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ConAgra CEO Rodkin plans to retire in May 2015

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OMAHA, Neb. (AP) — ConAgra Foods Inc. CEO Gary Rodkin plans to retire in May 2015, at the end of the packaged food company's fiscal year.

The 62-year-old Rodkin joined Omaha, Nebraska-based ConAgra in October 2005. Before that he was chairman and CEO of PepsiCo Beverages and Foods North America.

ConAgra's board has formed a search committee to look for Rodkin's successor.

ConAgra Foods shares rose 42 cents, or 1.4 percent, to $31.38 in midday trading Monday. Its shares have fallen 8 percent so far this year.

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