Inside the company’s strategy to ‘humanize’ the pet food market.

Private label unit sales dipped slightly during the year.

Company is exiting the Canadian frozen food market as part of optimization program.

Added manufacturing capacity will support growth efforts.

Business may be valued at more than $10 billion.

Joshua Kobza will start leading the company on March 1.

Capital expenditure investments in 2023 should alleviate some service-related issues.

Spinoff of North America Cereal Co. remains on schedule for later this year.

Acquisition of some J.M. Smucker pet food brands valued at $1.2 billion
 

New CEO seeking to grow reach of regional brands.