The J. M. Smucker Company Announces A Director Retirement And A New Director
Nominee Appointment For Election At The 2014 Annual Meeting Of Shareholders
ORRVILLE, Ohio, June 13, 2014
ORRVILLE, Ohio, June 13, 2014 /PRNewswire/ --The Board of Directors (the
"Board") of The J. M. Smucker Company (NYSE: SJM) (the "Company") announced
today that a new director nominee will be included in the Company's proxy
statement for election at the next Annual Meeting of Shareholders to be held
on Wednesday, August 13, 2014. The nominee, Ms. Sandra Pianalto, is the
retired President and Chief Executive Officer of the Federal Reserve Bank of
Cleveland. Prior to retiring, Ms. Pianalto also chaired the Federal Reserve's
Financial Services Policy Committee, which is a committee of senior Federal
Reserve Bank officials responsible for overall direction of financial services
and related support functions for the Federal Reserve Banks and for leadership
in the evolving U.S. payment system. The Board concluded that Ms. Pianalto
should serve as a Director primarily due to her vast experience in monetary
policy and financial services and her experience serving as a member of the
boards of several non-profit organizations.
"Ms. Pianalto brings leadership, operating and financial skills, along with a
broad economic perspective, through her former roles with the Federal Reserve
Bank of Cleveland. Ms. Pianalto's background enables her to provide valuable
insights to the Board, particularly in overseeing the Company's finances. If
elected, Ms. Pianalto will serve as a member of the Company's Audit Committee,
and her experience will be an invaluable asset to both the Audit Committee and
the Company," said Richard K. Smucker, Chief Executive Officer.
Ms. Pianalto will replace Mr. R. Douglas Cowan, former Chairman and Chief
Executive Officer of The Davey Tree Expert Company, who has served as a
director of the Company since 2003, and who will be retiring from the Board at
the end of his term.
"We are privileged to have had Mr. Cowan on the Board for the past 11 years.
Mr. Cowan has played an integral role in the growth of the Company during this
time. We thank him for his many significant contributions, his distinguished
leadership, wise counsel, and unwavering commitment to the Board and the
Company," said Tim Smucker, Chairman of the Board.
About The J. M. Smucker Company
For more than 115 years, The J. M. Smucker Company has been committed to
offering consumers quality products that bring families together to share
memorable meals and moments. Today, Smucker is a leading marketer and
manufacturer of fruit spreads, retail packaged coffee, peanut butter,
shortening and oils, ice cream toppings, sweetened condensed milk, and natural
foods products in North America. Its family of brands includes Smucker's^®,
Folgers^®, Dunkin' Donuts^®, Jif^®, Crisco^®, Pillsbury^®, Eagle Brand^®, R.W.
Knudsen Family^®, Hungry Jack^®, Café Bustelo^®, Café Pilon^®, truRoots^®,
White Lily^®, and Martha White^® in the United States, along with Robin
Hood^®, Five Roses^®, Carnation^®, and Bick's^® in Canada. The Company remains
rooted in the Basic Beliefs of Quality, People, Ethics, Growth, and
Independence established by its founder and namesake more than a century ago.
For more information about the Company, visit jmsmucker.com.
The J. M. Smucker Company is the owner of all trademarks referenced herein,
except for the following, which are used under license: Pillsbury^® is a
trademark of The Pillsbury Company, LLC; Carnation® is a trademark of Societe
des Produits Nestle S.A.; and Dunkin' Donuts® is a registered trademark of DD
IP Holder LLC.
Dunkin' Donuts® brand is licensed to The J. M. Smucker Company for packaged
coffee products sold in retail channels such as grocery stores, mass
merchandisers, club stores, and drug stores. This information does not
pertain to Dunkin' Donuts® coffee or other products for sale in Dunkin'
The J. M. Smucker Company logo
SOURCE The J. M. Smucker Company
Contact: The J. M. Smucker Company, (330) 682-3000; Investors: Aaron Broholm,
Vice President, Investor Relations; Board Governance: Jeannette Knudsen, Vice
President, General Counsel and Corporate Secretary; Media: Maribeth Burns,
Vice President, Corporate Communications
Press spacebar to pause and continue. Press esc to stop.