In continuing with its reorganization, Smithfield Foods on Thursday announced two changes within its C-suite.
Kenneth M. Sullivan, currently executive vice president and chief financial officer of the country’s largest hog producer and pork processor, was named president and chief operating officer. Glenn T. Nunziata, who most recently served as a partner in assurance services at Ernst & Young, will replace Sullivan as CFO. Both appointments are effective Oct. 1.
“At the start of this year, we launched a new organizational structure to support Smithfield’s market position as a global leader in branded packaged meats and position the company to take advantage of additional opportunities for growth,” Smithfield’s president and chief executive C. Larry Pope said in a press release. “With our new structure in place, we have already been able to better utilize management talent across the company as planned and today’s senior leadership appointments make our team even stronger.”
Smithfield, which was acquired in 2013 by Shuanghui International Holdings Ltd. for $4.7 billion, earlier this year announced a realignment of its operations into four segments: packaged meats, fresh pork, hog production, and international, according to the Wall Street Journal/Dow Jones.
Sullivan previously served as the company’s chief accounting officer and vice president of internal audit. Nunziata, who was at E&Y for 19 years, will assume leadership of Smithfield’s finance, treasury, risk management, accounting, and IT functions.