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Ex-Walgreens CFO joining ConAgra board | Retailing Today

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in July
JULY 9, 2015 | BY GINA ACOSTA

A former chief financial officer of Walgreens is joining the board of directors at ConAgra Foods as the company deals with the interest of activist investors.

JANA Partners LLC said in June that it had bought 7.2% of ConAgra’s shares, a roughly $1.2 billion stake in the company. The hedge fund has now appointed former Walgreens executive Timothy R. McLevish, as well as former Nestle CEO Brad Alford, to ConAgra Foods’ board of directors, effective no later than July 22. With the addition of Alford and McLevish, the ConAgra Foods Board will increase from 12 to 14 members.

http://www.retailingtoday.com/article/ex-walgreens-cfo-joining-conagra-board
 

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