Parsippany, N.J., USA - December 10, 2015, Parsippany, N.J., USA - Pinnacle Foods Inc. announced changes to its board of directors, and the election of a new independent director and related changes to the composition of two board committees.
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On December 7, 2015, the Board elected Mark Jung, current consultant to ABRY Partners and the former chief executive officer of OnLive, as an independent director of the Company and a member of the Board's Audit Committee and Nominating and Corporate Governance Committee.
Mr. Jung has a track record of leading and building companies with a strong digital and social media presence. He co-founded IGN Entertainment Inc. in 1999 and served as its chief executive officer from January 1999 to January 2006.
Mr. Jung has also served as the chief operating officer of FOX Interactive Media, a Newscorp subsidiary. Mr. Jung has extensive experience steering companies and providing strategic counsel while sitting on the Boards of many public and private companies, including the Boards of Yodlee Inc., 3PAR Inc., Keynote Systems Inc., Vitacost.com Inc., and Vudu, Inc.
He currently sits on the Board of the following privately held companies: Inmar, DataXu, InterviewStreet and WGT Media.
Mr. Jung's appointment to the Board and the Audit and Nominating and Corporate Governance Committees is effective December 8, 2015. Mr. Jung was introduced to Pinnacle Foods by Kingsley Gate Partners, the firm used to conduct the director search.
He replaces Prakash A. Melwani, senior managing director and chief investment officer of Blackstone's private equity group, who stepped down from the Board, in light of Blackstone's exit from their equity stake in Pinnacle Foods. ■
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