Investor Jana Pushes for Board seats at Treehouse
Activist investors Jana Partners is set to nominate two directors to the board of private brand food manufacturer TreeHouse Foods Inc. as they continue a strategic review.
The New York-based firm, which now owns a 9.4% stake in the manufacturer, has identified two potential directors.
- Former TreeHouse executive Chris Sliva, who was also chief executive officer of AdvancePierre Foods Holdings Inc.
- Wendy Beck, the former chief financial officer of Domino’s Pizza Inc.
Jana purchased its stake in TreeHouse in February and urged the manufacturer to launch a strategic review with a possible sale.
Jana, founded by Barry Rosenstein, has a long history of pushing for consolidation in the consumer space, including Whole Foods Market, Pinnacle Foods, PetSmart, and Safeway. before they were sold.
About the Author: Christopher Durham
Christopher Durham is the president of the Velocity Institute. Prior to this he founded the groundbreaking site My Private Brand. He is the co-founder of The Vertex Awards. He began his retail career building brands at Food Lion and Lowe’s Home Improvement. Durham has worked with retailers around the world, including Albertsons, Family Dollar, Petco, Staples, Office Depot, Best Buy, Metro Canada. Durham has published seven definitive books on private brands, including Fifty2: The My Private Brand Project and Vanguard: Vintage Originals.
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