Business
Freshpet Advances Operational Improvement Plan Through Board Changes
Current Director Walt George will be named Chair to replace retiring Charles Norris Former Conagra executive David Biegger will join the Freshpet Board
About this update from Freshpet, Inc.
[{"type":"text","content":"Current Director Walt George will be named Chair to replace retiring Charles Norris Former Conagra executive David Biegger will join the Freshpet Board Biegger and George bring decades of CPG experience in supply chain and operations leadership roles across Conagra Brands, Campbell Soup Company, Procter & Gamble, and Hill’s Pet Nutrition 2023 Annual Meeting to be held on July 25, 2023 SECAUCUS, N.J., May 17, 2023 (GLOBE NEWSWIRE) -- Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced several actions as part of its operational improvement plan launched in August of 2022. Walter George, current Chair of the Nominating, Governance and Sustainability Committee of the Board, will be appointed the new independent Chair of the Board effective immediately following the Company’s 2023 Annual Meeting of Shareholders (the “2023 Annual Meeting”). Accordingly, in alignment with the Company's director retirement policy, Charles Norris, Chair of the Board, will not stand for reelection at the 2023 Annual Meeting. Former Conagra Chief Supply Chain Officer David B. Biegger has also been appointed to the Board of Directors (“the Board”). Biegger will serve on the Board’s Audit Committee. “As Freshpet builds upon the strong operational improvements we have made over the past year, ensuring that our Board has the skills and expertise to oversee the strategy and execution of the business is paramount,” said Mr. George. “We are thrilled to welcome Dave, a seasoned supply chain and operations leader with deep domain knowledge and a clear understanding of the complexities of the CPG industry. His guidance and oversight will prove invaluable as we advance plans to deliver margin improvements and drive profitability to enhance shareholder value.” Freshpet’s operational improvement plan was developed by the Company’s Board and management team and contains a roadmap to add manufacturing and supply chain expertise and a strategy to improve quality, efficiency and profitability. The plan builds upon the Company's actions to strengthen its organizational structure and management, including the appointment of Todd Cunfer as CFO, Jay Dahlgren as EVP of Manufacturing, Technology, and Supply Chain, and Dirk Martin as VP of Customer Service & Logistics. These seasoned executives have helped drive continued improvements across logistics, com...