The changes improve accountability and reduce complexity in our management structure. Aligning our managers directly with our key priorities will result in better execution and effectiveness.

As we sell these assets, we will scale back our related corporate and shared services infrastructure to ensure that it is the right size for our businesses going forward. We expect a number of people directly involved in these operations to be employed by the new owners or offered other jobs within ConAgra Foods.

ConAgra Foods has a number of great brands and businesses to drive future growth. We will build on those strengths by coupling disciplined investments in well-positioned brands with a more streamlined operating structure.

Management is about coping with complexity.

As Devon has grown in size and complexity, so have the responsibilities of our management team. These promotions reflect both changes in the company's organizational structure and the valuable contributions of these individuals to the company's continuing success.

Smaller companies have lower costs and less complexity, and traditional identity-management systems have been too expensive. But 'less' doesn't mean no complexity; at some point, they all need this solution, especially Microsoft users, and the market for companies with between 500 and 2,500 employees is not being served.