Banking and Contracts Committee Charter

January 30, 2003

The Banking and Contracts Committee of the Board of Directors of Snyder's-Lance, Inc. shall be composed of not fewer than two members.

The members of the Banking and Contracts Committee and its Chairman shall be designated by the Board of Directors at the Annual Meeting of the Board of Directors. The Chairman and each of the members shall serve until the next Annual Meeting of the Directors and until their successors are elected and qualified. Members of the Committee and its Chairman may be removed by the Board of Directors at any time.

The duties and responsibilities of the Banking and Contracts Committee are as follows:

1. Selection of all banks and financial institutions for the Corporation and the designation of those officers and employees authorized to conduct business with such banks and financial institutions.

2. Review, approval and authorization of contracts arising in the ordinary course of business for the acquisition of raw materials and supplies, the sale and delivery of products, the acquisition and disposition of real estate and the acquisition and disposition of equipment and the designation of those officers and employees of the Corporation authorized to execute, deliver and perform such contracts.

3. Authorization of all actions with respect to the insurance coverage of the Corporation, its employees, equipment and properties, including self insurance and related waivers of coverage and the designation of those officers and employees of the Corporation authorized to act on behalf of the Corporation with respect to such insurance.

4. Adoption and certification of resolutions with respect to the foregoing.

5. Consideration and adoption of such other resolutions of an administrative nature as shall be necessary for the efficient and effective operation of the Corporation.

6. Such other duties and responsibilities as may be directed from time to time by the Board of Directors.


Committee Members

Brian J. Driscoll
Brian J. Driscoll

Brian J. Driscoll was appointed to the Company’s board of directors on February 29, 2016 in connection with the Company’s acquisition of Diamond. Mr. Driscoll previously served as President and Chief Executive Officer of Diamond and was a member of the Diamond board of directors from May 2012 to February 2016. Prior to joining Diamond, from June 2010 to March 2012, Mr. Driscoll was Chief Executive Officer of Hostess Brands, which filed for Chapter 11 bankruptcy protection in January 2012. From 2002 to June 2010, he held senior management positions at Kraft Foods, Inc., including as President, Sales, Customer Service and Logistics, Kraft North America from 2007 to June 2010. Mr. Driscoll joined Kraft Foods, Inc. as a result of Kraft’s acquisition of Nabisco, where he worked from 1995 to 2002, first as President of Sales and Integrated Logistics and later as the Senior Vice President, Biscuit Sales and Customer Service. Earlier in his career, Mr. Driscoll held sales and sales management positions of increasing responsibility at Nestlé USA and Procter & Gamble Company. Mr. Driscoll holds a B.S. degree from St. John’s University. 

James W. Johnston
James W. Johnston
Chairman of the Board

James W. Johnston has served as the President and Chief Executive Officer of Stonemarker Enterprises, Inc., a Mooresville, NC consulting and investment company, since 1996. He was the Vice Chairman of RJR Nabisco, Inc., a Winston-Salem, NC diversified manufacturer of consumer products from 1995 until 1996; Chairman of R. J. Reynolds Tobacco Worldwide from 1993 until 1996; and Chairman and Chief Executive Officer of R. J. Reynolds Tobacco Co. from 1989 until 1996.