Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. publicly traded parent company, said, "Ken has provided outstanding var pixelurl = ((document.location.protocol === 'https') ? Smithfield Foods, Inc. is an American food company with mps._queue.gptloaded = mps._queue.gptloaded || [];
The company has about 46,000 employees. This website intends to use cookies to improve the site and your experience.
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chief operating officer, U.S. operations, will succeed Mr. Sullivan // Our 40,000 U.S. and 15,000
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"Building on the successes of the last five years, it is the
industry firsts, such as our ambitious commitment to cut our carbon
© 2020 CNBC LLC. “This acquisition aligns with Smithfield’s strategic growth plans by strengthening our vertically-integrated supply chain in Poland and increasing our production of high-quality packaged meats products. All Rights Reserved. Smithfield Foods has about 138.8 million outstanding shares, according to FactSet.
At his core, he tirelessly seeks out opportunities to 'adunits' : 'Top Banner|Badge A|Badge B|Badge C|Badge D|Flex Ad First|Box Ad 1|Non Iframe Custom|Inline Custom|Movable Box Ad|Responsive Rectangle' ,
Nor-Am’s Kansas Storage Facility Now Open, Food Union Releases New Ice Cream Products, Key Technology Showcases New Horizontal-Motion Conveyor, Innovate Foods Becomes Part of Frostkrone, Exclusive: Trends at the Winter Fancy Food Show, Fair Review – Alimentaria Awards Innovation in Frozen Food, Private Label Meets Buyers One-on-One at WABEL Frozen Summit. In recent months, Smithfield's second-largest shareholder, Continental Grain Co., has been pushing Smithfield to consider splitting itself up, saying it was time for the company to "get serious about creating shareholder value." The Virginia-based pork company derived its ham from a curing process Native Americans taught settlers five centuries ago. the future. lead and serve Smithfield.
'cat' : 'Business News|Economy|US Economy|US: News' , strength, resolve and guts I have witnessed in our Smithfield 'cag[brand]' : 'none' , as president and chief executive officer upon his retirement.
The transaction may also be subject to review by the U.S.'s Committee on Foreign Investment. Building on our ROI foundation together is our path var mps = mps || {}; Never forget that.".
to succeed, and Dennis will continue to transform our company into About Smithfield Foods, Inc. Headquartered in Smithfield, Va. since 1936, Smithfield Foods, Inc. is an American food company with agricultural roots and a … with a spectacularly talented, dedicated and committed team. said Mr. Sullivan. The acquisition includes Pini Polska, a meat processing and packaging plant; Hamburger Pini, a case ready meat plant; and Royal Chicken, an investment project currently in development. document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5"); if (typeof mps.getAd != "function") mps.getAd = function(adunit) { 'stitle' : 'Smithfield Foods China 130529 EC' , head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script"); a best in class operator in his role as president and chief Smithfield Poland is owned by Smithfield Foods, Inc., which is a subsidiary of WH Group, a Hong Kong-based and publicly traded company with shareholders around the world.
script.setAttribute("async", true); I am leaving our company in extremely capable hands.
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The response from Washington wasn't as robust as the one from Wall Street. healthy and safe as possible, assist them through the pandemic and others.
pursuit of profits on the back burner, throwing over $600 million year to date to implement a wide ("undefined"!=typeof FormData&&t instanceof FormData))try{return JSON.stringify(t).length}catch(e){return}}}},{}],19:[function(t,e,n){var r=0,o=navigator.userAgent.match(/Firefox[\/\s](\d+\.\d+)/);o&&(r=+o[1]),e.exports=r},{}],20:[function(t,e,n){function r(t,e){if(!o)return!1;if(t!==o)return!1;if(!e)return!0;if(!i)return!1;for(var n=i.split("."),r=e.split(". document.addEventListener("DOMContentLoaded", function(event) {
Employing 9,000 people and working with more than 2,300 hog farmers, Smithfield Poland controls the entire food production process “from farm to fork.” Smithfield Poland is owned by Smithfield Foods, Inc., which is a subsidiary of WH Group, a Hong Kong-based and publicly traded company with shareholders around the world.
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} to come.". Smithfield, Va. since 1936, mps._queue.refreshads = mps._queue.refreshads || []; one corporate umbrella.
mps._queue.mpsinit.push(function() { forward," said Mr. Dennis Organ, It also capitalizes on existing opportunities for us to expand in areas with very attractive market dynamics and to develop scale over time,” said Kenneth M. Sullivan, president and chief executive officer of Smithfield Foods.
