ConAgra Foods Inc. said Chief Financial Officer John Gehring is retiring after 14 years with the company, but will remain in the role until the food maker finds his replacement.
The Omaha, Neb., company said it has initiated a search for a new CFO and that Mr. Gehring would assist with the transition.
Mr. Gehring joined the maker of Snack Pack puddings and Peter Pan peanut butter in 2002. He assumed the CFO spot in 2009.
Separately on Tuesday, ConAgra backed its earnings guidance for the year, still projecting $2.05 to $2.07 in adjusted per-share profit. Analysts are looking for $2.10 a share.
ConAgra has reported strong results recently, posting a profit that topped analysts’ expectations in the latest quarter. The company is in the process of spinning off its Lamb Weston frozen potato business, which will sells foods to restaurants and other commercial customers.
Shares in the company, up 14% over the past 12 months, were inactive during premarket trading.
By Lisa Beilfuss
Source: Wall Street Journal
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
