Conagra Brands Welcomes Two New Members to Its Board of Directors

Conagra Brands Strengthens Board of Directors

In a significant move aimed at bolstering its leadership, Conagra Brands, Inc. (NYSE: CAG), one of North America's top branded food companies, has announced the appointment of two seasoned professionals, John Mulligan and Pietro Satriano, to its board of directors. With these new additions, the board will now comprise a total of 12 members.

Richard H. Lenny, the chair of Conagra Brands, expressed enthusiasm about the new board members. He stated, "We are pleased to welcome John and Pietro to the Conagra Brands board. Their extensive leadership and corporate governance experience will undoubtedly benefit Conagra and its shareholders. John’s expertise in navigating retail challenges and driving strategy complements Pietro’s rich background in the food industry, particularly in corporate transformation and supply chain efficiencies."

Profiles of the New Board Members

John Mulligan brings a wealth of experience from his previous role as the Chief Operating Officer of Target Corporation, one of the leading general merchandise retailers in the United States. In his decade-long tenure at Target, he held multiple positions, including that of Chief Financial Officer, overseeing key areas like finance, digital strategy, and human resources. Mulligan also has a distinguished history in governance, having served on the board of McDonald's Corporation for ten years until 2025, where he chaired both the public policy strategy and audit finance committees.

John shared his excitement about joining Conagra at this time, saying, "It is an exciting time to join Conagra Brands as it focuses on leveraging technology to drive its business and innovation agenda. I look forward to working with the board and management to pursue Conagra's strategy."

On the other hand, Pietro Satriano previously held the position of Chairman and CEO of US Foods Holding Corp., a major player in the foodservice sector, where he began as Chief Merchandising Officer. His career spans significant roles at Loblaw Companies and LoyaltyOne Canada, showcasing his diverse experience in the food retail landscape. Currently, Satriano serves on the boards of CarMax, Inc., and Metro, Inc., while also being a senior lecturer at Harvard Business School and an executive advisor for JMPS Advisory LLC. Pietro remarked on his appointment, stating, "I am honored to join the board and play a part in Conagra's success. I look forward to collaborating with my fellow board members and the management team as Conagra continues to focus on innovation and operational transformation."

About Conagra Brands

Celebrating over a century of quality food production, Conagra Brands has established itself as a leader in the North American food industry. The company is dedicated to continuous evolution, adapting to meet consumers' changing preferences while maintaining a commitment to innovation and collaboration. Popular brands under the Conagra umbrella include Birds Eye®, Duncan Hines®, Healthy Choice®, and Slim Jim®, among others.

Headquartered in Chicago, Conagra reported nearly $12 billion in net sales for fiscal 2025, reflecting its robust market position. With the strategic insights brought in by Mulligan and Satriano, stakeholders can anticipate advancements that align with Conagra's mission of driving excellence within the food industry.

For more information about Conagra Brands and their latest updates, visit the official website.