Mr. Curtis Frank reports

MAPLE LEAF FOODS ANNOUNCES REFRESHED STRATEGIC BLUEPRINT, APPOINTS ADAM GROGAN AND CASEY RICHARDS TO NEW EXECUTIVE ROLES

Maple Leaf Foods Inc. has updated the company's strategic focus and a realigned its organizational structure, making several executive changes.

"For the past five years, our vision to be the most sustainable protein company on earth has been our north star and raising the good in food is what gives us purpose every day," said Maple Leaf Foods chief executive officer Curtis Frank. "As our business shifts from an intensive phase of investing in building and commissioning new plants to realizing the benefits of our world-class network, the time is appropriate to refine the strategies that underpin our purpose and vision through an evolved strategic blueprint."

The company unveiled its new, evolved blueprint, which acts as a strategic compass for the organization.

The blueprint outlines the company's five core strategies in its pursuit of delivering shared value for its stakeholders:

• Lead the way -- By making better food, taking better care and nurturing a better planet;

• Build loved brands -- By growing consumer relevance, delivering impactful innovation and leveraging unique capabilities;

• Broaden impact -- By extending the company's geographic reach, developing new channels and categories and diversifying the company's protein portfolio;

• Operate with excellence -- By harnessing advanced technologies, applying data science and analytics, and driving cost-efficiency;

• Develop extraordinary talent -- By embedding the company's values-based culture, investing in future-ready leaders and inspiring enduring engagement.

In order to execute the strategies outlined in the blueprint, the company will bring its meat and plant protein businesses together under a single umbrella through a refreshed organizational structure that supports its core strategies, optimizes its growth potential in key markets and provides clear accountabilities.

"The evolution of our blueprint serves to bring clarity and focus to the entire company around how we will deliver on the core strategies that will propel Maple Leaf Foods forward," said Mr. Frank. "As an integrated protein company, we have tremendous opportunities ahead of us. Together we are a powerhouse, and we will leverage our combined strength to build our brands in Canadian, U.S. and international markets."

Executive changes

Adam Grogan has been promoted to the role of chief operating officer, effective immediately. Mr. Grogan has overall responsibility for leading prepared foods, including prepared meats, poultry and plant protein, and the supply chain network across Canada and the United States. Mr. Grogan has been with Maple Leaf Foods for more than 25 years in diverse roles and brings a wide spectrum of experience in both operational and commercial leadership roles.

Casey Richards assumes the newly created role of president, Maple Leaf Foods USA. Mr. Richards is responsible for leading the company's growth in this critical, high potential market, including retail and food service. Mr. Richards has more than 20 years of global marketing and general management experience, including the last six years with Maple Leaf Foods. He brings a tremendous depth and breadth of North American food industry experience having worked for some of North America's largest food companies.

These appointments are effective immediately.

About Maple Leaf Foods Inc.

Maple Leaf Foods is a carbon neutral company with a vision to be the most sustainable protein company on earth, responsibly producing food products under leading brands including Maple Leaf, Maple Leaf Prime, Maple Leaf Natural Selections, Schneiders, Schneiders Country Naturals, Mina, Greenfield Natural Meat Co., Lightlife and Field Roast. The company employs approximately 13,500 people and does business primarily in Canada, the United States and Asia. The company is headquartered in Mississauga, Ont., and its shares trade on the Toronto Stock Exchange (MFI).

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