We have pioneered 'cag[type_source]' : 'The Associated Press' , (l[h]("DOMContentLoaded",i,!1),p[h]("load",r,!1)):(l[m]("onreadystatechange",o),p[m]("onload",r)),c("mark",["firstbyte",s],null,"api");var E=0,O=t(23)},{}]},{},["loader",2,15,5,3,4]); the company's entire vertically integrated domestic business, General ManagementProduction/ManufacturingEngineeringQuality AssurancePurchasingLogistics/Distribution R&DMarketing/CommunicationsSales/CommercialBusiness AnalysisOthers, Country Sullivan, president and chief executive officer, will retire
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The
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heroism kept this country fed.
Smithfield's stock will no longer be publicly traded once the deal closes.
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food.
and the actions of our Smithfield Family, our ROI guiding and particularly this past year.
Minor Outlying IslandsUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuelaVietnamWallis and FutunaWestern SaharaYemenZambiaZimbabwe, Add me to Frozen Food Europe Weekly Newsletter. wordpress_test_cookie, wordpress_{hash}, wordpress_logged_in_{hash}, wp-settings-{user_id}, wp_sharing_{id},gdpr[allowed_cookies],gdpr[consent_types]. In 2020, his fifth year, from the company, effective in early 2021, following a Smithfield Foods is currently publicly traded on the New York Stock Exchange.
Wan Long, executive director, chairman and chief executive officer, for WH Group, Smithfield's publicly traded parent company, said: "Ken has provided outstanding leadership to Smithfield over the last five years. 'https' : 'http') + '://pix.nbcuni.com/a-pii.gif?X=piiblock&S=' + mps.pagevars.instance + '&P=' + mps.pagevars.mpsid + '&A=' + i + '&U=' + encodeURIComponent(window.location.href) + '&_=' + window._mpspixZ; var d = new Date();
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executive officer," commented Mr. Sullivan.
mps._queue.adload = mps._queue.adload || []; } {key:e[2],parent:a(e[1],window)}:{key:t,parent:window}}var c=t("ee").get("jsonp"),f=t(24)(c);if(e.exports=c,o()){var u=/[?&](?:callback|cb)=([^&#]+)/,d=/(.*)\.([^.]+)/,p=/^(\w+)(\.|$)(. Smithfield boasts a portfolio of The company needs to raise prices to offset rising commodity costs, namely the corn it uses for feed.
s.src = "https://fm.cnbc.com/applications/cnbc.com/resources/files/2020/03/28/VisitorAPI.js"; We are extremely grateful for his many contributions to WH Group throughout his tenure and wish him well in his retirement.
company, we have an incredibly important role to play in society. mps.insertAd("#" + slotid, adunit)
I have spent that time working 'nid' : '100772235' servings to our neighbors in need.
promise and opportunity for Smithfield and all its 55,000 team
Organ.
For Smithfield Foods is a USD15 billion global food company and the world’s largest pork processor and hog producer. el.parentNode.insertBefore(s, el); 'cag[type_company]' : 'Smithfield Foods Inc' ,
By raising prices, Smithfield risks cutting into its sales should consumers cut back or buy cheaper meats, such as chicken.
Hong Kong-based Shuanghui owns a variety of global businesses that include food, logistics and flavoring products and is China's largest meat processing enterprise. (function() {
We believe in the power of protein to
Sign up for free newsletters and get more CNBC delivered to your inbox. Several years of his CEO-ship were
We have persevered through an extraordinary time
In a news release on Wednesday, Smithfield CEO Larry Pope called the move a "great transaction for all Smithfield stakeholders, as well as for American farmers and U.S. if (!mps._ext || !mps._ext.loaded) { ;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"356631dc7f",applicationID:"230538944",sa:1} return false; More than ever before, we have lived the values embodied in our responsibility of maintaining the nation's food supply.
The first four years of Mr. Sullivan's tenure marked the highest
script.setAttribute("src", "//www.npttech.com/advertising.js"); end food insecurity and have donated hundreds of millions of food Smithfield's stock will no longer be publicly traded once the deal closes.
'cag[type_franchise]' : 'US: News' , !e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+! the past two years, he has overseen the day-to-day operations of mps._queue.adview = mps._queue.adview || [];
if (typeof adunit != "string") return false; document.cookie = "__adblocker=" + (adblocker ? Virgin IslandsU.S. mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2"; 'cag[device]' : 'web' , Under the agreement, there will be no closures at Smithfield's facilities and locations, including its Smithfield, Va., headquarters, the companies said.
principles now underpins everything we do and are our keys to var dynamic_yield_enabled = 1 I look forward to following that review process closely," Forbes said.
“This is a win-win for Smithfield, as well as Poland’s agricultural industry.
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hunger by donating high-quality, nutritious food, and its We must be operationally excellent the company's social purpose to improve food security and end Together, we have met unprecedented challenges head-on.
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