CAG · Conagra Brands, Inc.

Conagra Brands announced a significant leadership transition with John Brase appointed as the new President and CEO effective June 1, 2026, succeeding Sean Connolly who will depart on May 31, 2026. Brase brings extensive consumer goods experience from his recent role as President and COO of J.M. Smucker and approximately 30 years at Procter & Gamble, where he led the $6 billion North America Family Care business. His compensation package includes a $1.15 million base salary, substantial incentive opportunities, and significant sign-on awards totaling $6.2 million in equity. The company emphasized this transition follows thoughtful succession planning and expressed confidence in Brase's ability to drive growth and operational excellence. Connolly, who led the company for over a decade, will receive separation benefits under his existing agreement, with non-competition restrictions applying for one year post-departure.