Pilgrim’s after Gold Kist acquisition with ne...

Pilgrim’s after Gold Kist acquisition with new VP of governmental affairs

Pilgrim's Pride Corporation Tuesday announced the completion of its acquisition of Gold Kist Inc., which created the world's leading chicken company.

On Wednesday A. Wayne Lord, previously vice president of corporate relations for Gold Kist Inc., has been appointed vice president of governmental affairs.

According to O.B. Goolsby, Jr., Pilgrim's Pride president and chief executive officer, the acquisition of Gold Kist will be a transforming event for Pilgrim's Pride, not only by creating the industry leader but by making a stronger and even more efficient company. As a result of the transaction, Gold Kist is now a wholly owned subsidiary of Pilgrim's Pride. All remaining outstanding shares of Gold Kist have been converted into the right to receive $21.00 per share in cash.

At the newly created position of vice president for governmental affairs, Lord will be responsible for the Company's governmental affairs program and will represent Pilgrim's Pride nationally and at the state level in the Company's Southeastern and Eastern operations.

Lord, an Alabama native and 28-year agribusiness veteran, will report to Clifford Butler, Pilgrim's Pride vice chairman.

Pilgrim's Pride Corporation is the largest chicken producer in the United States and Puerto Rico and the second-largest chicken producer and seller of chicken in Mexico. Pilgrim's Pride employs approximately 56,500 people and operates 37 processing and 12 prepared-food facilities.

Source: Pilgrim's Pride Corp.


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