In 2002, ConAgra Foods CEO Bruce Rohde was deliberating the next steps in the process of transforming the company from an agribusiness giant to a value-added food processor. ConAgra had become the second largest food company and number one food service supplier in the United States following decades of growth through acquisitions, primarily in grain milling and meat processing businesses. During the 1990s, ConAgra made significant inroads into processed foods, with 86% of FY2002 operating profits coming from its value-added businesses. Despite its expanding portfolio of branded products, ConAgra's image as a commodity-oriented agribusiness company persisted. Given the rapidly changing food industry and the divestiture of ConAgra's fresh meat business, Rohde must establish a new identity and direction for the company.