Freshpet, Inc. announced several actions as part of its operational improvement plan launched in August of 2022. Walter George, current Chair of the Nominating, Governance and Sustainability Committee of the Board, will be appointed the new independent Chair of the Board effective immediately following the Company's 2023 Annual Meeting of Shareholders. Accordingly, in alignment with the Company's director retirement policy, Charles Norris, Chair of the Board, will not stand for reelection at the 2023 Annual Meeting.

Former Conagra Chief Supply Chain Officer David B. Biegger has also been appointed to the Board of Directors (“the Board”). Biegger will serve on the Board's Audit Committee. Freshpet's operational improvement plan was developed by the Company's Board and management team and contains a roadmap to add manufacturing and supply chain expertise and a strategy to improve quality, efficiency and profitability.

The plan builds upon the Company's actions to strengthen its organizational structure and management, including the appointment of Todd Cunfer as CFO, Jay Dahlgren as EVP of Manufacturing, Technology, and Supply Chain, and Dirk Martin as VP of Customer Service & Logistics. These seasoned executives have helped drive continued improvements across logistics, commodities, quality, and other operational areas, further improving fill rate, logistics cost efficiencies, and lower disposal levels. Walt George has over 30 years of manufacturing and supply chain leadership experience, including senior positions in the pet food industry and significant expertise in scaling multiple high-growth consumer product companies.

Mr. George's extensive experience in pet came from his leadership at Hill's Pet Nutrition, where he held several senior positions, including Vice President of Supply Chain from 1988 - 2001. During this time, Hill's (a subsidiary of Colgate) went from a small company to a large multinational organization. Mr. George also served as Corporate Executive Vice President of Ralcorp Holdings from 2010 until its sale to ConAgra Foods in 2013.

Mr. George was the President American Italian Pasta Company from 2010 to 2013. Before that, Mr. George served in other executive roles with American Italian Pasta Company, including Executive Vice President of Supply Chain and Operations. Mr. George also serves on the board of OWS foods, as non-Executive Chair of Indigo Wild, and as a board member and Treasurer of the Morris Animal Foundation, where he helps advance the health and lives of pets.

Walt has been on the board of Freshpet since 2014 and is the current Chair of Nominating, Governance and Sustainability Committee. David B. Biegger is an accomplished supply chain leader with over 40 years of experience in the consumer package goods industry. Mr. Biegger is an Operating Partner of Shore Capital Partners, a Chicago-based private equity firm specializing in investments across food & beverage, healthcare, and business services sectors.

He served as Executive Vice President and Chief Supply Chain Officer of Conagra Brands, a leading food and beverage services company, from 2015 until his retirement in May 2021. Prior to joining Conagra Brands, he worked at Campbell Soup Company as head of the Global Supply Chain, providing leadership across the company's complex Supply Chain and Operations functions between 2005 and 2015. David began his career and spent over 24 years at Procter & Gamble in manufacturing and operations, where he established his extensive operations and supply chain experience.

Mr. Biegger is a member of the Old World Spice & Seasonings Board. He served five years as a member of the Ardent Mills Board, as Chair from 2018 to 2019, and also as a member of the Human Resources & Compensation Committee.