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PENNSAUKEN - Dan Fachner, who last year was named president of J & J Snack Foods Corp., has added the duties of chief executive officer, the company said Friday.
In both posts, Fachner succeeded Gerry Shreiber, who continues as J & J's chairman, the Pennsauken firm said.
J & J's stock rose on the news. The company's shares, which closed Thursday at $169.32 on the over-the-counter market, climbed to $172.25 at noon.
The appointment came as J & J faces a financial squeeze from the pandemic, but also as the firm reaches its 50th anniversary.
J & J's sales fell by 10 percent in the first half of its current fiscal year, to $497.2 million, reflecting the impact of pandemic restrictions on arenas, theme parks and schools.