Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC) ended Friday session in red amid volatile trading. The shares closed down -0.26 points or -1.23% at $20.80 with 1.73 million shares getting traded. Post opening the session at $20.87, the shares hit an intraday low of $20.53 and an intraday high of $20.95 and the price vacillated in this range throughout the day. The company has a market cap of $5.18 billion and the numbers of outstanding shares have been calculated to be 254.51 million shares.
On Sept. 14, 2016 Pilgrim’s Pride Corporation (PPC) has selected Mark Chranowski, a seasoned operations executive with 37 years of industry experience, to lead its commercial business unit in the newly created role of general manager. Chranowski will oversee the company’s eight commercial operations, including poultry processing complexes in Nacogdoches, Texas, Russellville, Ala., Mt. Pleasant, Texas, (East Plant), Broadway, Va., Marshville, N.C., Sanford, N.C., Sumter, S.C., and Douglas, Ga. He will report to Jayson Penn, executive vice president of sales and operations.
Chranowski previously served as vice president of processing operations for Mountaire Farms, a large vertically integrated poultry processor in the U.S. Throughout his career, Chranowski has enjoyed several roles at leading companies, with management responsibilities including live and plant operations, sales, quality assurance, human resources, purchasing, distribution, rendering, and engineering. His experience includes positions with Tyson Foods, ConAgra, Rocco Farm Foods and Cargill Poultry.
In his new role, Chranowski will lead Pilgrim’s largest business unit, leveraging his considerable experience to enhance operational efficiencies and service the company’s domestic and international retail and foodservice customer base.
“Pilgrim’s is fortunate to have the opportunity to add a proven leader, industry veteran and operational expert to our team,” Penn said. “Throughout his career, Mark has demonstrated the ability to build strong teams and drive operational improvements that lead to increased profitability and customer satisfaction. We are confident that our commercial business will reach new heights under his leadership.”
Shares of Pinnacle Foods Inc (NYSE:PF) ended Friday session in green amid volatile trading. The shares closed up +0.20 points or 0.40% at $50.22 with 1.69 million shares getting traded. Post opening the session at $50.20, the shares hit an intraday low of $49.69 and an intraday high of $50.71 and the price vacillated in this range throughout the day. The company has a market cap of $5.85 billion and the numbers of outstanding shares have been calculated to be 117.98 million shares.
Pinnacle Foods Inc (PF) on Aug. 30, 2016 announced the appointment of Michael E. Allen, food industry veteran with significant experience leading health and wellness brands, to the position of Executive Vice President and President, Boulder, effective September 19, 2016. Allen will report to Chief Executive Officer Mark Clouse and replace Phil Anson, interim Boulder General Manager and founder of EVOL® frozen foods. In his new role, Allen will have full responsibility for the Company’s Boulder segment.
Allen, 54, has 20 years of experience in the food industry, including focus in the natural, organic and health-forward channels on brands such as Kashi® and Morningstar Farms®. He joins Pinnacle from the Kellogg Company where he most recently held the role of President, Morning Foods Division. Prior to his most recent role, he served as President, Frozen Foods Division from 2009-2013. Allen joined the Kellogg Company in 1997 and progressed through various leadership roles in marketing, innovation and general management. Before joining Kellogg, Allen worked in marketing and advertising. He holds a degree in Communications from Centennial College in Toronto.
“We are excited to welcome Michael to Pinnacle Foods to lead our Boulder segment,” said CEO Mark Clouse. “Michael’s strong track record of growing brands and leading natural and organic businesses, as well as his personal passion for wellness, will help us realize the full potential of our Boulder business.”