In a filing with the US Securities and Exchange Commission, ConAgra revealed that it has implemented new change-of-control agreements with a number of executives to cut potential future costs.
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The company said that the new agreements, which came into effect 31 March, are designed to “reduce the overall potential cost of providing benefits following a change of control while continuing to provide appropriate protection for key individuals.”
Those who have signed a new deal include president and CEO Gary Rodkin, executive vice president and chief financial officer Frank Sklarsky, executive vice president, organization and administration and corporate secretary Owen Johnson and senior vice president and controller John Gehring.
