Slim Jim Maker Conagra Replacing CEO After 60% Stock Slide

After years of stock declines, Conagra Brands Inc. named a new chief executive officer as the food company seeks to regain momentum and win back investors.

The Chicago-based company, which makes Slim Jim jerky and Birds Eye frozen foods, said Monday that CEO Sean Connolly will step down at the end of next month and be replaced by consumer goods veteran John Brase, on June 1.