Peter Brown to succeed Darwin Sand as CEO of pork processing giant Seaboard Foods

US- American multinational agribusiness conglomerate, Seaboard Corporation has announced the appointment of Peter Brown as president and CEO of its pork division: Seaboard Foods. According to a statement from Seaboard Corporation, Brown will succeed Darwin ‘Duke’ Sand who will be retiring, effective 1 January 2021. In his new role, Mr. Brown will be responsible for all of Seaboard Foods’ operations, focusing on executing the company’s strategic priorities by working with Seaboard Corp.’s leadership and customers achieving data-driven results. He will also be responsible for steering Seaboard Foods’ culture of inclusion…

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Seaboard sustains a US$2m loss in milling unit in the second quarter

USA – The Kansas based agribusiness company, Seaboard Corp has reported a loss of US$2 million in its Commodity Trading and Milling (CT&M) segment during the second quarter ended June 30. The company had operating income of US$9 million in the segment while net sales totalled US$890 million, a 27% increase from US$701 million in the same period a year ago. An increase in the net sales was attributed to reflected higher volume of third-party and affiliate sales partially offset by lower third-party sales prices. Also, the segment benefited from…

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