PITTSBURG, Texas – Pilgrim’s Pride Corp. on Monday announced it had appointed William K. Snyder as chief restructuring officer.

Snyder, a managing partner at CRG Partners Group LLC in Dallas, will help the company in capitalizing cost reduction initiatives, developing restructuring plans and exploring opportunities to improve its long-term liquidity. He will report to the board of directors of Pilgrim's Pride or a committee of the board.

"William is a seasoned veteran with more than 25 years of experience in helping companies in a wide variety of industries, including foodservice, restaurants and retailing, realign their businesses to meet new challenges," said Clint Rivers, president and chief executive officer. "He will play an integral role in working with our outside advisors and lenders on a business and restructuring plan that addresses the financial and operational challenges currently facing Pilgrim's Pride."

Source: Pilgrim’s Pride