Oak Brook, Illinois-based TreeHouse Foods has appointed two independent directors to its board: Jill Rahman, a senior leader with deep consumer packaged goods strategy, marketing and operating experience; and Ashley Buchanan, a retail executive leader with expertise in merchandising and private brands.
“We are very pleased to welcome Jill and Ashley to the board. We look forward to the fresh perspectives and insights they will contribute, as they both bring extensive experience in the food and retail industries that will be valuable as the company continues to refine its strategy and deliver shareholder value,” said Gary D. Smith, chairman of the board. “The appointments of Ms. Rahman and Mr. Buchanan reinforce our commitment to refreshment and corporate governance as we plan for upcoming retirements in 2021.”
“My background in marketing, strategic planning and operations, along with my insights and perspective in consumer-packaged goods, are a strong fit for TreeHouse, and I look forward to collaborating with the outstanding senior management team and the board,” said Rahman.
“Private label represents a significant opportunity for both retailers and manufacturers,” said Buchanan. “Having led the merchandising and operations functions, as well as the e-commerce strategic initiatives, for Walmart and Sam’s Club for a number of years, I see tremendous promise and potential here at TreeHouse and look forward to providing relevant insights and contributions to the Board.”
In connection with these appointments, the board will temporarily expand to 12 directors. As part of the board’s plan for orderly governance transition, at the company’s 2021 annual meeting it is anticipated that nine directors will stand for re-election.
Rahman currently serves as chief operating officer for the Greater Chicago Food Depository, which includes a network of more than 700 partner organizations that work together to bring food, dignity and hope across Chicago. She also leads operations, finance, IT, human resources and strategic initiatives. Rahman has more than 30 years of experience in the consumer-packaged goods industry at companies including The Kraft Heinz Co., Newell Brands and Conagra Brands. She most recently served as the president of the international division at Conagra Brands from 2016 until her retirement in June 2020.
From 2016-2020, Rahman served on the board of directors as chairman for Agro Tech Foods, a publicly traded affiliate of Conagra Brands in India. Rahman currently serves on the board of directors for Berry Global Inc. She earned her bachelor’s degree in business administration from Howard University and her MBA from Indiana University.
Buchanan currently serves as the president and CEO of The Michaels Companies, the largest arts and crafts retailer in the U.S. Prior to joining The Michaels Companies, Buchanan served in numerous roles of increasing leadership and responsibility over his 12-year career at Walmart Inc., most recently as chief merchant for Walmart U.S. e-commerce. He also served as the chief merchant at Sam’s Club, where he led a merchandising team and oversaw activities including assortment, private brand strategy, pricing, global sourcing, packaging, replenishment and supply chain. Buchanan also has served in a broad set of senior merchandising roles at Walmart Inc.
Prior to his tenure at Walmart, Buchanan held a variety of positions in finance at Dell and spent five years at Accenture focused on the retail industry. He earned a bachelor’s degree in business administration in finance and real estate as well as an MBA from Baylor University.