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CONAGRA BRANDS ANNOUNCES APPOINTMENT OF DENISE PAULONIS TO ITS BOARD OF DIRECTORS

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Conagra Brands, Inc. (NYSE: CAG) has appointed Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the board will now consist of 13 members. Paulonis brings extensive experience in growth, supply chain innovation, and e-commerce from her role as CEO of Sally Beauty Holdings and previous positions at Sprouts Farmers Market and PepsiCo. Her appointment is expected to enhance Conagra's strategic direction amidst evolving food preferences.

Positive
  • Denise A. Paulonis' appointment introduces significant leadership experience in growth and innovation.
  • Her background in supply chain and e-commerce could drive enhancements in Conagra's operations.
Negative
  • Concerns may arise regarding continuity in board dynamics with the addition of a new member.

CHICAGO, July 25, 2022 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG), one of North America's leading branded food companies, today announced the appointment of Denise A. Paulonis to its board of directors, effective August 1, 2022. With this addition, the Conagra Brands board will increase to 13 members.

"We are pleased to welcome Denise to the Conagra Brands board," said Richard H. Lenny, chair, Conagra Brands. "Conagra and our shareholders will benefit from Denise's extensive leadership experience driving growth, supply chain innovation, e-commerce capabilities, and product innovation within the consumer products market."

Denise Paulonis said, "It's an exciting time to be part of Conagra Brands. I look forward to working with the board and management team to help drive growth and development across the company's roster of iconic brands."  

About Denise A. Paulonis
Denise A. Paulonis is the President and Chief Executive Officer of Sally Beauty Holdings, Inc., an international specialty retailer and distributor of professional beauty supplies, where she leads the company's growth agenda, drives supply chain modernization, advances digital commerce capabilities, and delivers product innovation to the market. Prior to Sally Beauty, Ms. Paulonis served as Chief Financial Officer of Sprouts Farmers Market, Inc., as Executive Vice President and Chief Financial Officer of the Michaels Companies, and in various leadership roles within the finance and investor relations functions of the Michaels Companies, PepsiCo, and Procter & Gamble.

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: Dan Hare
312-549-5355
Daniel.Hare@conagra.com

INVESTORS: Melissa Napier
312-549-5002
IR@conagra.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/conagra-brands-announces-appointment-of-denise-paulonis-to-its-board-of-directors-301592642.html

SOURCE Conagra Brands, Inc.

FAQ

What is the significance of Denise A. Paulonis joining the board of Conagra Brands?

Denise A. Paulonis' appointment is significant as she brings extensive leadership and innovation experience, which could benefit Conagra's strategic growth and product development.

When did Denise A. Paulonis officially join the Conagra Brands board?

Denise A. Paulonis officially joined the Conagra Brands board on August 1, 2022.

What prior experience does Denise A. Paulonis have before joining Conagra Brands?

Before joining Conagra, Denise A. Paulonis was the CEO of Sally Beauty Holdings and held leadership roles at Sprouts Farmers Market and PepsiCo.

How many members are currently on the Conagra Brands board after the appointment?

After Denise A. Paulonis' appointment, the Conagra Brands board increased to 13 members.

Conagra Brands, Inc.

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