Diamond Foods Announces the Appointments of Two New Members to its Board of Directors

Diamond Foods, Inc.

today announced it has appointed Nigel Rees, a senior financial executive with McKesson Corporation, and Alison Davis, an accomplished corporate executive with decades of global financial and operating expertise, to its Board of Directors. Both executives will be joining the Board's Audit Committee. In addition, Michael J. Mendes and Steven M. Neil resigned from Diamond's Board of Directors effective March 7, 2012. "We are thrilled to have Nigel Rees and Alison Davis join the Diamond Foods Board of Directors," said Robert J. Zollars, Diamond Foods' Chairman. "Nigel and Alison's business knowledge, diversified experience and leadership of audit and financial functions will provide a depth of expertise invaluable to the Diamond Foods Board." Nigel Rees serves as Vice President and Controller of McKesson Corporation, a $112 billion publicly traded health care services and technology company. Prior to joining McKesson, Mr. Rees was Senior Vice President of Finance at Adecco, SA, an $18 billion global staffing and professional services company. His career experience also has included serving as Chief Financial Officer for a publicly traded software company and for a closely held regional distribution company and managing the internal audit function for a major, publicly traded computer manufacturing company. Mr. Rees is a CPA and began his career in public accounting with Deloitte and Touche LLP. He holds a Masters of Business Administration from the University of Washington and a Bachelor of Arts from Whitman College.