Tyson Foods Inc. Chairman John Tyson today said the company's board of directors selected Donnie Smith as the meat and poultry company's president and chief executive officer, effectively immediately.
Diversified bakery, meat and prepared foods giant Sara Lee Corp., Downers Grove, Ill., said it hired Marcel H.M. Smits as executive vice president and chief financial officer, effective Oct. 1.
With retailers holding ready-to-eat meat and poultry processors to
relatively defined price levels, the only way to effectively increase
profit margins is to lower production cost without sacrificing food
quality or safety.
Target Corp. is “very pleased” with its stores’ food sales and plans to roll out enhanced assortments of dry grocery, frozen foods, dairy products, meat and produce in future new and remodeled stores.