Corporate rotation: Smithfield Foods is forging ahead under the guidance of a changed executive-management team, a clearly defined organizational structure and a business expansion plan.(2006 MEAT PROCESSOR OF THE YEAR)

National Provisioner, The, June, 2006 by Young, Barbara

Joe Luter III, the man who defined Virginia-based Smithfield Foods for more than 30 years, is relinquishing his executive-management responsibilities, but not his vigilance over the Fortune 200 meat industry firm he brought back to life early in his career.

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Continuing to serve as chairman of the Smithfield board of directors frees Luter to concentrate exclusively on his twin specialties: acquisitions and Smithfield's long-term strategic development strategies.

"Joe Luter has revolutionized the United States pork industry, from introducing new genetics to building the largest pork-processing plant in the world," reports Robert Burrus Jr., a Smithfield Foods director. "Joe was never afraid to take risks, but he was...

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