mr. Devore served as Executive Vice President since December 2017 and as Senior Vice President from November 2016 until December 2017. From November 2014 until August 2017, Mr. Devore was a Managing Director of Metropoulos & Co., a private equity firm, where he focused on direct equity investments in the food and beverage sector. Prior to his service at Metropoulos, from October 2009 through August 2014, Mr. Devore was Co-Founder and Managing Director of SilverStream Capital, LLC, a family office focused on investments in healthcare and technology. From October 2005 through June 2009, Mr. Devore co-founded and led HBK Private Equity, LLC, the private equity arm of the hedge fund HBK Capital Management. Earlier in his career, Mr. Devore worked for Jordan Industries, Inc., an affiliate of The Jordan Company from May 1996 to July 2002, focusing on middle market buy and build strategies, as well as at UBS Investment Bank from August 2004 to October 2005 and Price Waterhouse LLP from August 1994 to May 1996.  Mr. Devore graduated from the University of Illinois with a Bachelor of Science in Accounting, Magna Cum Laude, and received his MBA from the University of Michigan with High Honors.