Conagra Brands names John Brase as new CEO; shares drops

Conagra Brands

13/04/2026 15:17

Corrects typo in headline, removes extraneous character from bullet 5

** Shares of packaged food maker Conagra Brands CAG.N down 4% at $14.56

** Stock touches its lowest since July 2009

** The broader market opened lower after the talks between U.S. and Iran failed to deliver a deal to end the war

** Co names J.M. Smucker SJM.N executive John Brase as its new CEO, succeeding Sean Connolly

** Brase will join company's board and assume CEO role on June 1

** Connolly, who has been at the helm for more than 11 years, will step down and leave the board on May 31

** Including session moves, stock up 71% YTD

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))