January 8, 2021
Smithfield Foods announces management shakeup with new CEO
Smithfield Foods, the world's biggest pork processor, has announced a management shakeup with a new chief executive officer to manage reduced meat demand in restaurants and COVID-19 outbreaks among their workers, Reuters reported.
Dennis Organ, who was previously Smithfield Foods' chief operating officer, will become the new chief executive officer.
Organ has promoted a number of executives, such as Russ Dokken to chief sales officer, Scott Saunders to chief supply chain officer, and Joe Weber to chief commodity hedging officer.
The company also announced the retirements of Dhamu Thamodaran, their chief commodity hedging officer, two executives in the packaged meats division, John Pauley and Bill Michels, as well as Michael Cole, senior adviser to the CEO.
In 2020, Smithfield Foods said it was on the way to achieving record profits before the COVID-19 pandemic. The company said it had spent US$600 million on workers' health and safety measures.
Smithfield Foods is owned by WH Group.