CAG ConAgra Brands Inc

ConAgra Foods Inc. said Prestige Brands Holdings Inc. Chief Financial Officer David Marberger will become ConAgra's CFO on Aug. 29 when John Gehring retires.

Mr. Gehring, whose retirement was announced in May, will assist with the transition through the end of September. Mr. Marberger is a former financial chief of Godiva Chocolatier and worked for Campbell Soup Co.

Prestige Brands' portfolio of health-care and household products includes Dramamine, Monistat, Efferdent and Comet. The company said Mr. Marberger's departure is effective Aug. 5. Chief Executive Ron Lombardi will be interim CFO as the company searches for a replacement.

Mr. Gehring joined ConAgra in 2002 and assumed the CFO spot in 2009.

ConAgra, home to brands including Peter Pan, Healthy Choice and Chef Boyardee, said Mr. Marberger will be helpful in its move to become a "more contemporary and higher-performing company."

ConAgra and other leaders in supermarket staples have taken steps to update their products as more customers lean toward organic and natural foods. The Omaha, Neb., company launched a "clean label" version of Peter Pan and organic Hunt's ketchup.

ConAgra sold its private-label business for $2.7 billion and is spinning off its Lamb Weston potato business.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

July 14, 2016 18:25 ET (22:25 GMT)

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