USA- American fresh egg producer Cal-Maine Foods has named Sherman Miller president and CEO, effective immediately.
Miller, a long-serving Cal-Maine employee, started working for the egg producer and wholesaler in 1996.
Throughout his 26-year career, he has held several executive positions, most recently as president and chief operating officer.
He succeeds Dolph Baker as Chief Executive Officer and will continue to serve as interim COO until a replacement is identified.
Baker will retain his capacity as chairman and will serve as an executive officer where he will “remain actively involved in managing the company, ” Cal-Maine said in a statement.
It further elaborated that Baker will concentrate on strategy, capital allocation, counseling the senior management team, and acting as the board’s chairman.
The organization asserted that the succession planning approach used by the board was adhered to during the CEO transfer.
Baker said that Miller “is extremely well qualified for this leadership position, having the right complement of operational experience and strategic vision.”
He detailed that Miller has been a “proven leader in managing our operations through the various market cycles that are characteristic of our industry.”
Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing, marketing, and sale of fresh shell eggs, including conventional, cage-free, organic, pasture-raised, free-range, and nutritionally enhanced eggs.
The Company, which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States.
It sells most of its shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
The company in March this year, approved new capital projects estimated at US$82 million to further expand the Company’s cage-free egg production capabilities.
The proposed projects included Cal-Maine Foods’ locations in Delta, Utah and Guthrie, Kentucky.
It plans to fund the proposed projects through a combination of available cash on hand, investments, and operating cash flow.
Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated that the projects would further advance their growth strategy and better serve customers given growing customer and consumer demand and expanding state requirements for cage-free eggs.
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