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Posted 25 March, 2024

SEABOARD CORP /DE/ appointed Chad Groves as new CEO

NYSE:SEB appointed new Chief Executive Officer Chad Groves in a 8-K filed on 25 March, 2024.


  Chad Groves has been appointed to succeed Mr. Brown as President and Chief Executive Officer of Seaboard Foods effective upon Mr. Brown's retirement.  

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Overview of SEABOARD CORP /DE/
Consumer Goods • Food Products
Seaboard Corp. engages in hog production and pork processing in the U.S., commodity trading and grain processing in Africa and South America, cargo shipping services in the U.S., Caribbean and Central and South America, sugar and alcohol production in Argentina, and electric power generation in the Dominican Republic. It operates through the following segments: Pork, CT&M (Commodity Trading and Milling), Marine, Liquid Fuels, Power, Turkey, and All Other and Corporate. The Pork segment produces and sells fresh and frozen pork products to processors, foodservice operators, distributors, and grocery stores. The CT&M segment is an agricultural commodity trading, processing, and logistics company. The Marine segment provides cargo shipping services. The Liquid Fuels segment produces biodiesel at facilities in Oklahoma and Missouri and renewable diesel at a facility in Kansas. The Power segment generates electricity for the Dominican Republic power grid. The Turkey segment produces and processes turkey products. The All Other and Corporate segment processes jalapeño peppers. The company was founded by Otto Bresky in 1918 and is headquartered in Merriam, KS.
Market Cap
$2.62B
View Company Details
SEABOARD CORP /DE/ by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On March 25, 2024, Peter B. Brown, President and Chief Executive Officer of Seaboard Foods LLC ("Seaboard Foods"), a wholly owned subsidiary of Seaboard Corporation (the "Company"), gave notice of his intention to retire from Seaboard Foods effective June 28, 2024.

Chad Groves has been appointed to succeed Mr. Brown as President and Chief Executive Officer of Seaboard Foods effective upon Mr. Brown's retirement. Prior to this appointment, Mr. Groves served as Senior Vice President of Global Sales, Marketing, & Innovation of Seaboard Foods.