Smithfield Foods, the world’s largest pork processor, said on Friday Chief Executive Officer Dennis Organ is stepping down for personal reasons less than a year after taking the helm.
It has appointed 18-year company veteran Shane Smith to the top role, in the second high-profile CEO change in recent weeks at a major U.S. meat company after Tyson Foods Inc (TSN.N) named a new chief last month.
The Smithfield, Virginia-based company, owned by Hong Kong’s WH Group Ltd (0288.HK), in January unveiled a management shakeup that saw several executives retire.
A North Carolina native, Smith joined Smithfield as a financial analyst in 2003. He was most recently its chief strategy officer, overseeing the company’s efforts to boost sales through its own resources as well as mergers and acquisitions.