Shares of TreeHouse Foods Inc. (NYSE:THS) ended Wednesday session in red amid volatile trading. The shares closed down -1.00 points or -1.14% at $86.95 with 2.02 million shares getting traded. Post opening the session at $87.13, the shares hit an intraday low of $85.36 and an intraday high of $87.63 and the price vacillated in this range throughout the day. The company has a market cap of $4.84 billion and the numbers of outstanding shares have been calculated to be 56.72 million shares.
TreeHouse Foods Inc. (THS) on Aug. 4, 2016 announced that Dennis F. Riordan, Executive Vice President, Chief Financial Officer and Interim President of Private Brands, will transition to a Senior Advisor role upon the appointment of a successor. TreeHouse has initiated an executive search to identify a new CFO, and Mr. Riordan will be an active participant in the search process. Upon appointment of a successor, Mr. Riordan will remain with the Company to provide a smooth transition of his responsibilities. As Senior Advisor, he will continue his involvement with the Private Brands integration efforts and business strategy.
Mr. Riordan has been with TreeHouse for over ten years, having joined the Company soon after its formation in 2005. During his tenure, Mr. Riordan has overseen the financial and infrastructure growth of the Company as revenues increased tenfold through a series of 13 acquisitions, the most recent being the acquisition of the Private Brands business from ConAgra Foods.
“Dennis’ leadership has been instrumental to our Company’s growth, and he has been key to delivering shareholder returns that have exceeded that of the industry. He has been a quintessential leader as we have built the company from $700 million in revenue to $7 billion, and under his guidance, we now have robust accounting, finance, investor relations, tax and IT teams. We greatly appreciate his many contributions,” said Sam K. Reed, Chairman and Chief Executive Officer of TreeHouse Foods. “As we lay the operational and organizational foundations upon which to build the transformed TreeHouse of our future, Dennis will continue to play an important role.”
Shares of ConAgra Foods Inc (NYSE:CAG) ended Wednesday session in red amid volatile trading. The shares closed down -0.17 points or -0.39% at $43.82 with 2.01 million shares getting traded. Post opening the session at $44.05, the shares hit an intraday low of $43.67 and an intraday high of $44.07 and the price vacillated in this range throughout the day. The company has a market cap of $19.05 billion and the numbers of outstanding shares have been calculated to be 439.35 million shares.
ConAgra Foods Inc (CAG) on September 9, 2016 announced that it has been named to the Dow Jones Sustainability Index for the sixth consecutive year.
Recognized worldwide, Dow Jones Sustainability Indices measure the performance of the world’s sustainability leaders. Companies are selected for the indices based on a comprehensive assessment of long-term economic, environmental and social criteria. These account for general and industry-specific sustainability issues, such as corporate governance, health and nutrition, climate strategy, citizenship and philanthropy, and occupational health and safety.
“It’s an incredible honor to be named to the Dow Jones Sustainability North America Index for the sixth consecutive year,” said Sean Connolly, president and chief executive officer of ConAgra Foods. “As we continue our journey to becoming a more focused and higher performing company, our corporate citizenship objectives have remained a top priority. Inclusion on this index not only reflects our long term commitment to corporate citizenship, it also provides a valuable measure of the progress we are making.”