Board and executive changes

O n October 31, 2026 , the Board of Directors (the “Board”) of The Kraft Heinz Company (the “Company”) appointed Kelly M. Dilts and J. Michael Schlotman as members of the Board, effective as November 4, 2026. Ms. Dilts and Mr. Schlotman were not selected pursuant to any arrangement or understanding between her or him and any other person. There are no transactions between Ms. Dilts and Mr. Schlotman and the Company that would be reportable under Item 404(a) of Regulation S-K. Ms. Dilts and Mr. Schlotman will be compensated according to the Company’s compensation program for non-employee directors as described in the Company’s proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on April 3, 2026.

On October 30, 2026, the Board of Directors (the “Board”) of Sysco appointed Mr. Brandon E. Sewell, Interim Chief Financial Officer of the Company, as Executive Vice President, Chief Financial Officer, effective November 1, 2026. Mr. Sewell has served as the Company’s Interim Chief Financial Officer since March 6, 2026, as previously disclosed in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 5, 2026 (the “Prior Form 8-K”). The information required by Items 401(b), (d), and (e) of Regulation S-K regarding Mr. Sewell was previously reported under “Part I, Item 1. Information about our Executive Officers” in the Company’s Annual Report, and such information is incorporated herein by reference. Mr.

Appointment of Directors Pursuant to the Merger Agreement, at the First Effective Time, Richard E. Allison, Jr., Larry J. Merlo, and Kirk L. Perry (collectively, the “Kenvue Designees”), each of whom was a member of the board of directors of Kenvue prior to the First Effective Time, were appointed to the board of directors of K-C (the “Board”). K-C has agreed to take all necessary actions to nominate the Kenvue Designees for election to the Board at the annual meeting of stockholders of K-C to be held in 2027. Also at the First Effective Time, Mr. Allison was appointed to the Audit Committee of the Board, and Mr. Merlo was appointed to the Management Development and Compensation Committee and the Nominating and Corporate Governance Committee of the Board. Mr. Perry was not appointed to any committees of the Board.

On October 28, 2026, the Board of Directors (the “Board”) of The Clorox Company (the “Company”), appointed Fabian Garcia to serve as the Chief Executive Officer (“CEO”) of the Company and a member of the Board, effective as of January 5, 2027 (the “Effective Date”). Linda Rendle will step down from her role as CEO of the Company and Chair and a member of the Board as of the Effective Date and will serve as a senior advisor to the Company through April 2, 2027, to assist with transition matters. As of the Effective Date, Matthew J. Shattock, currently Lead Independent Director of the Board, will serve as Independent Chair of the Board. In connection with this role, Mr. Shattock will receive an Independent Chair retainer of $225,000 in addition to the annual director retainer and annual grant of deferred stock units, each paid in line with our non-employee director compensation practices.

On October 27, 2026, the Board of Directors (the “Board”) of Church & Dwight Co., Inc. (the “Company”) elected Jonathon J. Nudi to serve as an independent director of the Company, effective January 1, 2027. Effective upon Mr. Nudi’s election, the size of the Board will increase to 12 members. The Board has also appointed Mr. Nudi to serve on the Audit Committee and the Compensation & Human Capital Committee of the Board when he joins as a director early next year. Mr. Nudi is the President and Chief Executive Officer (“CEO”) of Masco Corporation (“Masco”), a global manufacturer and distributor of branded home improvement and building products, a role he has held since July 2025, and has served as a member of Masco’s board of directors since June 2023. Prior to joining Masco as its CEO, Mr.

Hormel Foods Corporation (the “Company”) previously announced that, effective October 26, 2026, John F. Ghingo would commence service as the Company’s President and Chief Executive Officer (and would continue serving as a member of the Board of Directors of the Company). The Company also previously disclosed that, since June 2025, Mr. Ghingo had been a party to an Employment Agreement with the Company (the “Ghingo Employment Agreement”) related specifically to his service as the Company’s President. By its terms, the Ghingo Employment Agreement was scheduled to expire on December 31, 2026. On October 23, 2026, Mr. Ghingo and the Company entered into a letter agreement (the “Letter Agreement”) pursuant to which the Ghingo Employment Agreement terminated as of October 26, 2026, in connection with Mr. Ghingo’s assumption of the additional role of Chief Executive Officer. Accordingly, Mr.

