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NAMI Board of Directors Elects New Officers for 2023
The North American Meat Institute (Meat Institute) Board of Directors today elected its slate of officers for 2023, with Steve Van Lannen, President and COO of American Foods Group, elected to serve as the incoming Chairman in January of 2023.
“This is both an exciting and a challenging time for the meat and poultry industry,” said incoming Chairman Steve Van Lannen. “We will continue to build on the leadership of our past Chairman, Brad McDowell, to ensure the Meat Institute continues to provide exemplary service to its members and, through the...'
Kareem Daniel Elected to McDonald's Board of Directors
McDonald's Corporation today announced that its Board of Directors has elected Kareem Daniel as an independent Director of the Board, effective October 1, 2022.
Mr. Daniel currently serves as Chairman, Disney Media and Entertainment Distribution at The Walt Disney Company, where he leads the organization that delivers Disney's storytelling to fans and families around the world. In this role, he is responsible for driving the overall growth and profitability of Disney's global media businesses, including its streaming services – Disney+, ESPN+, Hulu, and Star+ – which combined have more than 220...
Virginia (Ginni) M. Rometty Elected to Cargill’s Board of Directors
Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors.
“Ginni led the reinvention of IBM for the era of cloud and data, by realigning their portfolio through organic and acquired growth. She also is a steadfast advocate for advancing diversity in the workplace, pioneering efforts that brought IBM into a more inclusive future. Through these efforts, Ginni has become a leading voice on technology ethics, business transformation and the workplace of the future. We are thrilled to bring her..."
McDonald's Announces Key Changes to Board of Directors
McDonald's Corporation today announced the retirement of Sheila A. Penrose from the McDonald's Board of Directors. The Company also announced the election of Tony Capuano, Marriott International; Jennifer Taubert, Johnson & Johnson; and Amy Weaver, Salesforce, to the Board. Sheila's retirement will be effective September 30 and the election of Tony, Jennifer and Amy takes effect October 1.
"For over 15 years, Sheila has been a deeply committed and highly valued member of our Board. We have all benefited from her thoughtful counsel, strong expertise and unwavering dedication to McDonald's. Through her leadership..."
Kroger Board of Directors Raises Quarterly Dividend by 24%
The Kroger Co's Board of Directors approved a dividend increase from $0.84 to $1.04 per year. The next quarterly dividend of 26 cents per share will be paid on September 1, 2022, to shareholders of record as of close of business on August 15, 2022.
Kroger's quarterly dividend has grown at a 14% compounded annual growth rate since it was reinstated in 2006. This marks the 16th consecutive year of dividend increases. The company continues to expect, subject to board approval, an increasing dividend over time...
Cal-Maine Foods, Inc. Announces $82.0 Million for Capital Projects to Expand Cage-Free Production
Cal-Maine Foods, Inc. today announced that its Board of Directors has approved new capital projects to further expand the Company’s cage-free egg production capabilities. The Company plans to fund the proposed projects for an estimated total of $82 million through a combination of available cash on hand, investments and operating cash flow.
The proposed projects will include the following Cal-Maine Foods’ locations:
- Delta, Utah - four new cage-free layer houses and two pullet house conversions with capacity for approximately 810,000...
Kroger Issues Statement Regarding Carl Icahn's Intent to Nominate Two Director Candidates
The Kroger Co. today announced that Carl Icahn has submitted an intent to nominate two director candidates – Alexis C. Fox and Margarita Paláu-Hernández – to stand for election to the Kroger Board of Directors at the Company's 2022 Annual Meeting of Shareholders. The date for the Annual Meeting has not been announced. Kroger shareholders are not required to take any action at this time.
The Company issued the following statement:
The Kroger Board and management team maintain regular communications with shareholders and other stakeholders on a range of...
Pilgrim’s Pride Announces Michael Cooper to Retire from Pilgrim’s Board of Directors
Pilgrim’s Pride Corporation today announced that Michael Cooper will retire from the Pilgrim’s Board of Directors (the “Board”) effective on April 27, 2022, the date of the next Annual Shareholders Meeting, following 13 years of service to Pilgrim’s and over 25 years in the poultry industry.
Initially appointed by the U.S. Bankruptcy Court as one of a two-member equity committee, Mr. Cooper was a key influence behind the Company’s emergence from bankruptcy while retaining the viability of Pilgrim’s initial stock...
Parker to Serve as 2022 National Turkey Federation Chair
The National Turkey Federation (NTF) announced the 2022 officer team and Executive Committee members recently elected by the Board of Directors at the 2022 NTF Annual Convention in Tampa.
Ronnie Parker of Circle S Ranch was elected 2022 NTF chairman. Steve Lykken of Jennie-O Turkey Store will serve as vice chairman and John Zimmerman of P&J Products Co. as secretary-treasurer. Phil Seger, representing Farbest Farms, Inc., will move into the role of immediate past chairman.
“I am humbled to serve as National Turkey Federation chairman and..."
US Foods Board of Directors Announces Corporate Governance Changes
US Foods Holding Corp., one of the largest foodservice distributors in the United States, today announced that, following a governance review by the Board of Directors (the “Board”)”, it has implemented a series of changes consistent with its commitment to best practices of corporate governance.
Effective immediately, the Board of Directors has determined to separate the roles of Chief Executive Officer and Chair. Robert M. Dutkowsky, currently US Foods’ independent lead director, has been elected non-executive Chair. Pietro Satriano will continue as Chief Executive Officer and a director...
UB Consulting: Why the Rise in Egg Prices?
Mintec and Urner Barry combine to create a market leading Price Reporting Agency and Data Provider
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Urner Barry's Winter 2023 Reporter Issue Released; Read It Online For Free Now