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Larry Peiros Appointed To Annie’s Board Of Directors

Stocks in this article: BNNY

Annie's, Inc. (NYSE: BNNY), a leading natural and organic food company, today announced Lawrence (Larry) Peiros has been appointed to its Board of Directors effective immediately. David Behnke, a Managing Director at Najeti Ventures, resigned from the Board to pursue other interests. Mr. Peiros was appointed to the Board to fill the vacancy. The Company also announced that the Board of Directors will recommend that stockholders vote to declassify the Board at the next annual meeting.

“We are pleased to have Larry join the Board of Directors,” John Foraker, CEO of Annie’s, said. “His broad consumer product experience and business judgment will be valuable to the Annie’s board as we grow our business. I also want to thank David Behnke for his support and service as an investor and board member.”

Mr. Peiros has more than 30 years of operating and marketing experience in the consumer packaged goods industry with Clorox Company, which he joined in 1981. He currently is a member of Clorox’s Executive Committee and serves as its Chief Operating Officer. Mr. Peiros has previously announced that he will retire from Clorox effective April 1, 2013. As the COO, Mr. Peiros oversees Clorox’s global business, including the Burt’s Bees and Green Works brands, and leads the company’s marketing, sales, product supply and research and development functions, as well as its environmental efforts. Previously, he was the company's Chief Operating Officer of Clorox North America, responsible for U.S. and Canadian businesses accounting for more than 80% of the company’s sales. Mr. Peiros serves as a Director of Potlatch Corporation, a timberland real estate investment trust, and Ross Stores, operator of the largest off-price apparel and home fashion chain in the United States. He holds a bachelor's degree from Dartmouth College and a master's degree in business administration from Stanford University.

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