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
Local industry stakeholders under Food Drink Ireland (FDI) have called for targeted support measures in the sector that will help businesses stay buoyant during the transitional period.
Diageo has announced that the company’s CFO Kathryn Mikells will leave the business later this year and will be replaced by Lavanya Chandrashekar.
Schlosberg – who has resigned his positions as president, CFO, COO and secretary of Monster Beverage – will serve as co-CEO alongside Rodney C. Sacks.
