Seaboard Corporation 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 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.
Seaboard Corporation is primarily engaged in hog production and pork processing; commodity trading and grain processing; cargo shipping services; sugar and alcohol production, and electric power generation. Its segments include Pork, CT&M, Marine, Sugar and Alcohol, Power and Turkey. Pork segment primarily produces and sells pork products to further processors, foodservice operators, distributors and grocery stores. CT&M segment is engaged in agricultural commodity trading, processing and logistics business. Marine segment provides cargo shipping services in the United States and 27 countries in the Caribbean and Central and South America. Sugar and Alcohol segment operates an integrated sugar and alcohol production facility in Argentina. Power segment uses two power-generating barges for its operations: Estrella Del Mar II and Estrella Del Mar III. Turkey segment operates Butterball, which is an integrated producer and processor of conventional and antibiotic-free turkey products.