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Monday, August 11, 2014

ConAgra Foods CEO Gary Rodkin to retire in May, (NYSE: CAG)

Packaged foods maker ConAgra Foods Inc said long-time Chief Executive Gary Rodkin would retire in May 2015 at the end of the company's fiscal year.Rodkin, who has been at the helm of ConAgra since 2005, has been under pressure from shareholders to fix problems resulting from the Omaha-based company's troubled $5 billion acquisition of private brands business Ralcorp in January 2013.The Ralcorp acquisition made ConAgra, whose products include Slim Jim meat snacks and Healthy Choice frozen meals, the biggest U.S. private-label food company.Rodkin, 62, said in June that the company had underestimated the issues it inherited by buying Ralcorp, which had just started to restructure.

ConAgra Foods, Inc. is a packaged food company. The Company operates in four segments: Consumer Foods, Commercial Foods, Ralcorp Food Group, and Ralcorp Frozen Bakery Products. Shares of CAG traded higher by 0.36% or $0.11/share to $31.07. In the past year, the shares have traded as low as $28.09 and as high as $36.86. On average, 4446720 shares of CAG exchange hands on a given day and today's volume is recorded at 148831.