MERRIAM, Kan., July 20, 2020 /PRNewswire/ -- Seaboard
Corporation (NYSE AMERICAN: SEB) today announced that its Board of
Directors has appointed Ellen S.
Bresky as a director and Chairperson of the Board, filling
the vacancy previously held by her late husband, Steven J. Bresky. In connection with this
appointment, the Board also appointed Douglas W. Baena, who is currently an
independent director and Chairman of Audit Committee, to be Lead
Director, with responsibility to act as liaison between the Board
and Company management.
Seaboard also announced that the Board elected Robert L. Steer, the Company's current Executive
Vice President and Chief Financial Officer ("CFO"), to the office
of President and Chief Executive Officer, effective immediately, to
succeed Mr. Bresky. Mr. Steer has served as Executive Vice
President and CFO of the Company since April
2011, and he has been with the Company for more than 35
years serving in various capacities. Mr. Steer will also
continue to serve as CFO until a successor CFO is identified and
appointed.
Seaboard also announced that the Board elected Jacob (Jack) A. Bresky, son of Steve and Ellen Bresky, to the office of Vice
President-Business Development. Jack has been with Seaboard
more than seven years.
Ms. Bresky and Mr. Baena stated: "We are confident that these
appointments will provide continuity for Seaboard's businesses and
will enable Seaboard to continue the legacy of the late Mr. Bresky,
Seaboard's former President/CEO."
About Seaboard Corporation:
Seaboard Corporation is a diversified international agribusiness
and transportation company, primarily engaged in domestic pork
production and processing and cargo shipping. Overseas,
Seaboard is primarily engaged in commodity merchandising, flour and
feed milling, produce farming, sugar production and electric power
generation.
Forward-Looking Statements
This press release contains forward-looking statements with
respect to the financial condition, results of operations, plans,
objectives, future performance and business of Seaboard.
Forward-looking statements generally may be identified as
statements that are not historical in nature and include, without
limitation, statements concerning Seaboard's management succession
planning process. Seaboard undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future events, changes in assumptions
or otherwise, except as required by law. Forward-looking statements
are not guarantees of future performance or results. They involve
risks, uncertainties and assumptions. Actual results may differ
materially from those contemplated by the forward-looking
statements due to a variety of factors. Such factors include
Seaboard's ability to successfully execute its management
succession plan, including its ability to identify a successor
Chief Financial Officer, as well as the other factors disclosed
under "Item 1A. Risk Factors" in Seaboard's most recent Annual
Report on Form 10-K and, to the extent applicable, its Quarterly
Reports on Form 10-Q and other reports filed with the Securities
and Exchange Commission.
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SOURCE Seaboard Corporation