On October 21, 2026, Sally J. Smith notified Hormel Foods Corporation (the “Company”) of her decision to retire as a member of the Company’s Board of Directors, effective upon the expiration of her current term at the Company’s 2027 Annual Meeting of Stockholders (the “2027 Annual Meeting”). As a result, Ms. Smith will not stand for re-election at the 2027 Annual Meeting. Ms. Smith’s decision to retire and not stand for re-election was not because of any disagreement with the Company.

On October 13, 2026, the Compensation Committee of the Board of Directors approved the fiscal 2027 criteria for bonuses to executive officers, with the Nominating and Governance Committee of the Board also approving the environmental and social performance criteria. Executive officers other than the Chief Executive Officer are eligible to receive base bonuses of $400,000. The base amounts include $160,000 based on targets relating to sales and $160,000 based on targets relating to pre-tax income. The potential payment attributable to each goal may be from zero to up to 120% of the target amount, based on the level of achievement. In addition, up to $80,000 can be earned relating to environmental and social objectives based on quantitative performance metrics (including those concerning human capital and environmental-related areas).

Appointment and Resignation of Directors Appointment and Resignation of Directors On September 24, 2026, when the Company’s Registration Statement on Form 10, initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2026 (as amended on August 14, 2026, September 15, 2026 and September 21, 2026, the “Registration Statement”), was declared effective by the SEC, the Board of Directors of the Company (the “Board”) was comprised of David P. Johnson and Jennifer A. Johnson. In connection with the Separation, Mr. Johnson and Ms. Johnson resigned from their respective positions as members of the Board effective as of the Effective Time. Effective as of the Effective Time, the Board increased its size from two members to seven members. Each of Mr. Johnson’s and Ms.

On October 2, 2026, Angel S. Willis, Executive Vice President, Global General Counsel and Corporate Affairs Officer, notified The Kraft Heinz Company (the “Company”) that she has decided to resign from her position with the Company, effective October 20, 2026, to pursue other opportunities. 1

On October 5, 2026, Bunge Global SA (the "Company") announced that Joseph Podwika will step down from his role as the Company’s Chief Legal Officer, effective November 9, 2026, upon the appointment of his successor, Mr. Ignacio Walker. Mr. Podwika will transition to a new role with the Company as Senior Advisor to the Chief Executive Officer until his retirement on November 5, 2027. In connection with his new position, effective January 1, 2027, Mr. Podwika’s annual base salary rate will be reduced to $240,000 and he will no longer be eligible for an annual bonus under the Company’s annual incentive plan ("AIP") for the 2027 performance year or to receive annual equity awards in 2027. Any outstanding awards will continue to be governed by the long-term incentive plan document and the terms and conditions of the award agreements. Mr.

On September 29, 2026, Russell Torres, the Corporation’s President and Chief Operating Officer, notified the Corporation that he will depart the Corporation effective November 2, 2026 to pursue other opportunities.

On September 29, 2026, the Board of Directors (the “Board”) of General Mills, Inc. (the “Company”) elected Dana M. McNabb Chief Executive Officer of the Company effective January 1, 2027. Ms. McNabb succeeds Jeffrey L. Harmening who is retiring as Chief Executive Officer and will remain Executive Chair of the Board. A copy of the press release issued by the Company is furnished with this report as Exhibit 99. Ms. McNabb, age 50, has served as Chief Operating Officer since June 2026. Ms. McNabb joined General Mills in 1999 and held a variety of marketing roles in Cereal, Snacks, Meals, and New Products before becoming Vice President, Marketing for CPW in 2011 and Vice President, Marketing for the Circle of Champions Business Unit in 2015. She became President, U.S.

On September 21, 2026, Rob Gehring, currently the Chief Executive Officer, Americas (“CEO Americas”) of Monster Energy Company (“MEC”), provided notice to the Board of Directors (the “Board”) and management of Monster Beverage Corporation (the “Company”) of his intention to resign as CEO Americas, effective as of November 30, 2026 (the “Effective Date”), to return to The Coca-Cola Company (“TCCC”). Mr. Gehring will join TCCC as president of its North America operating unit. Mr. Gehring will remain in his role at the Company through the Effective Date. The Company and the Board thank Mr. Gehring for his contributions during his time with the Company and look forward to partnering with him in his new role at TCCC. Effective December 1, 2026, Emelie C. Tirre, Chief Strategy Officer of MEC, will assume responsibility for the Americas and the Caribbean on an interim basis.

