The divestiture represents yet another bold move by ConAgra in a short period of time to become leaner, more efficient and more profitable in a challenging food industry. Since CEO Sean Connolly came aboard last April, the company has announced the relocation of its corporate headquarters from Omaha, Neb., to Chicago, which is happening next month; the sale of its private-label business to Oak Brook-based TreeHouse Foods; and the spinning off of its Lamb Weston frozen potato business.