ConAgra Foods company information
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ConAgra Foods company information Document Transcript

  • 1. ConAgra Foods, Inc. • One ConAgra Drive • Omaha, NE 68102-5001 © ConAgra Foods, Inc. All rights reserved.
  • 2. “We agree with the company’s strategy and think that the new management team is a first-class group, assembled from among the best consumer packaged good companies, and has the capacity to drive real improvements at ConAgra. Management has done a good job in increasing the company’s advertising budget and new product innovation, which has boosted sales growth trends at the company. Furthermore, we believe management’s restructuring efforts aimed at reducing the complexity of the company and improving its efficiency are well placed.” (David Driscoll, Citigroup Analyst, Feb. 16, 2010) As a leading food company, ConAgra Foods makes the food you love. Brands include Banquet®, Chef Boyardee®, Healthy Choice®, Hunt’s®, Marie Callender’s®, Orville Redenbacher’s®, PAM®, Peter Pan®, Reddi-wip® and more. ConAgra Foods also has a very significant presence in commercial food products and is a top provider of specialty potato products to restaurants and other foodservice establishments. Under the leadership of CEO Gary Rodkin, the company has developed a strategic plan that serves as a roadmap to sustainable, profitable growth and leverages five areas of competitive advantage: Convenient Meals, Potatoes, Snacks, Meal Enhancers and Specialty. ConAgra Foods offers employees a unique opportunity to have a direct, meaningful impact on company performance and provides a deeper and richer career experience. The matrixed organizational structure allows employees more direct access to senior leadership. Learn more at conagrafoodscareers.com. ConAgra Foods by the Numbers • $12.7 billion in net sales for fiscal year 2009 • Fortune 500 company • 25,000 employees • ConAgra Foods’ brands are found in 96 percent of U.S. households • ConAgra Foods’ top 25 brands make up more than 80 percent of the Consumer Foods segment’s $8 + billion in annual sales • ConAgra Foods sells nearly 13 million packages of food products each day, including more than 3 million packages of frozen food • More than $105 million was invested in quality, food safety and infrastructure upgrades in fiscal 2009; prior year investments were $170 million • Capital investments of $442 million for fiscal year 2009 included improving efficiencies and upgrading three manufacturing plants, including Russellville, Ark.; Marshall, Mo.; and Lincoln, Neb. • Productivity improvements in the Consumer Foods business resulted in savings of more than $300 million for fiscal 2009 • Opening in November 2010, ConAgra Foods Lamb Weston is building a new state-of-the-art, environmentally friendly sweet potato plant near Delhi, La.
  • 3. Recent Honors • In recognition of ConAgra Foods’ creative, insights-driven and results-producing marketing, Brandweek named the company in 2009 as a top 12 marketer of the year. • The Shopper Marketing team received two important honors in 2009: a Gold Ogilvy Award for Excellence in Shopper Marketing and named by The Hub Magazine as No. 2 in its 2009 annual report on shopper marketing excellence • CRO Magazine named ConAgra Foods to its 11th Annual 100 Best Corporate Citizens List. This list is known as one of the world’s top corporate responsibility rankings • ConAgra Foods was named as a Best Company for Internships by Bloomberg BusinessWeek for 2009 • ConAgra Foods became the first SAP® customer in the Americas to achieve Customer Center of Expertise Advanced Certification • ConAgra Foods was awarded the 2009 Processor of the Year for its frozen food business by Refrigerated & Frozen Foods magazine • Healthy Choice® Café Steamers™ entrees were named as the No. 1 new food item, measured by sales across the grocery store in 2008 by Information Resources, Inc. (IRI) • Lamb Weston® was named as the top food supplier by SYSCO, the nation’s largest foodservice business • Hunt’s ketchup won the prestigious WorldStar Award from the World Packaging Organization for its innovative, sustainable packaging • For the second year in a row, ConAgra Mills was named the No. 1 supplier of grain products in Food Processing magazine’s Readers’ Choice Awards Mission One company. One goal. Making the food you love. Operating Principles Simplicity We do less of what doesn’t matter, and more of what really does. We are getting more each day from our time and energy through intense clarity and focus on our objectives. Collaboration We trust and respect our people. We’re an inclusive organization that values engaged dialogue. That means we seek diverse viewpoints to find the best ideas, and we proactively align on execution to get to the best result, faster. Accountability We keep our promises. We align on very specific goals, objectives and strategies. We always act with integrity and urgency against commitments to our customers, consumers, shareholders and employees. We don’t offer excuses; we offer solutions.
