Smithfield Foods has made a raft of changes to its leadership structure in a move to unify all its operations, brands, and more than 54,000 employees globally under one corporate umbrella.
Virginia-headquartered Smithfield said the new structure aims to in infuse innovative ideas in all aspects of the company and heighten its strategic focus.
The restructuring includes the addition of a chief operating officer, a position held by Dennis Organ.
This new role oversees and unifies all Smithfield’s domestic business operations management, including the company’s hog production, fresh pork, and packaged meats businesses. Organ is responsible for strategic development, day-to-day operations and improvement of the Smithfield’s US businesses.
Gregg Schmidt will remain president of US hog production until his retirement at the end of 2019. Brady Stewart, formerly vice president and general manager of Kansas City Sausage Company and Pine Ridge Farms, which Smithfield acquired in 2017, will work with Schmidt for the next year and succeed him upon his retirement.
Smithfield has also created a chief commercial officer of packaged meats position that has been filled by John Pauley, who has been with the company for 18 years.
Kenneth Sullivan, chief executive officer of Smithfield Foods, said: “Guided by our principles of responsibility, operational excellence, and innovation, our new optimised structure and leadership team will further ignite our potential as ‘One Smithfield’ by allowing us to better identify and seek out opportunities to improve our business, including ways to work smarter, serve customers better, and make Smithfield the best of the best.”
Last month, Smithfield invested more than $100 million to create a new distribution centre in Tar Heel, North Carolina, and spent nearly $45 million to grow its operations in Sioux Falls, South Dakota.
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.