Sanderson Farms Announces Retirement of Board Member John Baker
Sanderson Farms, Inc. (NASDAQ: SAFM) announced the retirement of John H. Baker III from its Board of Directors, effective at the 2021 annual shareholders’ meeting. Baker has served on the Board since 1994, contributing to the company's greenfield expansion and overseeing the construction of seven processing plants, notably in Texas. His expertise in livestock management has been vital for poultry operations. Chairman Joe F. Sanderson, Jr. acknowledged Baker's significant impact on long-term shareholder value, highlighting his leadership qualities and dedication during his tenure.
- Baker's leadership contributed to the successful construction of seven processing plants, enhancing operational capacity.
- His experience in livestock management provided valuable insights for poultry operations.
- Baker's departure may lead to potential continuity concerns on the Board.
- Loss of his extensive experience may create gaps in leadership and strategic insight.
Sanderson Farms, Inc. (NASDAQ: SAFM) today announced that John H. Baker III has informed the Company that he will retire from the Sanderson Farms Board of Directors when his current term ends at the 2021 annual shareholders’ meeting.
“Johnny Baker has been a valued member of the Sanderson Farms Board of Directors since 1994,” stated Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc. “His many years of experience as a successful entrepreneur in real estate development provided an important perspective in the development and implementation of our greenfield expansion plans. The Company has built seven poultry processing plants under his leadership, four of those in his adopted home state of Texas. His additional expertise in livestock management and associated agri-business matters were especially relevant to the management of our poultry operations. We are grateful for his important work in serving on our Audit and Compensation Committees and for his invaluable contributions toward increasing long-term shareholder value. We will certainly miss his great sense of humor and the wisdom and insight he provided as a Board member. Most importantly, the Company will benefit for years to come from his example of principled leadership based on honesty, integrity, fairness, and equity. We wish Johnny, his wife Carla and his family all the best in his retirement.”
Baker is Proprietor of John H. Baker Interests, a real estate and development company in Houston, Texas, and he also owns and manages a 1,500-acre ranch in southeast Texas that maintains an active cow-calf operation. He previously served on the Board of Trustees of Baylor College of Medicine, Houston Baptist University, and held numerous directorships with community banks throughout Texas.
Sanderson Farms, Inc. is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM.
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