Pilgrim's Pride Names New Chairman

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Pilgrim's Pride Names New Chairman

07/27/2007
PITTSBURG, Texas -- Lonnie Ken Pilgrim is succeeding his father, co-founder Lonnie "Bo" Pilgrim, as chairman of Pilgrim's Pride Corp. here, while the elder Pilgrim has been named senior chairman and remains on the company's board.

Ken Pilgrim, 49, has been employed by Pilgrim’s Pride since 1977 and has been e.v.p. and assistant to the chairman since November 2004. He served as s.v.p./transportation from August 1997 to November 2004. Prior to that he served as v.p./director of transportation, and has been a member of the board of directors since March 1985.

"The appointment of Ken to chairman is part of an orderly succession plan by the board that should be largely seamless and invisible to our employees, customers and shareholders," said Bo Pilgrim. "Ken has literally grown up in the chicken industry, learning every aspect of the business from the ground up. He has great instincts and a keen understanding of what it takes to grow this company."