Conagra Brands, Inc. appointed John Mulligan and Pietro Satriano to its board of directors, effective immediately, expanding the board from 11 to 12 members.
“We are pleased to welcome John and Pietro to the Conagra Brands board,” said Richard H. Lenny, chair at Conagra Brands.
“Conagra and its shareholders will benefit from their extensive leadership and corporate governance experience. In addition, John brings relevant expertise navigating retail business challenges and driving strategy, while Pietro provides food industry experience with corporate transformation and supply chain excellence.”
Mulligan brings retail and technology experience
Mulligan is the former COO of Target Corporation, where he served as CFO and held executive roles in finance, digital and human resources. He also served as a director of McDonald’s Corporation for 10 years ending in 2025, serving as chair of its public policy and strategy committee and chair of its audit and finance committee.
Mulligan will serve on the Human Resources and Nominating Corporate Governance Committees of the board.
“It is an exciting time to join Conagra Brands as it focuses on leveraging technology to drive its business and innovation agenda,” Mulligan said. “I look forward to working with the board and management to pursue Conagra’s strategy.”
Satriano adds foodservice and supply chain expertise
Satriano is the former chairman of the board and CEO of US Foods Holding Corp., where he started as CFO. He has served in various leadership positions at Loblaw Companies and LoyaltyOne Canada, a provider of marketing services primarily to retailers.
He currently serves on the board of directors of CarMax Inc. and Metro Inc., a Canadian grocery and pharmacy retailer. He is also a senior lecturer at Harvard Business School and an executive advisor for JMPS Advisory LLC, a business consulting and advisory firm.
Satriano will serve on the audit/finance committee of the board.
“I am honored to join the board and play a part in Conagra’s success,” Satriano said. “I look forward to collaborating with my fellow board members and the management team as Conagra continues to focus on innovation and operational transformation.”
Both directors have been determined to satisfy the definition of an “independent director” under the listing standards of the New York Stock Exchange and the categorical independence standards contained in the company’s Corporate Governance Principles. As non-employee directors, each will receive a prorated cash retainer and a prorated annual equity award, including restricted stock units valued at about $60,000 each, to be granted March 2.
Conagra Brands’ portfolio includes Birds Eye, Healthy Choice, Evol, Hungry Man, Marie Callender’s and other frozen food brands. The company generated net sales of nearly $12 billion in 2025.
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