Report: ConAgra looking to replace CEO Rodkin, who is seen retiring soon

|About: ConAgra Brands, Inc. (CAG)|By:, SA News Editor

ConAgra Foods' (NYSE:CAG) long-time CEO Gary Rodkin is expected to retire in the next several months, and the company is in the early stages of reaching out to potential candidates to succeed him, according to a Reuters report.

Rodkin, who has led CAG since 2005, has been under pressure from shareholders to fix problems resulting from the company's acquisition of Ralcorp in Jan. 2013.

The purchase made CAG the biggest U.S. private-label food company, but the business of selling food under supermarket brands has struggled to reach promised profit targets, in part due to cut-price deals Ralcorp had struck with customers before it was taken over.