Pinnacle Foods Elects New Board Member and Makes Changes to Board Committees

Pinnacle Foods Inc. has made changes to its board of directors, including the election of a new independent director and subsequent modifications to the board committee composition. The changes are consistent with NYSE governance requirements for non-controlled companies that now apply to Pinnacle, following Blackstone's ownership exit. The Board elected Ioannis (Yannis) Skoufalos, global product supply officer of The Procter & Gamble Company (P&G), as an independent director of the company and a member of the Board's Compensation Committee and Nominating and Corporate Governance Committee. Skoufalos has been global product supply officer at P&G since 2011. Since joining P&G in 1984, Skoufalos has held roles of increasing responsibility in engineering, manufacturing and product supply in various global geographies. He was introduced to Pinnacle Foods by Kingsley Gate Partners, the firm used to conduct the director search. He replaces Jason Giordano, managing director in the private equity group at Blackstone, who will step down from the Board in light of Blackstone's ownership exit. "The changes are another step in our on-going evolution since Pinnacle's IPO in March 2013. Yannis brings a depth of experience in supply chain and understanding of the consumer goods industry which will provide valuable perspective for our Board," says Pinnacle Foods chairman Roger Deromedi. "As we welcome Yannis, on behalf of the Board and the Company, I want to thank Jason for his contributions and service to Pinnacle. Jason has been actively engaged on the Board since Blackstone originally acquired the business in 2007 and his knowledge and passion had a meaningful, positive impact on the Board and the company." All committees now consist of independent directors. The following are modifications to the company's board committees: Audit Committee Raymond Silcock (Chair) Jane Nielsen Micky Pant Compensation Committee Jane Nielsen (Chair) Ann Fandozzi Raymond Silcock Yannis Skoufalos Nominating and Corporate Governance Committee Ann Fandozzi (Chair) Micky Pant Yannis Skoufalos