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3/18/2022 READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Consumer Brands Association | U.S. Departmen… U.S. DEPARTMENT OF THE TREASURY READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Consumer Brands Association March 17, 2022 WASHINGTON — U.S. Secretary of the Treasury Janet L. Yellen met virtually today with the Consumer Brands Association, which represents some of the largest multinational package goods companies in the nation, to discuss the state of the American economy, including the Administrationʼs e orts to address supply chain challenges, and the impact of Russiaʼs unprovoked invasion of Ukraine on global markets. Secretary Yellen noted that some of the attendees have suspended operations and investment in Russia in response to its violation of Ukrainian sovereignty. Secretary Yellen and the attendees discussed the state of the U.S. economic recovery and she solicited feedback and observations from attendees. The Secretary highlighted that the last 12 months of job creation have been the strongest in our nationʼs history, including the addition of 678,000 jobs in February, and that GDP now exceeds pre-pandemic levels. The Secretary also underscored that challenges and risks remain. She reviewed the work being done by the Administration to mitigate supply chain constraints and commended the attendees for their work to reduce these pandemic-induced backlogs. Secretary Yellen highlighted how the American economy is better prepared to deal with spillover e ects from Russiaʼs invasion of Ukraine than many counterparts due to a robust economic recovery, a reduction in COVID-19 cases and a strong labor market. Attendees included: Je Harmening, Chairman and Chief Executive O icer, General Mills, Inc. Andy Callahan, President and Chief Executive O icer, Hostess Brands, LLC Marco Capurso, Chief Executive O icer, Ferrara Mark A. Clouse, President and Chief Executive O icer, Campbell Soup Co. Billy Cyr, Chief Executive O icer, Freshpet, Inc. Wendy Davidson, President, Americas, Glanbia Performance Nutrition Matt Farrell, Chairman, President and Chief Executive O icer, Church & Dwight Co., Inc. https://home.treasury.gov/news/press-releases/jy0665 1/2 3/18/2022 READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with the Consumer Brands Association | U.S. Departmen… Richard Ferranti, Chief Executive O icer, Rich Products Laura Flanagan, Chief Executive O icer, Ripple Foods Geo Freeman, Chief Executive O icer, Consumer Brands Association Louie Gentine, Chief Executive O icer, Sargento Foods Inc. Fernando Gonzalez, President, Consumer Business, Georgia-Pacific LLC Louis Gottsponer Jr., President and Chief Executive O icer, Morgan Foods, Inc. Henk Hartong III, Chairman, Harvest Hill Beverage Company Gavin Hattersley, Chief Executive O icer, Molson Coors Beverage Company Tom Hayes, President and Chief Executive O icer, Ocean Spray Cranberries, Inc. Chris Hood, President, Kellogg North America, Kellogg Company Mark Jansen, President and Chief Executive O icer, Blue Diamond Growers Casey Keller, President and Chief Executive O icer B&G Foods, Inc. Mauricio Leyva, President, Co ee, Keurig Dr Pepper Greg Longstreet, President and Chief Executive O icer, Del Monte Foods, Inc. Fred Penny, President, Bimbo Bakeries USA Linda Rendle, Chief Executive O icer, The Clorox Company Gregg Roden, Senior Vice President, PepsiCo North America Supply Chain, PepsiCo, Inc. Mark Schiller, President and Chief Executive O icer, The Hain Celestial Group, Inc. Shane Smith, Chief Executive O icer, Smithfield Foods Mark Smucker, President and Chief Executive O icer, The J.M. Smucker Company Jim Snee, Chairman of the Board, President and Chief Executive O icer, Hormel Foods Corporation Monica Turner, President, North America, The Procter & Gamble Company Tricia Wallwork, Chair and Chief Executive O icer, Miloʼs Tea Company Al Williams, President and Chief Executive O icer, Bush Brothers & Company ### https://home.treasury.gov/news/press-releases/jy0665 2/2
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