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Smithfield Foods CEO to retire in early 2021

Smithfield Foods Inc, the world's largest pork processor, said on 19 October its President and Chief Executive Officer Kenneth Sullivan will retire in early 2021 after five years at the helm.

20 October 2020, at 10:18am

Reuters reports that Smithfied, owned by China's WH Group Ltd, also said Dennis Organ, chief operating officer of its US operations, would replace Sullivan as the CEO and president.

Organ joined Smithfield in 2010 and has been in his current role since 2019.

The first four years of Sullivan's tenure marked the highest profit periods in the company's history, Smithfield said, before the COVID-19 pandemic hurt its business due in part to coronavirus outbreaks at some of its plants.

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