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ConAgra Seeks New CEO
NEW YORK - May 11/05 - SNS -- ConAgra Foods Chairman and Chief Executive Officer Bruce Rohde is formally looking for his own successor.
As part of the company’s current strategic planning process, Rohde discussed succession planning with the ConAgra Foods Board of Directors and today formally asked the Board to approve the formation of a search committee that will be headed by Steven F. Goldstone, director, and retired Chairman and CEO of RJR Nabisco.
Rohde has served as CEO of ConAgra Foods since September 1997 and Chairman since September 1998. In that timeframe he has transformed the company from an agriculturally based conglomerate and built it into one of North America’s largest packaged foods companies focused on retail, foodservice and ingredient customers.
When he took over as CEO more than half of the company’s sales were derived from commodity businesses; in 2004 earnings and dividends were record amounts, and more than 80% of the company’s sales were derived from branded and value-added foods.
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