ConAgra Foods Inc, known for its Chef Boyardee pasta and Healthy Choice dinners, named David Marberger of Prestige Brands Holdings Inc as its chief financial officer.
Marberger, who had also worked with Godiva Chocolatier and Tasty Baking Co, succeeds John Gehring.
Gehring, who announced his plan to retire in May, will remain with the company until the end of September and will help with the transition.
Separately, Prestige Brands said in a filing that it named Ronald Lombardi as an interim replacement for Marberger and has started a search for a new CFO.
By Subrat Patnaik
A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.
The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.
Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.