Kenneth Marc Sullivan
President, CEO & Director
Glenn T. Nunziata
CFO & Executive VP
Michael E. Brown
President of Farmland Foods
Smithfield Foods was founded in the year 1936. The company has been operational for almost 83 years now. The founders of the company were Joseph W Luter Jr and Joseph W Luter Sr. The former name of the company was the Smithfield Packing Company. The company was financed by Peter Pruden from Suffolk and John S. The Smithfield Packing Company manufacturing plant was established in the year 1946 on Highway 10. By the year 1959, the company had a fleet of 650 workers. Joseph W Luter Jr was the CEO of the company until the year 1962 when he had passed away. Forty-two per cent of the company was owned by Joseph W Luter Jr which was passed onto his son, known as Joseph W Luther III when his son had joined the company, the same year of his passing as well. By the year 1966, he had become the CEO as well as the chairman of the company too.
As of the year 1970, the number of employees was almost 1,400. In the year 1969, the company was sold off Liberty Equities, for an amount of nearly $20 million. In the year 1970, Joseph W Luther III was ired from the company but was reinstated as the CEO of the company, again in the year 1975. During that time, the company had a net worth of just $1 million, with a debt of almost $17 million and also loss of at least $2 million each year. In the year 2013, the company was sold off to the WH Group. The company was acquired for an amount of nearly $7.1 billion. After the acquisition, the company had taken over Clougherty Packing PLC for about $145 million. The following year, it was reported that it would be purchasing two other Romanian meat suppliers, namely - Vericom and Elit. The headquarters of the company is based in 200 Commerce Street. The name of the place is Smithfield, while the name of the state is Virginia, USA. The pin code of the area is 23430.
Smithfield Foods is an American company that focuses on the processing of delicious and nutritious meat, that helps in being an ethical leader in the food industry as a whole. The current CEO of the company is Kenneth M Sullivan. As of the year 2015, the total revenue generated by the company is more than $14.4 billion. Also, the number of employees currently working at the company, as of the year 2016, is more than 50,200. The company processes the meat of almost 32,000 pigs a day. The company also has its presence outside of the USA as well, such as in Poland, Mexico, Germany, Romania, the UK, etcetera. As of the year 2013, the company is China’s largest meat producer.
The primary services provided by the company include allowing customers to purchase and obtain meat that is processed by the company itself. The products of the company include fresh pork, deli meats and prepared foods as well. The company has numerous brands under its name, such as Farmland, Healthy Ones, Armour, John Morell, Cook’s, etcetera.
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page.