Poulson to Retire as Executive Vice President of Smithfield Foods

Published on Monday, 16 August 2010 16:36 Written by TradersHuddle Staff

SMITHFIELD, Va., Aug. 16, 2010 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (NYSE:SFD) today announced that Richard J. M. Poulson, executive vice president, will retire from Smithfield effective September 1, 2010.

C. Larry Pope, president and chief executive officer, said, "Dick has been an extremely valuable member of the senior management team and has been helpful in our growth from a domestic provider of excellent pork products into one of the world's most respected and recognized meat protein suppliers. He has been instrumental in many of Smithfield's major acquisitions, including leading our acquisitions in Poland, Romania, and Western Europe, as well as serving as an important advisor to our Board of Directors."

"We truly appreciate Dick's dedication, enthusiasm, and business insights and wish him all the success for the future," Mr. Pope concluded.

About Smithfield Foods

Smithfield Foods is the world's largest pork processor and hog producer, with revenues exceeding $11 billion in fiscal 2010. In the United States, the company is also the leader in turkey processing and numerous packaged meats categories. From national brands and regional powerhouses in the United States to some of the best-known European brands, Smithfield Foods products are prized by retail, foodservice, and deli customers alike. For more information, visit www.smithfieldfoods.com.

The Smithfield Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7622

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