Smithfield Foods, the US meat processor, has handed Robert Manly, the head of its overseas business, the additional role of CFO.
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Manly, who has spent 30 years at Smithfield in two spells, was asked last November to take charge of Smithfield’s operations in Mexico, Poland, Romania and the UK.
Today (9 June), Smithfield announced that Manly would replace CFO Carey Dubois, who will stay at the company but in a new role of vice president, finance.
President and CEO Larry Pope called Manly a “valued advisor”, pointing to the CFO’s time in charge of Premium Standard Farms, which Smithfield bought last year.
“Bo Manly’s unique mix of financial, operating and general management experience along with his broad understanding of the industry will bring further strength to the finance organisation,” Pope said.
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By GlobalDataLast week, Smithfield reported a fall in annual earnings after losses from hog production led to a slump in fourth-quarter profits.
The company booked income from continuing operations of $139.2m for the year to 27 April, a fall of 34% on the year.
During its fourth quarter, income from continuing operations reached $1.8m, sharply down from the $51.8m posted last year.
