Conagra Brands has appointed John Brase, a former executive from JM Smucker, as its new president and CEO, succeeding Sean Connolly. This transition, effective June 1, signifies a strategic move as the company continues to adapt to evolving trends in the food and beverage industry.
Brase will also join the board of directors, as confirmed in a statement released on April 13. Connolly, after more than ten years at Conagra, will step down on May 31. His leadership has guided the company through significant challenges, including the impact of the global pandemic and rising inflation.
John Brase brings over 35 years of substantial experience in the consumer goods sector. Most recently, he held the role of president and chief operating officer at JM Smucker, where he managed retail, international business, and foodservice operations. His previous tenure at Procter & Gamble included a position as senior vice president.
“John’s track record of driving top- and bottom-line performance, building brands across multiple consumer-packaged goods categories, leveraging advantaged business systems, and leading inclusive, results-driven cultures is exceptional,” stated Richard Lenny, the independent chair of Conagra’s board. He expressed confidence that Conagra will thrive under Brase’s leadership.
Lenny emphasized that the decision to appoint Brase followed comprehensive discussions regarding succession planning, alongside discussions with Connolly. The timing for this leadership transition was determined to be optimal.
Brase articulated his vision to enhance Conagra’s established momentum of robust revenue growth, improved margins, and strong cash flow. He aims to unlock the full potential of the company’s diverse brands, thereby delivering significant value for both consumers and shareholders.
Lenny acknowledged Connolly’s achievements during his tenure at Conagra, now described as a “pure-play food company.” Connolly successfully navigated extraordinary industry challenges and fostered a “refuse to lose” mindset throughout the organization.
Connolly commented on the company’s commitment to investing in brand-building and innovation, particularly in the frozen and snacks segments. He asserted that the foundation laid during his leadership positions Conagra for continued success in the food and drink business.
Notably, last year, Connolly oversaw the divestiture of Chef Boyardee, selling the brand to Hometown Food Company for $600 million. Additionally, Canadian seafood group High Liner Foods acquired the Mrs. Paul’s and Van de Kamp’s brands from Conagra.
With its headquarters in Chicago, Conagra’s portfolio encompasses well-known brands such as Duncan Hines, Healthy Choice, Marie Callender’s, Slim Jim, and Angie’s Boomchickapop. The leadership changes come at a time when understanding food and drink consumer trends is essential for sustained growth.
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