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

Diamond Foods, Inc.(Nasdaq: DMND) today announced it has appointed Nigel Rees, a seniorfinancial executive with McKesson Corporation, and Alison Davis, anaccomplished corporate executive with decades of global financial andoperating expertise, to its Board of Directors. Both executives will bejoining the Board's Audit Committee. In addition, Michael J. Mendes andSteven 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 FoodsBoard of Directors," said Robert J. Zollars, Diamond Foods' Chairman. "Nigeland Alison's business knowledge, diversified experience and leadership ofaudit and financial functions will provide a depth of expertise invaluableto 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 atAdecco, SA, an $18 billion global staffing and professional servicescompany. His career experience also has included serving as Chief FinancialOfficer for a publicly traded software company and for a closely heldregional distribution company and managing the internal audit function for amajor, publicly traded computer manufacturing company. Mr. Rees is a CPA andbegan his career in public accounting with Deloitte and Touche LLP. He holdsa Masters of Business Administration from the University of Washington and aBachelor of Arts from Whitman College.