Pinnacle Foods Announces Appointment of Corporate Development Executive

PARSIPPANY, N.J., Oct. 27, 2016 -- Pinnacle Foods Inc. (NYSE:PF) today announced the appointment of Michael S. Levitt to the newly created role of Senior Vice President Corporate Development, effective October 31.  Levitt will report to Craig Steeneck, Executive Vice President and Chief Financial Officer, and will partner with Steeneck and Pinnacle CEO Mark Clouse in developing and assessing M&A opportunities that support the Company’s strategic plan.

Levitt, 47, co-founded LG Capital Management, LP, a private investment fund that invested in publicly traded securities, and served as its Portfolio Manager since the fund’s 2011 inception.  Prior to LG Capital Management, he worked as a Research Analyst at Chesapeake Partners and as Director in the M&A and Corporate Advisory Group at Deutsche Bank Securities, Inc.  Earlier in his career, Levitt was a practicing attorney specializing in M&A work at Paul, Weiss, Rifkind, Wharton & Garrison.

Levitt holds a Juris Doctor with Honors from George Washington University and a Bachelor of Arts in Economics from the University of Pennsylvania. 

Commenting on the appointment, Steeneck stated, “We are excited to welcome Michael to Pinnacle in this important leadership role.  His well-rounded experiences in law, banking and investment management and research will be an asset to Pinnacle and position him as a strong partner to the executive team in implementing the Company’s strategic business development plan.”

About Pinnacle Foods Inc.
In more than 85% of American households, consumers reach for Pinnacle Foods brands. Pinnacle Foods is ranked on Fortune Magazine's 2015 Top 1000 companies list. We are a leading producer, marketer and distributor of high-quality branded food products, which have been trusted household names for decades. Headquartered in Parsippany, NJ, our business employs an average of 5400 employees. Our Duncan Hines Grocery segment manages brands such as Duncan Hines® baking mixes and frostings, Vlasic® and Vlasic Farmer's Garden® shelf-stable pickles, Wish-Bone® and Western® salad dressings, Mrs. Butterworth's® and Log Cabin® table syrups, Armour® canned meats, Brooks® and Nalley® chili and chili ingredients, Duncan Hines® Comstock® and Wilderness® pie and pastry fruit fillings and Open Pit® barbecue sauces. Our Birds Eye Frozen segment manages brands such as Birds Eye®, gardein™, Birds Eye Steamfresh®, C&W®, McKenzie's®, and Freshlike® frozen vegetables, Birds Eye Voila!® complete bagged frozen meals, Van de Kamp's® and Mrs. Paul's® frozen prepared seafood, Hungry-Man® frozen dinners and entrees, Aunt Jemima® frozen breakfasts, Lender's® frozen and refrigerated bagels, and Celeste® frozen pizza. Our Specialty Foods segment manages Tim's Cascade Snacks®, Hawaiian® kettle style potato chips, Erin's® popcorn, Snyder of Berlin® and Husman's® snacks in addition to our food service and private label businesses. The acquisition of Boulder Brands adds well-known brands such as Glutino®, Udi's Gluten Free®, Earth Balance®, EVOL® foods, and Smart Balance® to the Pinnacle Foods portfolio.  Further information is available at www.pinnaclefoods.com.

Pinnacle Foods Contact
Media Line:  973-541-8620
Email:  [email protected]