October 26, 2021

 

Sanderson Farms announces retirement of board member

 

 

Sanderson Farms, Inc. announced on October 25 that Fred L. Banks, Jr. will retire from Sanderson Farms' board of directors when his current term ends at the 2022 annual shareholders' meeting.

 

"Fred Banks has been a valued independent member of the Sanderson Farms Board of Directors since 2007," said Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. "His extensive legal experience as a practicing lawyer, judge and legislator provided an important perspective in the development and implementation of our governance best practices.

 

"Fred is a tireless advocate and a respected leader in Mississippi known for his commitment to diversity and legal aid services for those in need. We were fortunate to benefit from this expertise as he played a pivotal role in shaping and supporting Sanderson Farm’s diversity, equity and inclusion policies and practices. In every way, Fred has been the embodiment of our company culture of mutual respect, collaboration, trust and fairness.

 

"We are grateful for his important work in serving on our audit, compensation and nominating and governance committees and for his invaluable contributions toward increasing long-term shareholder value. We will certainly miss the considerable insight and wisdom he provided as a board member. We wish Fred and his family all the best in his retirement."

 

- Sanderson

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