“The board is extremely appreciative of Gary’s leadership, vision and accomplishments over his almost nine years as CEO of ConAgra Foods,” said Steven Goldstone, chairman of ConAgra Foods. “Under his stewardship, ConAgra Foods has transformed from a holding company into one unified company, with a well-balanced portfolio of consumer, commercial and private brand businesses, and strong operating capabilities. To achieve this transformation, Gary made necessary and bold moves with the company’s portfolio and drove significant cultural change throughout the business.”

Rodkin, 62, joined ConAgra Foods in October 2005. Prior to joining ConAgra, he was chairman and chief executive officer of PepsiCo Beverages and Foods North America, where he led a $10 billion organization that included such brands as Pepsi, Gatorade, Quaker Foods and Tropicana. He joined PepsiCo in 1998 after it acquired Tropicana, where he had served as president since 1995.

“It is a great privilege to lead ConAgra Foods, and while I look forward to retirement, I will miss working alongside so many smart and talented people who I’ve watched grow tremendously in my nine years here,” Rodkin said. “I’m pleased we are beginning my last fiscal year at ConAgra Foods by making good progress, and I have deep conviction that we are on the right path to deliver sustainable, profitable growth due to our significantly improved operational capabilities and our differentiated portfolio that is right for today’s value-oriented consumers.”