“As one of The J.M. Smucker Co.’s largest investors, we believe the new additions to the board and decisive shift toward disciplined capital allocation, operational improvement and purposeful leadership updates represent critical steps toward ensuring The J.M. Smucker Co. reaches its full potential,” said Marc Steinberg, partner at Elliott. “Dave and Bruce bring to the board proven leadership in consumer brand-building and financial stewardship that will further strengthen the company as it executes on this path.”

Chung’s experience crosses markets and brings significant financial expertise and leadership acumen to the board. He currently serves as EVP and CFO of NRG Energy, Inc., where he guides financial strategy, risk management and corporate development.

Singer has executive, operational and board experience at top food and beverage companies, most recently serving as CEO of Snyder’s-Lance, Inc. Before that, he was EVP and CFO of Coca-Cola Consolidated, Inc.

“Over the past several years, we have fundamentally transformed the company and built a portfolio of leading and iconic brands in attractive categories that resonate with consumers,” Smucker said. “Today, we have a strong foundation in place and a clear focus on driving continued organic growth, while enhancing profitability and earnings.”