BRBR · BellRing Brands, Inc.

BellRing Brands announced the appointment of Michael Axelrod as President and CEO, effective July 29, 2026, following a comprehensive external search. Axelrod succeeds Darcy Davenport, who retires after leading the company through significant growth to over $2.3 billion in sales. Axelrod brings over 30 years of consumer packaged goods experience, most recently as CEO of Snak King, and previously at Del Real Foods, TreeHouse Foods, and Kraft Foods. His compensation includes a $1 million base salary, 100% target bonus, a $4.75 million equity award (40% RSUs/60% PRSUs), monthly allowances, and substantial severance protections including a severance agreement, transaction bonus, and gross-up for excise taxes. The leadership change positions BellRing for continued growth in the protein category.