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Stock impact report

Conagra Brands incoming CEO on knife edge [Yahoo! Finance]

ConAgra Brands, Inc. (CAG) 
Last conagra brands, inc. earnings: 3/31 07:28 am Check Earnings Report
US:NYSE Investor Relations: conagrabrands.com/investor-relations
Company Research Source: Yahoo! Finance
Is that a reflection of the desperation flying around the US company's board? With that observation in mind, you only have to look at the share price, which reacted negatively in the US on Monday (13 April) to the appointment of JM Smucker chief operating officer John Brase as president and CEO. Beyond Monday's 4.4% slippage, the poor performance on Wall Street over the longer term is even more revealing. The Healthy Choice meals owner's shares have retreated almost 18% this year alone as Sean Connolly marked his departure just days after celebrating his 11-year anniversary heading up the group. Connolly took the helm in April 2015 during a different era at what was then ConAgra Foods. He sold most of the own-label business that year to private-label heavyweight TreeHouse Foods and then split the company. Lamb Weston emerged from that separation, along with what we know today as Conagra Brands. Applauding Connolly's achievements in Monday's announcement as a “pure-play food co Show less Read more
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