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Conagra Names Scott Ostfeld as New Member of Board

January 28, 2019

American food company Conagra Brands Inc. announced Monday that Scott Ostfeld will join its Board of Directors on February 16 and serve on the board’s Human Resources Committee. Ostfeld is currently a partner at investment management firm JANA Partners LLC.

“We are pleased to welcome Scott to the Conagra Brands board of directors,” Conagra’s chairman, Rick Lenny, said in a company press release. “As a significant Conagra Brands shareholder for many years, Scott provides valuable perspective and a deep understanding of the industry, our business, and the opportunities we have as we navigate this time of transformation and deliver superior shareholder value over the long-term.”

The new board member is the third new, independent director that Conagra has appointed within the past 12 months to fill positions opened by the departure of three existing board members in 2018. Conagra said Ostfeld offers its board a diverse background in food and consumer packaged goods, finance, technology, and operations. 

“I have confidence in Conagra’s ability to create shareholder value through the successful integration of the Pinnacle Foods acquisition and execution of its proven brand-building and innovation playbook across its attractive collection of brands,” Ostfeld said in a statement. “I look forward to working closely with Rick, Sean, and the rest of the board to represent the interests of all shareholders.”

Ostfeld, 42, joined JANA Partners in 2006. He also serves as the co-portfolio manager of the firm’s active equity ownership strategy, JANA Strategic Investments. 

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