On September 17, 2026, the Board of Directors (the “Board”) of PepsiCo, Inc. (“PepsiCo”) elected Joaquin Duato as an independent member of the Board, effective December 1, 2026. Mr. Duato will serve on the Audit Committee of the Board, effective December 1, 2026. Mr. Duato, 64, has served as Chairman of the Board and Chief Executive Officer of Johnson & Johnson since 2023 and 2022, respectively, and as a director since 2022. Prior to that, he served as Vice Chairman of the Executive Committee from 2018 to 2021 and Worldwide Chairman, Pharmaceuticals from 2011 to 2018. Before these positions, he held executive positions of increasing responsibility across business sectors and multiple geographies and functions following his joining Johnson & Johnson in 1989. Upon joining the Board on December 1, 2026, Mr.

On September 3, 2026, the Board of Directors (the “Board”) of Monster Beverage Corporation (the “Company”) elected Matthew S. Burroughs as Chief Accounting Officer and Deputy Chief Financial Officer of the Company. Mr. Burroughs, age 57, joined the Company in October 2006. Over his almost 20-year career with the Company, Mr. Burroughs has held various corporate finance positions, each with increasing levels of responsibility, including Deputy CFO, Senior Vice President of Corporate Finance, Senior Vice President Corporate Controller, Vice President Senior Corporate Controller, Vice President Corporate Controller, Corporate Controller and Financial Controller. These roles included participation in and/or responsibility for Global Accounting, SEC Reporting, Global Tax, Treasury, and Investor Relations, among others. Mr.

On September 1, 2026, the Compensation and Leadership Development Committee (the “ Committee ”) of the Board of Directors (the “ Board ”) of Sysco approved for Mr. Kevin P. Hourican, Chair of the Board and Chief Executive Officer and Mr. Brandon E. Sewell, Interim Chief Financial Officer, one-time awards of performance share units (“ PSUs ”) valued at $2 million for Mr. Hourican and $1 million for Mr. Sewell. The PSUs are intended by the Committee to ensure a continuity of leadership and facilitate a smooth transition through the integration of the assets acquired in the JRD Acquisition. The PSUs are contingent on the closing of the JRD Acquisition, which is currently anticipated to close by the third quarter of 2027, and will be cancelled and forfeited if the closing does not occur. The PSUs provide the opportunity for Messrs.

On September 1, 2026, Bunge Global SA (the "Company") announced that Matt Simmons notified the Company of his intention to retire as the Company’s Controller and Chief Accounting Officer (“CAO”) effective March 31, 2027. Mr. Simmons is expected to remain with the Company through the transition period to facilitate an orderly transition of responsibilities. Mr. Simmons’ retirement is not the result of any disagreement with the Company on any matter relating to the Company's accounting, financial reporting, operations, policies or practices. Richard James will succeed Mr. Simmons as the Company's Controller and CAO effective as of April 1, 2027. Mr.

On September 2, 2026, The Hershey Company (the “Company”) announced the appointment of Dave Hulays as the Company’s Senior Vice President, Chief Financial Officer. In this role, Mr. Hulays will oversee the Company’s global finance organization and serve as the Company’s principal financial officer. Mr. Hulays, age 54, has served as the Company’s Senior Vice President, Finance since May 2025. In that role, he led finance across the Company’s business units and functions, including U.S. CMG, Salty Snacks, International, FP&A, Tax and Treasury. Prior to that, Mr.

On August 31, 2026, The Kroger Co. (“Kroger” or the “Company”) appointed Mark Ibbotson, 63, as Executive Vice President and Chief Store Operations Officer, effective as of September 14, 2026. Since 2020, Mr. Ibbotson has been a strategic advisor to retail and technology companies and has served as a Senior Advisor for McKinsey & Company for the last four years. Prior thereto, he previously served in various roles at Wal-Mart U.S. and its former UK subsidiary Asda since 2004, including as Executive Vice President of Central Operations and Realty, and Senior Vice President of Innovation. In his role as Executive Vice President and Chief Store Operations Officer of Kroger, Mr.

