Allen L. Shiver has been the CEO of Flowers Foods, Inc. since 2013, bringing a strong marketing background to the role. He was president before becoming CEO and has been playing a key part in the company for years. Notably,...
Allen L. Shiver has been the CEO of Flowers Foods, Inc. since 2013, bringing a strong marketing background to the role. He was president before becoming CEO and has been playing a key part in the company for years. Notably, his total compensation in 2023 was $6.39 million, which included a salary of $954,289 and a significant portion from performance-based stock awards, reflecting the company's focus on results. Interestingly, he announced his retirement in early 2019, but stayed on as an advisor until the end of that year, which shows his commitment to the company’s success even as he stepped back from his daily responsibilities. His leadership has seen Flowers Foods thrive, especially given that he once held up to 1.36 million shares in the firm. Shiver is not just about numbers; his tenure is marked by strategic decisions that align executive pay with company performance, emphasizing long-term value for shareholders. This approach is evident in how they structure compensation, relying heavily on performance metrics like EBITDA, making his role crucial for both the firm's and the shareholders' future.