SMITHFIELD, VA. — Smithfield Foods has promoted Mark Hall to be the company’s next chief financial officer, effective Jan. 1, 2023. Mr. Hall currently works as Smithfield’s executive vice president of finance.
The pork processing company said Glenn Nunziata, its current CFO, would leave the company by the end of 2022.
Mr. Hall brings 25 years of food industry financial experience to the role. He started with Smithfield in 2014 as vice president of finance for the John Morrell Food Group. Since then, he has been promoted to various other executive finance positions, including the combined Packaged Meats business and Fresh Pork and Packaged Meats. In late 2020, he assumed his current position as executive vice president of finance. Mr. Hall started his career in public accounting at Arthur Andersen LLP and worked in equity research for Legg Mason Wood Walker Inc. Before joining Smithfield, he held finance positions of increasing responsibility with The Quaker Oats Co. and McCain Foods USA.
“Mark is well prepared for his new role and brings a depth of experience, including serving for the last eight years in senior leadership positions on Smithfield’s finance team,” said Shane Smith, president and chief executive officer of Smithfield. “We are fortunate to have a deep bench and look forward to a seamless transition of responsibilities over the next few weeks.”
Smithfield’s top executive shared his appreciation for Mr. Nunziata’s work with the company.
“During Glenn’s tenure, we have become a better company, achieving new levels of operational excellence and a strengthened balance sheet while growing organically and through acquisitions to become a world-class protein company,” Mr. Smith said.
“Serving Smithfield for seven years as CFO and for 10 years during my previous role with Ernst & Young has been the highlight of my career,” Mr. Nunziata said. “The future is bright for the company, and I am thankful for the opportunity to have worked alongside so many talented people committed to a worthy mission to produce good food the right way. I plan to take some time to consider the next phase of my career.”
