CHICAGO - Conagra Brands, Inc. (NYSE: NYSE:CAG), a major player in the North American branded food industry, has announced Noelle O'Mara's appointment as Executive Vice President & President, New Platforms and Acquisitions, effective May 6. O'Mara will lead the charge in identifying and scaling new growth platforms and acquisitions, encompassing strategy, product innovation, commercialization, synergy capture, and market execution.
Sean Connolly, President and CEO of Conagra Brands, expressed confidence in O'Mara's ability to drive the company's ambition to scale emerging brands and deliver on an aggressive innovation and growth strategy. O'Mara brings over two decades of experience in the consumer packaged goods (CPG) industry to her new role at Conagra. Her previous position as Group President at Tyson Foods (NYSE:TSN) saw her overseeing a $10 billion Prepared Foods business unit and spearheading enterprise innovation and brand building.
O'Mara's track record includes senior management positions at Kraft Foods (NASDAQ:KHC), where her contributions to marketing and innovation earned her recognition in Chicago Crains "40 under 40." Her experience is expected to be pivotal in continuing Conagra's growth trajectory and enhancing its consumer-driven portfolio.
Conagra Brands is known for its diverse portfolio that includes iconic brands such as Birds Eye, Duncan Hines, Healthy Choice, and Slim Jim, as well as emerging brands like Angie's BOOMCHICKAPOP and Gardein. The company is committed to innovation and adapting to changing food preferences.
This strategic appointment is based on a press release statement from Conagra Brands and reflects the company's ongoing efforts to expand and evolve in the competitive food industry.
InvestingPro Insights
Conagra Brands (NYSE: CAG) has shown a commitment to growth and shareholder value, underscored by its recent executive appointment aimed at expanding its brand portfolio. An InvestingPro analysis reveals that Conagra has raised its dividend for 4 consecutive years, demonstrating a strong commitment to returning value to shareholders. This aligns with the company's strategy of scaling new growth platforms and may provide reassurance to investors looking for stable dividend-paying stocks.
InvestingPro data highlights Conagra's market capitalization at approximately $14.77 billion, with a P/E ratio of 15.52, suggesting a reasonable valuation in comparison to near-term earnings growth. Furthermore, the company has maintained dividend payments for an impressive 49 consecutive years, which might be particularly appealing to income-focused investors. As of the last twelve months ending Q3 2024, Conagra's dividend yield stands at 4.56%, complemented by a 6.06% dividend growth, which could be a lucrative aspect for those seeking regular income streams from their investments.
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