Attached files
Exhibit 99.1
News Release
Terry J. Holton Named Seaboard Foods President and Chief Executive Officer
SHAWNEE MISSION, KS (Dec. 21, 2011) - Seaboard Corporation announced today
that Terry J. Holton has been appointed President and Chief Executive
Officer of Seaboard Foods LLC. Holton, with more than 30 years of pork
industry experience, is a 17-year veteran of Seaboard Foods and has been
instrumental in leading the Company from a start-up operation in the mid-
1990s to a leading integrated food company producing and selling premium
pork products throughout the United States and the world.
Steve Bresky, President and Chief Executive Officer of Seaboard
Corporation, says, "Terry brings with him a wealth of knowledge about the
pork industry and has played an integral role in the success of Seaboard
Foods. He believes in the strength and value of the integrated system and
has a deep commitment to producing high-quality, consistent pork products
for our customers. I'm confident he will continue to lead the company in a
direction that will meet and exceed our domestic and international
customers' expectations and will continue on the path of product
innovation, company integrity and customer value."
Holton joined Seaboard Foods in 1994 as Vice President of Processor
Sales before the Company's Guymon, Oklahoma pork processing plant opened,
and played a key role in developing customer-driven products from the
Company's beginning. As the Company grew, his responsibilities expanded to
oversight of international, retail and food service sales and marketing,
and most recently he's served as Seaboard Foods Senior Vice President of
Sales and Marketing.
Holton succeeds Rod K. Brenneman, who was named President and Chief
Executive Officer of Butterball, LLC, in September. Seaboard Corporation
owns a 50-percent non-controlling voting interest in Butterball in
partnership with Maxwell Farms, LLC.
During Holton's tenure, sales have grown to more than $1.3 billion
annually, and the Company has become an industry leader in supplying
premium pork products to domestic and international markets. In addition,
the Company expanded its business in both retail and food service, and
introduced the PrairieFresh Premium Pork brand and the proprietary
PrairieFresh Prime Cook-in Bag product line. In 2005, Seaboard Foods added
bacon processing and processed meats sales with the purchase of Daily's
Premium Meats.
Holton says, "I'm excited to accept my new role with the Company.
Over the past 17 years, I've had the privilege to be part of Seaboard Foods
as we've built a reputation for unsurpassed food safety and quality
products. I commit to Seaboard Foods' employees and customers to remain
focused on delivering high-quality, consistent pork products, while working
collaboratively to bring value to our customers and the Seaboard Foods
integrated food system."
In addition, to Holton's appointment, Gary Louis has been named
Executive Vice President of Seaboard Foods and will report to Holton with
leadership responsibilities for Live Operations and Business Services. He
previously held the position of Vice President of Integrated Business
Strategies. In addition, Duke Sand was promoted to Senior Vice President
of Sales and Marketing, and had served as the vice president of
international sales before assuming his new role.
Seaboard Foods, with headquarters in Shawnee Mission, Kansas, is a
leading integrated food company and a top exporter of U.S. pork to more
than 30 countries. Pork products sold internationally bear the Seaboard
Farms and St. Joe Pork brands. In the United States, Seaboard Foods
markets fresh products under the PrairieFresh Premium Pork brand and
processed meats under the Daily's Premium Meats brand. As part of the
Company's sustainability
commitment, Seaboard Foods formed High Plains Bioenergy, a subsidiary
committed to creating sustainable energy solutions from the Seaboard
Foods integrated system. For more information, visit www.SeaboardFoods.com.
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