  • 4. People ConAgra Foods is committed to nourishing people to attract, retain, engage and diversify talent to drive success. The company is creating a culture of development where you can discover your talents and advance your skills. Company leaders participate in unique leadership programs developed by ConAgra Foods. Our talent management program clearly defines and aligns business needs with the individual career aspirations of our employees. In addition to expanding employees’ knowledge, ConAgra Foods’ learning and development programs help give employees the opportunity to advance. Last year, more than 750 employees were promoted from within. Representing the company’s commitment to a diverse, inclusive workplace, six Employee Resource Network groups offer professional development, mentoring, and the opportunity to bring unique insights to product innovation and other business goals. These groups include: • Young Professionals Network (YPN) • ConAgra Asian Network (CAN) • ConAgra Black Employee Network (CBEN) • ConAgra Latino Network (CLN) • Women’s Leadership Council (WLC) • Illuminations – GLBT employees and allies Products “We continue to expect the company to drive double-digit earnings growth, further realize cost savings, deliver improving margins, and leverage its brand portfolio. While we believe much focus will remain on top-line performance in the consumer foods segment, we believe management will continue to deliver against expectations even in a potentially more price competitive environment.” (Ann Gurkin, Davenport & Company Analyst, March 29, 2010) ConAgra Foods specializes in food that Americans have loved for generations, and is always creating new recipes and innovations for the next generation. With a focus exclusively on branded, packaged food, 19 brands generate more than 100 million in sales each year. At the heart of the business is the food people want in their lives every day. Food like Healthy Choice® meals and entrees, Lamb Weston® potatoes, Orville Redenbacher’s® popcorn, Hunt’s® tomatoes, and Banquet® dinners. Food that’s delicious, innovative, convenient, nutritious, and trusted.
  • 5. Innovation “Going forward, the company continues to innovate strongly, particularly in the frozen segment, and is using its combination of new technologies (e.g. Café Steamers) plus market insights (e.g. an unmet consumer need for multiple-serving, high-quality, home-style meals at a good price point) to drive the top line. These actions are clearly driving growth in the company’s strongest brands.” (Alexia Howard, Bernstein Research Analyst, March 26, 2010) ConAgra Foods focuses on breakthrough technologies and platform innovations. In just its first year, Healthy Choice® Café Steamers™ meals delivered over $100 million in sales and were crowned the No. 1 new food product for 2008 by Information Resources, Inc. (IRI). The company used its proprietary expertise in steaming to create new Marie Callender’s Pasta Al Dente meals and introduced a line of gourmet-quality Healthy Choice All Natural Entrées. Our consumer-driven innovation extends to how we make our food as well. In fiscal 2009, ConAgra Foods became the first company in North America using post-consumer recycled plastic in frozen meal trays, diverting 8 million pounds of plastic—the equivalent of 128 million 20-ounce plastic bottles—from landfills each year. Locations The world headquarters for ConAgra Foods is in Omaha, Neb. • Omaha is home to the headquarters of four Fortune 500 companies, including ConAgra Foods • More than $2 billion in new capital investment transformed the riverfront and downtown in less than a decade • Omaha was listed as “America’s Fastest-Recovering City” (Forbes.com, 2009) • Named the third-best U.S. city for business (Dow Jones’ MarketWatch, 2009) • The city ranked fifth among “The Best Places to Start Over” (Bloomberg BusinessWeek, 2009) Other key office locations include Naperville, Ill., Edina, Minn., and Kennewick, Wash. The company has more than 90 manufacturing plants located across the country and sales offices strategically located to best meet customers’ needs. Main sales locations are: Bentonville, Ark., Pleasanton, Calif., Cincinnati, Ohio, Dayton, Ohio, and Boston, Mass.
  • 6. Benefits WorkPerks brings together programs – pay, benefits, work environment and learning and development – that help make ConAgra Foods a leading employer. The programs vary by location, but the philosophy never wavers. ConAgra Foods comprehensive benefits package includes: medical, dental, vision, disability, life insurance, pre-tax spending accounts, pension plans, 401(k) and a stock purchase plan. Not to mention 10 paid holidays on an annual basis and a generous vacation time package. • Tuition reimbursement • Company stores • On-site fitness facilities and classes • On-site cafeterias • 15 days of paid vacation annually • Summer hours (office locations close at 1 p.m. Memorial Day through Labor Day) • Services for new parents • Paternity leave • Adoption assistance • Same-sex/domestic partner benefits • Volunteer opportunities • Free parking *Services vary by location. Corporate Responsibility ConAgra Foods is dedicated to improving not only what it makes, but how it makes it. From innovative packaging to energy- and water-efficiency projects, the company has demonstrated that sustainability is a key component to exceptional manufacturing processes. The company recently announced five aggressive sustainability goals to significantly reduce packaging, water, greenhouse gas and solid waste by 2015. In 2009, ConAgra Foods pledged to reduce salt across its portfolio of food products by 20 percent by 2015. This effort, which began in 2006, will ultimately remove 10 million pounds of salt from American diets each year. ConAgra Foods’ partnership with Feeding America (the nation’s leading domestic hunger-relief charity) is the largest corporate initiative in the U.S. solely dedicated to fighting child hunger. Over the past 15 years, ConAgra Foods has donated more than 230 million pounds of food and invested more than $30 million as the first company to comprehensively fund child hunger programs nationwide. Of all the reasons to consider ConAgra Foods, consider this … it just might be the career you’ve been looking for, the career you love. Learn more at conagrafoodscareers.com.