On August 25, 2026, Rhonda M. Taylor, Executive Vice President and General Counsel, advised Dollar General Corporation (the “Company”) of her intention to retire from the Company. Ms. Taylor is expected to transition from her role as Executive Vice President and General Counsel to a senior advisory role effective December 7, 2026, and to remain in such senior advisory role through at least April 2, 2027. A copy of the Company’s news release is attached hereto as Exhibit 99.

On August 27, 2026, the Board of Directors (the “Board”) of Altria Group, Inc. (“Altria”) increased the size of the Board from 10 to 11 directors and elected Steven W. Presley to the Board, in each case, effective August 27, 2026. The Board also elected Mr. Presley to the Board’s Compensation and Talent Development, Innovation and Finance Committees, effective August 27, 2026. The Board affirmatively determined that Mr. Presley qualifies as an independent director under the New York Stock Exchange listing standards and Altria’s standards for director independence. Mr.

On August 25, 2026, Anne Bramnan, a member of the Board of Directors (the “Board”) of McCormick & Company, Incorporated (the “Company”) and the Chair of the Audit Committee of the Board, informed the Board that she intends to resign from the Board. Ms. Bramman’s decision to resign from the Company’s Board is due to her recent appointment as Executive Vice President and Chief Financial Officer of Best Buy Co., Inc. (NYSE:BBY) and the time commitments which such position will require. To support an orderly transition, Ms. Bramman will step down as Chair of the Audit Committee effective September 1, 2026, but will remain a member of the Board and Audit Committee until she resigns from the Board effective November 30, 2026. Valarie Sheppard, current member of the Board and Audit Committee will assume the role of Chair of the Audit Committee effective September 1, 2026. Ms.

On August 24, 2026, Hormel Foods Corporation (the “Company”) announced the appointment of Ash Bhumbla as Executive Vice President and Chief Financial Officer, effective September 8, 2026. In connection with Mr. Bhumbla’s assumption of the role of Chief Financial Officer on September 8, 2026, Paul R. Kuehneman’s service as Interim Chief Financial Officer will conclude. Mr. Kuehneman will continue to serve as the Company’s Vice President and Controller and Principal Accounting Officer. Prior to joining the Company, Mr. Bhumbla, age 39, served Tyson Foods, Inc., a food company, as Senior Vice President and Chief Financial Officer, Chicken segment, from September 2023 to August 2026 and he concurrently served as Chief Financial Officer, International segment, from March 2025 to December 2025. Mr.

(d) On August 14, 2026, the Board of Directors (the “Board”) of Sysco Corporation (“Sysco” or the “Company”) increased the size of the Board from eleven to thirteen directors and elected Mr. Jason Murray and Mr. Thomas Ondrof to fill the resulting vacancies, effective on September 1, 2026. The Board has also approved the following committee appointments effective September 1, 2026: • Mr. Murray – Technology Committee • Mr. Ondrof – Audit Committee Each of Messrs. Murray and Ondrof will receive customary compensation from the Company for serving as a non-employee director, in accordance with the Company’s director compensation program as described in the Company’s proxy statement for its 2025 annual meeting of stockholders, filed with the Securities and Exchange Commission on October 2, 2025. There are no transactions between any of Messrs.

On August 10, 2026, the Board of Directors (the "Board") of Keurig Dr Pepper Inc. (the "Company") appointed Aaron Alt as an independent member of the Board and increased the size of the Board to ten directors, with all such changes to be effective as of August 14, 2026. Mr. Alt will serve until his successor is elected and qualified or until his earlier death, resignation or removal. Further, the Board appointed Mr. Alt to the Audit and Finance Committee, also effective August 14, 2026. There are no arrangements or understandings between Mr. Alt and any other persons pursuant to which he was appointed as a director and Mr. Alt is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933. Mr.

On August 6, 2026, the Board of Directors (the “Board”) of Archer-Daniels-Midland Company (the “Company”), upon the recommendation of its Nominating and Corporate Governance Committee, accepted the resignation of Lei Z. Schlitz from her position as a director of the Company, and asked her to remain on the Board through the end of the year. As such, Ms. Schlitz’s resignation will be effective on December 31, 2026. Ms. Schlitz had tendered her offer to resign from the Board in accordance with the Company’s Corporate Governance Guidelines as a result of a voluntary material change in her principal employment. Ms. Schlitz’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. The Board greatly appreciates Ms. Schlitz’s contributions to the Company and her dedicated service to the Board.