Conagra Brands Provides Senior Leadership Update

Conagra Brands (NYSE: CAG) announced senior leadership changes intended to streamline its structure.

Rhea-AI Summary

Conagra Brands (NYSE: CAG) announced senior leadership changes intended to streamline its structure. Business unit leaders Noelle O'Mara (Refrigerated and Frozen) and Jill Dexter (Grocery and Snacks) will report directly to president and CEO John Brase.

Burke Raine will become executive vice president and chief growth officer, overseeing Foodservice, International and R&D while leading growth initiatives. Executive vice president and chief operating officer Tom McGough will retire effective September 4, 2026, and the COO role will be eliminated. According to Conagra Brands, the company generated fiscal 2026 net sales of over $11 billion.

Positive

• Business unit leaders Noelle O'Mara and Jill Dexter now report directly to the CEO
• Burke Raine appointed executive vice president and chief growth officer over Foodservice, International and R&D

Negative

• Executive vice president and chief operating officer Tom McGough to retire on September 4, 2026 and COO role to be eliminated

Argus Jul 28 session 1 alert

+1.25% close to close 1.0x rel. volume Open Argus

Details

News Market Reaction – CAG

$7.33B Market Cap

In the Jul 28 session, CAG gained 1.25%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The platform recorded Net Buying from insiders over the analyzed period, adding governance context t...

Analysis

The platform recorded Net Buying from insiders over the analyzed period, adding governance context to this leadership update. Moderate short positioning remained a risk factor; execution of the revised structure is the relevant item to watch.

Key Figures

COO Retirement Date: September 4, 2026 Service Duration: nearly two decades Fiscal 2026 Net Sales: over $11 billion +1 more

COO Retirement Date

September 4, 2026

Tom McGough retirement effective date

Service Duration

nearly two decades

Tom McGough's service at Conagra Brands

Fiscal 2026 Net Sales

over $11 billion

Conagra Brands fiscal 2026

Company History

100-year

Conagra Brands history

Historical Context

5 past events · Latest: Jul 15

5 events

1. Jul 15

   Dividend reduction

   24h Move

   -0.4%

   Quarterly dividend reset to an annualized rate of $0.70 per share

2. Jul 15

   Fiscal results

   24h Move

   -0.4%

   Fiscal 2027 guidance called for lower organic sales and adjusted EPS

3. Jun 24

   Product launches

   24h Move

   +1.3%

   New products launched across frozen, refrigerated, pantry, and snack categories

4. Jun 23

   Index inclusion

   24h Move

   +1.3%

   Conagra moved into new S&P indices effective June 29 through July 1

5. Jun 9

   Earnings scheduling

   24h Move

   -0.1%

   Fiscal 2026 fourth quarter and full-year results scheduled for July 15

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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Business unit leaders, Noelle O'Mara (Refrigerated and Frozen) and Jill Dexter (Grocery & Snacks), to report directly to CEO John Brase; Burke Raine to become chief growth officer, also reporting to Brase.

Tom McGough, executive vice president and chief operating officer, to retire effective September 2026 after nearly two decades with Conagra Brands

CHICAGO, July 28, 2026 /PRNewswire/ -- Conagra Brands, Inc. (NYSE: CAG) today announced changes which will streamline the Company's structure. Noelle O'Mara, executive vice president and president of Refrigerated and Frozen and Jill Dexter, executive vice president and president of Grocery and Snacks, will report directly to president and chief executive officer John Brase. Burke Raine will assume the role of executive vice president and chief growth officer where he will oversee Foodservice, International and the Company's R&D efforts in addition to leading growth initiatives across the organization. Tom McGough, executive vice president and chief operating officer, will retire effective September 4, 2026 after nearly two decades of service. Upon his retirement, the COO role will be eliminated.

"Being close to our customers and the consumer is vital as we simplify Conagra and position the Company for profitable growth," said Brase. "Noelle, Jill, and Burke are outstanding leaders and the opportunity to work directly with them will enable us to improve efficiency as we execute our strategy."

Brase continued, "On behalf of the Board and all of us at Conagra, I want to thank Tom for his many contributions to this company over nearly two decades. He has been particularly helpful to me as I immerse myself in the business and I look forward to benefitting from his expertise until he begins his well-deserved retirement in the fall."

"Conagra has extraordinary brands, incredible people, and a lot of runway ahead," said McGough. "John has a clear vision for where this company is going, and I have every confidence that the team will help him get there. I am proud of what we have built together and look forward to a smooth transition in the months ahead."

About Conagra Brands
Conagra Brands, Inc. (NYSE: CAG), is one of North America's leading branded food companies. We combine a 100-year history of making quality food with agility and a relentless focus on collaboration and innovation. The company's portfolio is continuously evolving to satisfy consumers' ever-changing food preferences. Conagra's brands include Birds Eye®, Duncan Hines®, Healthy Choice®, Marie Callender's®, Reddi-wip®, Slim Jim®, Angie's® BOOMCHICKAPOP®, and many more. As a corporate citizen, we aim to do what's right for our business, our employees, our communities and the world. Headquartered in Chicago, Conagra Brands generated fiscal 2026 net sales of over $11 billion. For more information, visit www.conagrabrands.com.

For more information, please contact:
MEDIA: media@conagra.com
INVESTORS: IR@conagra.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/conagra-brands-provides-senior-leadership-update-302835729.html

SOURCE Conagra Brands, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What senior leadership changes did Conagra Brands (CAG) announce on July 28, 2026?

Conagra Brands announced new reporting lines for key business leaders and a new chief growth officer. According to Conagra, Noelle O'Mara and Jill Dexter will report directly to CEO John Brase, while Burke Raine becomes executive vice president and chief growth officer.

Who is the new chief growth officer at Conagra Brands (CAG) and what will they oversee?

Burke Raine will serve as executive vice president and chief growth officer at Conagra Brands. According to the company, he will oversee Foodservice, International and R&D, and lead growth initiatives across the organization to support the company’s strategic priorities.

When is Conagra Brands COO Tom McGough retiring and what happens to the COO role?

Tom McGough will retire as executive vice president and chief operating officer on September 4, 2026. According to Conagra Brands, the COO role will be eliminated upon his retirement as part of a broader effort to streamline the company’s organizational structure.

How will reporting lines change for Conagra Brands’ Refrigerated and Frozen and Grocery and Snacks units?

Leaders of Refrigerated and Frozen and Grocery and Snacks will report directly to the CEO. According to Conagra Brands, Noelle O'Mara and Jill Dexter will now report to president and CEO John Brase to support efficiency and strategic execution.

What recent financial scale did Conagra Brands (CAG) highlight alongside its leadership update?

Conagra Brands highlighted that it generated fiscal 2026 net sales of over $11 billion. According to the company, this figure underscores the scale of its North American branded food business as it implements the new leadership structure and growth-focused roles.