CHICAGO, April 12,
2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG)
today announced the departure of independent director Scott Ostfeld from its board of directors. Mr.
Ostfeld, a partner of JANA Partners LLC and member of the board
since February 2019, has stepped down
to assume a board seat at another company in the packaged food
industry. JANA continues to hold a significant investment in
Conagra Brands.
"We thank Scott for his highly constructive service to the
board," said Rick Lenny,
non-executive chair of the Conagra Brands board. "His talent and
expertise have made a significant contribution to the success of
our company and its potential for the future."
Sean Connolly, chief executive
officer of Conagra Brands, said, "Scott has been a great partner in
helping create value for our shareholders. The company has
benefited from his valuable perspective as a shareholder, and his
deep understanding of our industry and business."
"Having been an investor in Conagra Brands for over seven years
and a director for over three, I am proud of the work Sean, Rick
and the rest of the board and management team have done to
reposition the company and put it on the path to delivering
long-term value for shareholders," Ostfeld said. "I am confident
that with their leadership and guidance, together with the
outstanding work of all of the company's employees, Conagra can
continue to build on the success of its proven brand-building and
innovation playbook."
Mr. Ostfeld's departure from the board is effective as of
April 12, 2022. With his
departure, the board will be reduced from 13 members to 12.
About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG),
headquartered in Chicago, is one
of North America's leading branded
food companies. Guided by an entrepreneurial spirit, Conagra Brands
combines a rich heritage of making great food with a sharpened
focus on innovation. The company's portfolio is evolving to satisfy
people's changing food preferences. Conagra's iconic brands, such
as Birds Eye®, Marie Callender's®,
Banquet®, Healthy Choice®, Slim Jim®, Reddi-wip®, and Vlasic®, as
well as emerging brands, including Angie's® BOOMCHICKAPOP®,
Duke's®, Earth Balance®, Gardein®, and Frontera®, offer choices for
every occasion. For more information, visit
www.conagrabrands.com.
For more information, please contact:
MEDIA:
Mike Cummins
312-549-5257
Michael.cummins@conagra.com
INVESTORS: Bayle Ellis
312-549-5958
IR@conagra.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/conagra-brands-announces-board-of-directors-change-301524276.html
SOURCE Conagra Brands, Inc.