ConAgra Foods Announces CFO's Plans to Leave
June 16 2006 - 9:00AM
Business Wire
ConAgra Foods Inc. (NYSE:CAG) today announced that Frank Sklarsky,
executive vice president and chief financial officer, plans to
leave the company following a transition to a new chief financial
officer to be named at a later date. The company has commenced a
search to identify succession candidates. "Frank was recruited to
strengthen our worldwide financial controls and our financial
management as we consolidated financial reporting systems. He has
delivered on that challenge and has helped build strong
relationships with the investment community during a critical time
for the company," said Gary Rodkin, president and chief executive
officer. "I particularly appreciate Frank's commitment to a smooth
leadership transition and wish him well in his future endeavors."
"I'm very proud of our accomplishments in strengthening our
financial team, our reporting integrity and our relationships with
the financial community and rating agencies during my time with
ConAgra," Sklarsky said. "We have built a highly competent team and
established improved systems and processes that will greatly assist
in a seamless transition." "As we complete the process of
stabilizing our business and turn to driving our future growth, we
will be looking for someone with broad consumer products experience
to fill Frank's shoes," Rodkin said. "As we will discuss on our
earnings call on June 28, our fourth-quarter operating performance
showed a solid finish and our fiscal 2007 goals remain on track."
ConAgra Foods Inc. (NYSE:CAG) is one of North America's largest
packaged food companies, serving grocery retailers, as well as
restaurants and other foodservice establishments. Popular ConAgra
Foods consumer brands include: Banquet, Chef Boyardee, Egg Beaters,
Healthy Choice, Hebrew National, Hunt's, Marie Callender's, Orville
Redenbacher's, PAM, and many others. Note on Forward-Looking
Statements: This news release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current views
and assumptions of future events and financial performance and are
subject to uncertainty and changes in circumstances. Readers of
this release should understand that these statements are not
guarantees of performance or results. Many factors could affect the
company's actual financial results and cause them to vary
materially from the expectations contained in the forward-looking
statements. These factors include, among other things, future
economic circumstances, industry conditions, company performance
and financial results, availability and prices of raw materials,
product pricing, competitive environment and related market
conditions, operating efficiencies, access to capital, actions of
governments and regulatory factors affecting the company's
businesses and other risks described in the company's reports filed
with the Securities and Exchange Commission. The company cautions
readers not to place undue reliance on any forward-looking
statements included in this release, which speak only as of the
date made. For more information, please visit us at
www.conagrafoods.com.
ConAgra Brands (NYSE:CAG)
Historical Stock Chart
From Jun 2024 to Jul 2024
ConAgra Brands (NYSE:CAG)
Historical Stock Chart
From Jul 2023 to Jul 2024