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MarketScreener Homepage  >  Equities  >  Nyse  >  Conagra Brands, Inc.    CAG

CONAGRA BRANDS, INC.

(CAG)
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Conagra Brands : Announces Chief Supply Chain Officer Dave Biegger Will Retire at End of Fiscal Year; Company has begun search for successor

10/07/2020 | 09:16am EST

CHICAGO - Conagra Brands, Inc. (NYSE: CAG) today announced that its executive vice president and chief supply chain officer, Dave Biegger, has made the decision to retire from the organization in May 2021 after leading the company's supply chain function for the past five years. Since he joined Conagra Brands in 2015, Biegger's nearly 40 years of deep supply chain knowledge, operational expertise and strong leadership have greatly benefitted the organization.

'Dave has been an integral part of our leadership team through times of tremendous change, including the global COVID-19 pandemic,' said Sean Connolly, president and chief executive officer, Conagra Brands. 'I'd like to thank Dave for all of his contributions to Conagra Brands over this transformative period in our company's history.'

Prior to joining Conagra Brands, Dave was responsible for Campbell Soup Company's Global Supply Chain. He started his career at Procter & Gamble, where he spent 24 years in various supply chain roles. Dave earned his Bachelor of Science degree, majoring in chemical engineering, from Iowa State University.

The company has begun a search for Biegger's successor. It expects a smooth transition of responsibilities for this important role with a period of collaboration between Biegger and his replacement.

About Conagra Brands

Conagra Brands, Inc. (NYSE: CAG), headquartered in Chicago, is one of North America's leading branded food companies. Guided by an entrepreneurial spirit, Conagra Brands combines a rich heritage of making great food with a sharpened focus on innovation. The company's portfolio is evolving to satisfy people's changing food preferences. Conagra's iconic brands, such as Birds Eye, Marie Callender's, Banquet, Healthy Choice, Slim Jim, Reddi-wip, and Vlasic, as well as emerging brands, including Angie's BOOMCHICKAPOP, Duke's, Earth Balance, Gardein, and Frontera, offer choices for every occasion. For more information, visit www.conagrabrands.com.

For more information, please contact:

MEDIA: Mike Cummins

312-549-5257

Michael.Cummins@conagra.com

INVESTORS: Brian Kearney

312-549-5002

IR@conagra.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 10 905 M - -
Net income 2021 1 159 M - -
Net Debt 2021 8 911 M - -
P/E ratio 2021 15,1x
Yield 2021 2,84%
Capitalization 17 557 M 17 557 M -
EV / Sales 2021 2,43x
EV / Sales 2022 2,38x
Nbr of Employees 16 500
Free-Float 83,3%
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Technical analysis trends CONAGRA BRANDS, INC.
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 38,23 $
Last Close Price 35,94 $
Spread / Highest target 22,4%
Spread / Average Target 6,37%
Spread / Lowest Target -5,40%
EPS Revisions
Managers
NameTitle
Sean M. Connolly President, Chief Executive Officer & Director
Richard H. Lenny Non-Executive Chairman
Thomas M. McGough Co-Chief Operating Officer & Executive VP
Darren C. Serrao Co-Chief Operating Officer & Executive VP
David S. Marberger Chief Financial Officer & Executive Vice President
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